Great Plains Holdings has successfully
executed a strategy that will reduce its operating cost, increase its revenue,
and keep its debt level at zero.
In April 2014, Great Plains reported that its
Ashland Holdings subsidiary had completed the renovation of its head office in
Wildwood, Florida, and several days ahead of schedule.
Ashland Holdings finished the first phase of
the renovation February. The entire project encompassed two recently acquired,
neighboring parcels of land. The first piece of land measures approximately 0.9
acres of land and contains one 1,400-square-foot corporate office building
while the second parcel of land contains a manufactured home. Great Plains’
always intended to occupy one or more of the five office spaces in the
corporate office building and to lease the rest of the vacant offices to
generate revenue.
When Ashland completed the first phase of the
plan, it did so productively and under budget. It also reported that the first
tenant lease had been executed and that tenant had moved in. The second phase
of the project is what was completed in April 2014 and allowed for additional
leases and cash flow for Ashland Holdings, which perfectly aligned with Great
Plains’ overarching goal to keep its debt low while increasing its income
streams over the next year.
The renovation will reduce Great Plains’
operating costs and alleviate the company’s LiL Marc subsidiary of its annual warehouse
leasing expense of $12,000. Great Plains plans to lease three of the office
spaces inside the building to increase annual revenues by a projected gross of
$18,000.
Management is quite pleased with the
renovations to the company’s headquarters, the cost savings expected from this
project, and the rapid pace of this expansion strategy. Ashland Holdings has
certainly demonstrated its ability to effectively establish and execute a
progressive action plan.
For more information, visit the company’s website
at www.gtph.com
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