The Greek Golf Training Centers is a golf complex that will provide both members and casual users an opportunity to participate in a continuous golf training by getting expert help, without time limitations.
2.1 Company Ownership
The Greek Golf Training Centers will be a Limited Liability Corporation financed partially by direct owner investment and a long-term loan.
Dimitrios Vastarouchas and Helen Brasinika will own 25% of the company each.
The other two limited partners will own 40% and 10% respectively.
2.2 Start-up Summary
Our start-up costs are mostly equipment purchase, main building (which will be a wooden pre-fabricated building of good quality), training center construction, golf equipment for the retail store, stationery, legal costs, advertising, land rent and expenses associated with opening our first office. The start-up costs are to be financed by direct owner investment. The assumptions are shown in the following chart and table.
| Start-up Funding |
| Start-up Expenses to Fund |
$261,000 |
| Start-up Assets to Fund |
$79,000 |
| Total Funding Required |
$340,000 |
|
|
| Non-cash Assets from Start-up |
$65,000 |
| Cash Requirements from Start-up |
$14,000 |
| Additional Cash Raised |
$0 |
| Cash Balance on Starting Date |
$14,000 |
| Total Assets |
$79,000 |
|
|
|
|
|
|
| Liabilities |
|
| Current Borrowing |
$0 |
| Long-term Liabilities |
$140,000 |
| Accounts Payable (Outstanding Bills) |
$0 |
| Other Current Liabilities (interest-free) |
$0 |
| Total Liabilities |
$140,000 |
|
|
| Capital |
|
|
|
| Planned Investment |
|
| Investor 1 |
$160,000 |
| Investor 2 |
$40,000 |
| Other |
$0 |
| Additional Investment Requirement |
$0 |
| Total Planned Investment |
$200,000 |
|
|
| Loss at Start-up (Start-up Expenses) |
($261,000) |
| Total Capital |
($61,000) |
|
|
|
|
| Total Capital and Liabilities |
$79,000 |
|
|
| Total Funding |
$340,000 |
| Start-up |
|
|
| Legal |
$6,000 |
| Training center construction (pillars, nets etc) |
$50,000 |
| Garden & parking |
$5,000 |
| Training center equipment |
$40,000 |
| Furniture |
$30,000 |
| Licenses |
$10,000 |
| Land purchase |
$0 |
| Administration hardware, software & web |
$20,000 |
| Golf equipment for selling |
$40,000 |
| Advertising |
$30,000 |
| Interior designer |
$20,000 |
| Insurance |
$10,000 |
| Total Start-up Expenses |
$261,000 |
|
|
| Cash Required |
$14,000 |
| Other Current Assets |
$0 |
| Long-term Assets |
$65,000 |
| Total Assets |
$79,000 |
|
|
| Total Requirements |
$340,000 |