The Spot

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Nightclub Business Plan

Company Summary

The key elements of The Spot are:

  1. Focus on attracting college-age women. The company will focus on design and musical themes that have mass appeal to college-age women.
  2. Location. One of the major advantages that the Spot will have over its competition will be its location next to the university campus.
  3. Exceptional service. In order to reach and maintain a unique image of quality, the Spot will provide attentive and friendly service.

2.1 Start-up Summary

The Spot has three owners, Robert Shaw, Jill Morse, and Sheila Thompson, who will each invest $70,000. 

Start-up Funding
Start-up Expenses to Fund $112,500
Start-up Assets to Fund $97,500
Total Funding Required $210,000
Assets
Non-cash Assets from Start-up $20,000
Cash Requirements from Start-up $77,500
Additional Cash Raised $0
Cash Balance on Starting Date $77,500
Total Assets $97,500
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
Robert Shaw $70,000
Jill Morse $70,000
Sheila Thompson $70,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $210,000
Loss at Start-up (Start-up Expenses) ($112,500)
Total Capital $97,500
Total Capital and Liabilities $97,500
Total Funding $210,000
Start-up
Requirements
Start-up Expenses
Legal $2,000
Stationery etc. $500
Consultants $0
Insurance $1,000
Rent $4,000
Research and Development $0
Interior Refit $30,000
Expensed Equipment $20,000
Air Cond. Upgrade $5,000
Audio/Lighting $10,000
Bar Equipment/Supply $10,000
Fees and Permits $7,000
Bathroom Upgrades $5,000
Initial Marketing $3,000
Opening Salaries Deposits $15,000
Other $0
Total Start-up Expenses $112,500
Start-up Assets
Cash Required $77,500
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $20,000
Total Assets $97,500
Total Requirements $210,000

2.2 Company Ownership

The Spot has three owners, Robert Shaw, Jill Morse, and Sheila Thompson.

Robert Shaw has a BS in business administration from State University. He successfully managed three bars over the past 10 years.  He is currently in his fifth year as manager of Tom's Landing, the most popular bar in the university area.

Jill Morse holds a BA in marketing. She has held a marketing positions with Nike and Sony before starting the Olympus nightclub with Sheila Thompson in 1996. 

Sheila Thompson has a BS in business administration. Before co-owning the Olympus, Sheila managed two successful nightclubs, the Arena and the Power Plant, over a 10 year period.