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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.

Golf course training center business plan, company summary chart image

Start-up Funding
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
Total Assets $79,000
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $140,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $140,000
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 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