The Supreme Courts
Company Summary
The Supreme Courts is a new multisport complex that will provide both members and casual users an opportunity to participate in a variety of sports and leisure programs and activities.
2.1 Company Ownership
The Supreme Courts will be a Limited Partnership C corporation that will be privately owned. Brian Ehlert and Rich Bohne will own 26% of the company each, while 12 other limited partners will each own 4%.
2.2 Start-up Summary
Our start-up requirements come to $2,500,000. Included in these costs is the land, building, all development costs, equipment, and start-up capital. The assumptions are shown in the following table and chart.

Start-up | |
Requirements | |
Start-up Expenses | |
Legal | $30,000 |
Air Structure | $415,000 |
Hardwood Floors | $160,000 |
Basketball Rims, Stands… | $55,000 |
Exercise Equipment and Misc. | $150,000 |
Stucco | $8,000 |
Block Fence | $90,000 |
Concrete Footings and Slab | $185,000 |
Site Preparation | $20,000 |
Consultants | $3,500 |
Mechanical | $25,000 |
Second Floor Development and Offices | $210,000 |
Office Equipment | $65,000 |
Paving and Landscaping | $112,000 |
Management Fee | $100,000 |
Promotional Costs | $40,000 |
Design Fees | $30,000 |
Land | $465,000 |
Total Start-up Expenses | $2,163,500 |
Start-up Assets | |
Cash Required | $336,500 |
Start-up Inventory | $0 |
Other Current Assets | $0 |
Long-term Assets | $0 |
Total Assets | $336,500 |
Total Requirements | $2,500,000 |
Start-up Funding | |
Start-up Expenses to Fund | $2,163,500 |
Start-up Assets to Fund | $336,500 |
Total Funding Required | $2,500,000 |
Assets | |
Non-cash Assets from Start-up | $0 |
Cash Requirements from Start-up | $336,500 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $336,500 |
Total Assets | $336,500 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $1,250,000 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $1,250,000 |
Capital | |
Planned Investment | |
Investor 1 | $100,000 |
Investor 2 | $100,000 |
Investor 3 | $100,000 |
Investor 4 | $100,000 |
Investor 5 | $100,000 |
Investor 6 | $100,000 |
Investor 7 | $100,000 |
Investor 8 | $100,000 |
Other | $450,000 |
Additional Investment Requirement | $0 |
Total Planned Investment | $1,250,000 |
Loss at Start-up (Start-up Expenses) | ($2,163,500) |
Total Capital | ($913,500) |
Total Capital and Liabilities | $336,500 |
Total Funding | $2,500,000 |