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 |
By 
