Bowling Center Business Plan

Bowl Weevil

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Company Summary

Bowl Weevil is a classic bowling alley owned by Sally Strike. Bowl Weevil specializes in league bowling and parties - a fun filled environment for the entire family. Bowl Weevil will be located in the old Miller building, where the vintage 1920's charm will help to create an ambience of nostalgic fun.

2.1 Company Ownership

Bowl Weevil is a C Corporation owned by Sally Strike. It is incorporated in the state of Kentucky, and operates in King County.

2.2 Start-up Summary

Bowl Weevil's start-up costs will include all equipment needed for the bowling alley, the restaurant, inventory and daily bank to cover the total winnings of all pull-tabs.

The bowling alley lanes and restaurant equipment will be the largest chunk of the start-up expenses. These long-term assets include 16 hardwood bowling lanes, 180 pins, 8 electronic scoring terminals, a commercial range and oven, a walk-in refrigerator, video games, pull tab equipment, a sink and dishwasher.

Start-up expenses will include rent during renovation (one month's deposit and three month's rent), construction costs of the renovation, and advertising. During the start-up period, we will use both television ads and fliers. We will also place an ad in the Yellow Pages, but this will not be available to potential clients until June, when the new phone book is delivered.

Start-up
Requirements
Start-up Expenses
Legal Costs $500
Consulting $500
Construction $20,000
Advertising $3,000
Rent during renovation $40,000
Total Start-up Expenses $64,000
Start-up Assets
Cash Required $40,000
Start-up Inventory $7,000
Other Current Assets $35,000
Long-term Assets $77,900
Total Assets $159,900
Total Requirements $223,900
Start-up Funding
Start-up Expenses to Fund $64,000
Start-up Assets to Fund $159,900
Total Funding Required $223,900
Assets
Non-cash Assets from Start-up $119,900
Cash Requirements from Start-up $40,000
Additional Cash Raised $0
Cash Balance on Starting Date $40,000
Total Assets $159,900
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $163,900
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $163,900
Capital
Planned Investment
Owner $60,000
Investor $0
Additional Investment Requirement $0
Total Planned Investment $60,000
Loss at Start-up (Start-up Expenses) ($64,000)
Total Capital ($4,000)
Total Capital and Liabilities $159,900
Total Funding $223,900
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