The Supreme Courts

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Multi Sport Complex Business Plan

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

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