Luling Watermelon Thump Association

Real Estate Investment Portfolio

Watermelon Thump Properties

Spitway
Pavilion
Railroad Restrooms
Carrigan Building
Cypress St/Fannin St Lot

Pricing Structure

Large Pavilion (Monday - Thursday)
$350/day
Large Pavilion (Friday - Sunday)
$500/day
Restrooms at Davis Street
$100/day
Restrooms at Train tracks
$100/day
Spitway Pavilion
$250/day
Beer Garden Canopy
$100/day

Our Management Services Include...

Managing logistics - i.e. reservations, pricing and payments, maintenance

Accounting and Deposit management with monthly reports

*ALL Repairs and Maintenance will be reviewed by the facilities committee to allow the Watermelon Thump to fix the problem first, unless it's an emergency. If repairs are to be arranged by a third party, owners pay the actual costs (to be deducted from gross income) - there are no upcharges.

Fees

No start-up or additional fees: $350 new account setup fee, Professional media expenses and advertising will be removed as an in-kind contribution to Watermelon Thump.
Commission: is an all-inclusive, flat percentage of the gross booking revenue. We profit only when you profit.
Rate will be at a reduced, in-kind rate of 28%.
*Industry standard for short term rentals vary from 30-50% depending on the level of service.

Long Term Vision

Let's look at the long term of what the Watermelon Thump Assets could provide.

Maximize Usability of Assets

1. Utilize and renovate back area of the Carrigan building to create a staging suite with restroom and secured access from the alley for event rental guests.
2. Utilize and renovate the back area of the Spitway to create an additional staging suite.

These upgrades will allow us to increase to competitive rates of surrounding venues, produce a healthy year around profit, and sustain a cash flow rate for maintenance, upgrades, taxes, scholarships and operating expenses for years to come.

Carrigan Building

Utilize the following resources to revitalize the building to a usable space:

1. Luling Main Street - facade matching grants available currently up to 5K for exterior improvements. *Possibly up to 10K in the future.

2. Texas Main Street Commission - free rendering of the building's facade to suggest renovations and help plan for future improvements.

3. Insurance - explore the possibility of an insurance claim for future roof replacement due to leaks.