📐 Phased Dev
🔄 Capital Recycling
🏔️ Real Assets
💸 Cash Flow First
How to Read This Financial Model
Cedar Knob Nexus · integrated ecosystem · capital-efficient growth platform
🏕️ Cash Flow Activation
Geodesic domes + cottage rentals → fast deployment, revenue within months. Establishes baseline income before full buildout.
🏡 Capital Events
Build & sell homes on select lots → recycle proceeds into expansion. Early labor converts to assets, not expense.
🎬 Scalable Operations
Mobile prod → Carriage House → Lot 29 → Full Studio. Service + facility revenue (not speculative).
🔄 Capital Recycling Modeldeploy → recover → redeploy
1. DeployInitial capital → construction & infrastructure
2. RecoverHomes & cottages sold (capital events)
3. RedeploySales proceeds → expansion
4. StabilizeAssets support refinance / recap
📌 Reduces reliance on continuous outside funding. $5M PIK (no early cash drain) + $33.2M asset sale gains (5yrs) fuel growth.
⏳ Phased Execution (PDF Page 2-3)
Phase 1 · Cash Flow First
Glamping + cottages generate early operating cash flow (2027: $667k revenue).
Glamping + cottages generate early operating cash flow (2027: $667k revenue).
Phase 2 · Capital Creation
Construction teams build homes, resale proceeds → recycle. Asset sales $8.82M (2028).
Construction teams build homes, resale proceeds → recycle. Asset sales $8.82M (2028).
Phase 3 · Expansion & Asset Growth
Capital reinvested into lodges, village, studio. Op. income positive 2029→$2.25M 2031.
Capital reinvested into lodges, village, studio. Op. income positive 2029→$2.25M 2031.
| Key metric | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|
| 🏕️ Glamping + Cottage rev | $269k | $330k | $673k | $826k | $1.23M |
| 🏡 Asset sale gains | $1.43M | $8.82M | $2.90M | $14.30M | $5.73M |
| 🎬 Studio revenue | $168k | $608k | $1.26M | $1.83M | $3.27M |
| 💰 Operating Income | ($685k) | ($136k) | $582k | $626k | $2.25M |
🏗️ Early labor capitalized (2029: $907k construction wages → asset values). Not pure expense.
🎙️ Studio & Media Infrastructure (phased)
📱 Mobile prod (2027)
🏚️ Carriage House
🎥 Lot 29 Studio
🏛️ Full Campus (2031)
| Revenue layer | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|
| Production Service | $28.5k | $278k | $691k | $880k | $1.72M |
| Facility Rental | $75.6k | $216k | $432k | $800k | $1.37M |
| Mobile Studio | $63.9k | $114k | $141k | $154k | $182k |
📈 Billable hours scale: 583 → 10,011 (2031)
🎬 2031 studio revenue mix (service + facility)
✨ Core projections based on service & facility use, not speculative media success. Network revenue = upside.
🏦 Financing Structure (Phase 1 → Phase 2)
🔹 $5M PIK facility — no early cash drain, supports full deployment.
🔸 $14M institutional loan (2029) — replaces initial capital, stabilizes long-term ops. Primary exit: refinance-based recapitalization.
🔸 $14M institutional loan (2029) — replaces initial capital, stabilizes long-term ops. Primary exit: refinance-based recapitalization.
| Debt metrics | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|
| PIK balance | $5.48M | $4.22M | $4.66M | $5.15M | $5.69M |
| $14M loan balance | — | — | $13.0M | $12.41M | $11.78M |
| Interest expense | $478k | $485k | $1.45M | $1.55M | $1.56M |
| OpIncome / Interest | -1.43x | -0.28x | 0.40x | 0.40x | 1.44x |
🛡️ Risk Positioning & Real Asset Backing
🏞️ Real assets
Land + infrastructure $50.6M total assets 2031
Land + infrastructure $50.6M total assets 2031
📊 Multiple streams
Lodging, studio, sales, events → no single point of failure
Lodging, studio, sales, events → no single point of failure
⛰️ Phased approach
Cash flow first de-risks later expansion
Cash flow first de-risks later expansion
📊 Assets vs Equity ($M) – real asset growth
📉 Debt/Equity declines → lower risk profile
👷 Labor: Capital-Generating → Operational
| Labor metric | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|
| Construction wages (capitalized) | $225k | $247k | $907k | $1.23M | $557k |
| Net labor to OpEx (after cap) | $829k | $885k | $1.42M | $1.91M | $2.36M |
| Revenue per employee | $26.7k | $48.8k | $81.5k | $82.4k | $155k |
🧱 Early labor converts into assets, not pure expense — aligns with "capital-generating" model.
📝 Modeling Note & Key Takeaway
⚠️ Modeling note: Construction costs shown as lump-sum allocations vs. phased draws. Evaluate annual totals, not monthly peaks. Actual deployment progressive.
🚀 Key Takeaway (PDF Page 4)
Not a linear project — a capital-efficient development system where cash flow, asset creation, and expansion reinforce each other. Operating income $2.25M by 2031, EBITDA $3.25M, total assets $50.6M, equity $32.5M. Platform scales through execution, not dependency.