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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 |