I. Executive Summary
This Section's Contents
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Business Overview
[Company Name] is a new massive indoor sports facility serving the residents of [Location]. The facility offers numerous amenities for sports enthusiasts including basketball courts, volleyball courts, and a jogging/walking track. Residents can pay drop-in rates or sign up for a membership. Teams that need to reserve our courts can do so online for a fee. The facility also offers classes in various activities that residents can sign up for and pay for online. By including all of these amenities and options, we aim to be the only indoor sports facilities that the residents of [Location] will ever need.
Products Served
[Company Name]’s indoor sports facility offers numerous courts and other amenities for residents to enjoy. Some of the amenities we provide include:
- Basketball courts
- Volleyball courts
- Racquetball courts
- Exercise rooms
- Jogging/walking track
The facility also offers classes in various activities such as yoga, tai chi, sport, dance, and martial arts. Residents can sign up and pay for these classes online.
Customer Focus
[Company Name] serves all residents who live in [Location] or the surrounding areas. Anyone who loves sports and wants to learn, practice, or play with others is welcome in our facility.
The current demographics of [Location] are below:
-
125,201 residents
- Median age of 38
- Median salary of $63,000
- 41% married
- 33% with children under 18
Management Team
[Company Name] is run by [Founder’s Name], a former professional athlete, and current coach and sports facility manager. For [X] years, he has managed a popular sports complex on the other side of the country but has been eager to open up his own facility in his hometown. His experience has provided him with in-depth knowledge of both the operations and management sides of running such a facility. Furthermore, his popularity will ensure that our business is successful and profitable.
Success Factors
[Company Name] is uniquely qualified to succeed due to the following reasons:
- [Company Name] offers far more amenities and activities than other sports facilities in the area.
- The location is central to downtown and is easy to access by foot, car, or public transportation.
- The management team has a track record of success in the sports facility industry.
Financial Highlights
[Company Name] is currently seeking $2,000,000 to launch. Specifically, these funds will be used as follows:
- Facility design/build: $1,500,000
- Equipment: $250,000
- Working capital: $250,000 to pay for marketing, salaries, and maintenance until [Company Name] reaches break-even
Top line projections over the next five years are as follows:
| Financial Summary | FY 1 | FY 2 | FY 3 | FY 4 | FY 5 |
|---|---|---|---|---|---|
| Revenue | $560,401 | $782,152 | $1,069,331 | $1,379,434 | $1,699,644 |
| Total Expenses | $328,233 | $391,429 | $552,149 | $696,577 | $776,687 |
| EBITDA | $232,168 | $390,722 | $517,182 | $682,858 | $922,956 |
| Depreciation | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 |
| EBIT | $225,168 | $383,722 | $510,182 | $675,858 | $915,956 |
| Interest | $6,016 | $5,264 | $4,512 | $3,760 | $3,008 |
| Pre Tax Income | $219,152 | $378,458 | $505,670 | $672,098 | $912,948 |
| Income Tax Expense | $76,703 | $132,460 | $176,985 | $235,234 | $319,532 |
| Net Income | $142,449 | $245,998 | $328,686 | $436,864 | $593,416 |
| Net Profit Margin | 25% | 31% | 31% | 32% | 35% |
