The Skate Zone
Company Summary
Legal Business Description
The Skate Zone was founded in May 1998 in Miami, Florida by Mr. James Dunn, President and CEO. The Skate Zone is a Florida corporation with principal offices located in Miami.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Stationery etc. | $100 |
| Brochures | $250 |
| Insurance | $3,000 |
| Equipment | $9,000 |
| Total Start-up Expenses | $12,850 |
| Start-up Assets | |
| Cash Required | $45,000 |
| Start-up Inventory | $5,000 |
| Other Current Assets | $0 |
| Long-term Assets | $405,000 |
| Total Assets | $455,000 |
| Total Requirements | $467,850 |
| Start-up Funding | |
| Start-up Expenses to Fund | $12,850 |
| Start-up Assets to Fund | $455,000 |
| Total Funding Required | $467,850 |
| Assets | |
| Non-cash Assets from Start-up | $410,000 |
| Cash Requirements from Start-up | $45,000 |
| Additional Cash Raised | $3,000 |
| Cash Balance on Starting Date | $48,000 |
| Total Assets | $458,000 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $350,000 |
| Accounts Payable (Outstanding Bills) | $3,850 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $353,850 |
| Capital | |
| Planned Investment | |
| Owner | $117,000 |
| Investor | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $117,000 |
| Loss at Start-up (Start-up Expenses) | ($12,850) |
| Total Capital | $104,150 |
| Total Capital and Liabilities | $458,000 |
| Total Funding | $470,850 |
Mission
The mission of The Skate Zone is to promote the sport of hockey and make it available to all.
The facility will allow persons to be involved in competitive games for the purpose of encouraging sports etiquette and providing an environment that will induce health in mind, body, and spirit. The company’s plan is to build a foundation for both kids and adults that will promote inner strength and encourage them to be beneficial as they mature.
Objectives
The Skate Zone strategy is to bring the first professional service for inline roller hockey to Miami. The company’s goal in the next year is allocate funding for start-up, complete building project, initialize league programs, procure inventory, and concession catering. The company’s goal in the next 2-5 years is acquire additional programs to implement knowledge of hockey (i.e. summer programs to include hockey camps, all-day leagues, etc.) and to procure inventory for a Pro Shop. With the growth of the market in Miami, the company plans to expand by building facilities in both the north and east sides of the city.
Strategic Alliances
The company has strategic alliances with Industrial Construction, In-line Hockey, the city of Miami, Dr. Pepper, and Ice Providers. These alliances are valuable to The Skate Zone for the development and construction of a professional facility for amateur inline hockey.
The Skate Zone intends to form a strategic alliance with USA Hockey Inlineä, a program established in 1936-37 to promote safe competitive hockey through knowledge of rules and regulations.
Value Proposition
The Skate Zone’s products and services offer the following advantages to customers.
- Hockey league
- Concession
- Pro Shop
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