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