This plan provides detailed investor information and includes the basic strategic business plan information necessary for initial establishment and operation of Kiln Creek Bowling Center. The plan outlines the plans for business growth, methods, procedures for operation, and infrastructure management.
Kiln Creek Bowling Corporation (Kiln Creek Bowling Center) was formed in Yorktown, Virginia, as a corporation under the Laws of the Commonwealth of Virginia.
The dynamic management team responsible for the design, building, development of company policy, and hands-on-management of the daily operations are Charles H. Collins Jr., Jane W. Collins, and Charles "Chip" Collins III. In addition, a team-oriented and customer-focused staff of 50 will support the management team. Kiln Creek Bowling Corporation will retain the services of a CPA firm to perform professional company audits, prepare taxes and payroll, and serve as a business consultant to assist in setting achievable long-range strategic goals.
Establishment of Kiln Creek Bowling Corporation trading as Kiln Creek Bowling Center provides York County, Hampton, Newport News and the surrounding area quality family entertainment, products, and services.
Based on the current prices in the bowling and restaurant market, Kiln Creek Bowling Center has the potential of making excellent sales the first year. With good management, a healthy annual revenue growth is expected.
The equity for each investor will be based on his or her investment. An in-depth look at Ratios can be found in Topic 7.7, Business Ratios.
Ways to minimize risk factors to Kiln Creek Lane's success include:
Kiln Creek Bowling Corporation will build a 43,000-square-foot building in the Kiln Creek commercial area of York County/Newport News, Virginia. Service/products include 40 computerized bowling lanes, full-service family restaurant, snack bar, billiard and dart parlor, video game room, apparel shop, pro-shop and children's nursery. In the future a miniature golf course will be added. The project will cost $4.5 million. The commercial funding will borrowed at 9.5% for a 20 year term. Kiln Creek Bowling Center anticipates opening late in September, with first year gross revenues showing a return on equity. Revenues are expected to grow at a rate above inflation.
The purpose of Kiln Creek Bowling Center is to provide the residents of the north side of Hampton Roads with family entertainment in an enjoyable, pleasant atmosphere. It will provide excellent service using the most technologically advanced bowling equipment in a clean facility, which will cater to the entire family. The restaurant will be called "The Train Station," and its decor will depict the golden era of the railroad industry. Its family environment with casual dining will include multiple TVs. Each customer has the opportunity to select which TV station he or she wants to hear. The design will incorporate both artifacts and reproductions of railroad furniture to capture the romantic era of traveling and dining on a train. The casual dining ambiance, quality of the food, and excellent service will ensure a large, loyal following of customers. The restaurant will also feature a full-service bar, with live entertainment or Karaoke on selected nights.
Kiln Creek Bowling Center has three keys to success.