Kid's Community College
Kid’s Community College® – Lake St. Charles Campus will be located in Riverview, FL. The College will employ six fundamentals that will serve as the driving force for the services offered:
- Premier Care Giving Services
- An Activity Based, Children Structured Collegiate Curriculum
- Advanced Technology and Developmental Programs
- Trademarked General and “Continuing” Education Mentoring and Tutoring
- Learning Services
- Community Advancement and Involvement
The Lake St. Charles campus is a newly constructed, 3,600 square foot facility in the Lake St. Charles Medical Plaza and will be developed meeting strict KCC design standards, under close supervision of Hillsborough County child care Licensing.
The college founder and president, Mr. Kilpatrick, will oversee fiscal responsibility, employing an independent CPA for financial oversight. A Campus Director will be hired to handle day-to-day operations of the facility and will work collaboratively with the silent partners and other campus personnel to ensure a successful business venture.
As reflected in the table below, the estimated start-up costs for KCC will be $39,450. These costs will be financed solely by the owners’ personal cash funds and optional credit lines. An anticipated $60,000 SBA guaranteed 5-year loan will be used as working capital. Future expansion, growth and franchising strategy will be self-financed.
|Total Start-up Expenses||$39,450|
|Other Current Assets||$14,130|
|Start-up Expenses to Fund||$39,450|
|Start-up Assets to Fund||$79,680|
|Total Funding Required||$119,130|
|Non-cash Assets from Start-up||$14,130|
|Cash Requirements from Start-up||$65,550|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$65,550|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Owner – Kilpatrick Cash||$45,000|
|Owner – Kilpatrick Credit Line||$12,500|
|Other Assets Invested||$1,630|
|Additional Investment Requirement||$0|
|Total Planned Investment||$59,130|
|Loss at Start-up (Start-up Expenses)||($39,450)|
|Total Capital and Liabilities||$79,680|
Company Locations and Facilities
Kid’s Community College® will begin with one location – a newly constructed 3,600 square foot campus in Riverview, FL located near the entrance of the upscale Lake St. Charles subdivision. The campus is in the Lake St. Charles Medical Professional center and will boast separate halls for arts and crafts, theatre and dance, information technology, library and quiet study, tutoring, infant care and a cafeteria. The play area will be adjacent to the campus and will be securely fenced and furnished with appropriate playground equipment and facilities.
Three additional campuses are planned in the rural Tampa marketplace over the next four years. Franchise start-ups will be offered in the Orlando, Miami and Jacksonville marketplace after 2 years of successful operation.
Kid’s Community College® is a privately-held proprietorship owned in majority by its founder and president, Timothy Bernard Kilpatrick, Sr. There are also two silent partners, neither of whom owns more than 10%, but will be active participants in daily operations, management decisions and consulting, though they do not own a financial stake in the company.
Once the operation reaches its anticipated growth and profitability goals, the college plans to franchise and will re-register as a limited liability company or as a corporation, whichever will better suit the future business needs.