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Greek Golf Training Center
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 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|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$200,000|
|Loss at Start-up (Start-up Expenses)||($261,000)|
|Total Capital and Liabilities||$79,000|
|Training center construction (pillars, nets etc)||$50,000|
|Garden & parking||$5,000|
|Training center equipment||$40,000|
|Administration hardware, software & web||$20,000|
|Golf equipment for selling||$40,000|
|Total Start-up Expenses||$261,000|
|Other Current Assets||$0|