McKenzie Roller Rink is a new enterprise that has taken over an existing facility and has made several improvements. The company that previously leased the building was called Roller Kingdom. The building was leased and upgraded five years ago by the owners of Roller Kingdom, however Roller Kingdom went out of business due to mismanagement. McKenzie Roller Rink has negotiated a lease with the building owners and were able to take over the business with no capital outlay. With an agressive management style and marketing plan, McKenzie Roller Rink plans to offer a unique recreational opportunity that will cater to families as well as civic organizations, schools, and church youth groups. Therefore the numbers in the start-up table reflect just basic start-up expenses, there are no business purchase expenses.
McKenzie Roller Rink is a privately-held C corporation owned in majority by president Don Jones. There are two part owners, David Barkley, our attorney; and Paul Robins, our public relations and marketing consultant. Neither owns more than 15%, but both are active participants in management decisions.
Our start-up costs come to $43,000, which is mostly building renovation and the purchase of new equipment. The start-up costs are to be financed by direct owner investment as well as our other two independent investors.