Golf Driving Range Business Plan

Emerald Driving Range

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Company Summary

Emerald Driving Range is a new enterprise that provides state-of-the-art facilities that will accommodate golfers of all levels. There will be an on-site PGA Teaching Pro giving lessons on a daily basis. Emerald will focus on providing practice opportunities to the recreational golfer as well as the serious competitive golfer. Arrangements will be made with local schools and universities to use the facility for their golf teams' practices and golf classes. A first-class driving range is available with slots that accommodate 50 golfers at a time. Chipping greens with sand traps as well as two putting greens will be in place.

2.1 Start-up Summary

Total start-up expense (including development of facility) are shown below.  Long-term assets include a ball retrieving machine as well as other maintenance equipment. Other expenses include balls, clubs, towels, and misc. accessories. We will have a concessions area that will provide a variety of drinks and snack foods for golfers who need to take a break. The details are included in the following table.

Start-up
Requirements
Start-up Expenses
Legal $1,000
Stationery etc. $500
Brochures $1,500
Consultants $3,000
Insurance $1,000
Rent $2,000
Research and Development $40,000
Expensed Equipment $10,000
Concessions $4,000
Total Start-up Expenses $63,000
Start-up Assets
Cash Required $40,000
Other Current Assets $0
Long-term Assets $27,000
Total Assets $67,000
Total Requirements $130,000
Start-up Funding
Start-up Expenses to Fund $63,000
Start-up Assets to Fund $67,000
Total Funding Required $130,000
Assets
Non-cash Assets from Start-up $27,000
Cash Requirements from Start-up $40,000
Additional Cash Raised $0
Cash Balance on Starting Date $40,000
Total Assets $67,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Stan Walker $70,000
Fred Fast $30,000
Jim Spade $30,000
Additional Investment Requirement $0
Total Planned Investment $130,000
Loss at Start-up (Start-up Expenses) ($63,000)
Total Capital $67,000
Total Capital and Liabilities $67,000
Total Funding $130,000

2.2 Company Ownership

Emerald Driving Range will be created as a partnership with Stan Walker owning 60%, Fred Fast 20%, and Jim Spade 20%. Stan Walker will act as president, with Fred Fast and Jim Spade on the management team, handling marketing/advertising and concessions/vendors respectively.

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Start-up
Requirements
Start-up Expenses
Legal $1,000
Stationery etc. $500
Brochures $1,500
Consultants $3,000
Insurance $1,000
Rent $2,000
Research and Development $40,000
Expensed Equipment $10,000
Concessions $4,000
Total Start-up Expenses $63,000
Start-up Assets
Cash Required $40,000
Other Current Assets $0
Long-term Assets $27,000
Total Assets $67,000
Total Requirements $130,000
Start-up Funding
Start-up Expenses to Fund $63,000
Start-up Assets to Fund $67,000
Total Funding Required $130,000
Assets
Non-cash Assets from Start-up $27,000
Cash Requirements from Start-up $40,000
Additional Cash Raised $0
Cash Balance on Starting Date $40,000
Total Assets $67,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Stan Walker $70,000
Fred Fast $30,000
Jim Spade $30,000
Additional Investment Requirement $0
Total Planned Investment $130,000
Loss at Start-up (Start-up Expenses) ($63,000)
Total Capital $67,000
Total Capital and Liabilities $67,000
Total Funding $130,000