Jungle Zone Paintball
Company Summary
The facility site is a ten-acre tract of wooded flat land with an old industrial building and adjacent parking lot, located in what is quickly becoming the most desirable business area of York County. This is the center of York County’s commercial development. The market for a paintball facility in York County is superior to most, due to the tremendous population growth during the past five years, the overwhelming majority of which is within ten miles of the facility. In addition, the area has Lawrence University with a student population of 15,000.
Paintball is a growing participation sport in the United States. Paintball facilities grossed over $100 million in sales last year. By far, the most significant factor to affect the paintball business in the forthcoming decade is the dramatic growth of the 16-25 year old segment of the population, which will increase by 54%. This age group represents the prime segment of the population that joins paintball leagues, and that means bottom-line profit for the facility will increase. The facility will be the most modern in southern Washington.
2.1 Company Ownership
Jungle Zone Paintball is owned by John Martin, William Johnson, Robert Johnson, Wendy Martin and Larry Priest.
2.2 Start-up Summary
During the start-up phase of this project, the following major events will occur, some of them simultaneously:
- Obtain $250,000 investment.
- Obtain $150,000 SBA loan.
- Obtain all required permits.
- Lease the facility site.
- Order paintball equipment (short-term assets).
- Start building center/leasehold improvements (this on two-month timeline).
- Facility furniture and equipment (long-term assets).
- Hire key personnel.
- Start development of leagues.
- Finalize operating procedures.
- Intensify marketing campaign.
- Hire remaining staff.
- Train staff.
- Order inventory.
- Open for business.
| Start-up Funding | |
| Start-up Expenses to Fund | $79,200 |
| Start-up Assets to Fund | $320,800 |
| Total Funding Required | $400,000 |
| Assets | |
| Non-cash Assets from Start-up | $152,000 |
| Cash Requirements from Start-up | $168,800 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $168,800 |
| Total Assets | $320,800 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $150,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $150,000 |
| Capital | |
| Planned Investment | |
| Investor 1 | $50,000 |
| Investor 2 | $50,000 |
| Investor 3 | $50,000 |
| Investor 4 | $50,000 |
| Investor 5 | $50,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $250,000 |
| Loss at Start-up (Start-up Expenses) | ($79,200) |
| Total Capital | $170,800 |
| Total Capital and Liabilities | $320,800 |
| Total Funding | $400,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Stationery etc. | $200 |
| Brochures | $500 |
| Permits | $3,000 |
| Insurance | $1,000 |
| Lease | $6,000 |
| Rehab Indoor/Outdoor Field Surfaces | $10,000 |
| Building Lighting/AC | $3,000 |
| Cash Reserves for Hiring | $50,000 |
| Snackbar Setup | $5,000 |
| Total Start-up Expenses | $79,200 |
| Start-up Assets | |
| Cash Required | $168,800 |
| Start-up Inventory | $9,000 |
| Other Current Assets | $15,000 |
| Long-term Assets | $128,000 |
| Total Assets | $320,800 |
| Total Requirements | $400,000 |
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