Greek Golf Training Center
Company Summary
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 Funding | |
Start-up Expenses to Fund | $261,000 |
Start-up Assets to Fund | $79,000 |
Total Funding Required | $340,000 |
Assets | |
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 |
Total Assets | $79,000 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $140,000 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $140,000 |
Capital | |
Planned Investment | |
Investor 1 | $160,000 |
Investor 2 | $40,000 |
Other | $0 |
Additional Investment Requirement | $0 |
Total Planned Investment | $200,000 |
Loss at Start-up (Start-up Expenses) | ($261,000) |
Total Capital | ($61,000) |
Total Capital and Liabilities | $79,000 |
Total Funding | $340,000 |
Start-up | |
Requirements | |
Start-up Expenses | |
Legal | $6,000 |
Training center construction (pillars, nets etc) | $50,000 |
Garden & parking | $5,000 |
Training center equipment | $40,000 |
Furniture | $30,000 |
Licenses | $10,000 |
Land purchase | $0 |
Administration hardware, software & web | $20,000 |
Golf equipment for selling | $40,000 |
Advertising | $30,000 |
Interior designer | $20,000 |
Insurance | $10,000 |
Total Start-up Expenses | $261,000 |
Start-up Assets | |
Cash Required | $14,000 |
Other Current Assets | $0 |
Long-term Assets | $65,000 |
Total Assets | $79,000 |
Total Requirements | $340,000 |