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 |
|
|
| 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 |
|
|
| 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 |
|
|
| 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 |
|
| 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 |