I. Executive Summary
This Section's Contents
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[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.
[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.
[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:
- Median age of 38
- Median salary of $63,000
- 41% married
- 33% with children under 18
[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.
[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.
[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|
|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 Profit Margin||25%||31%||31%||32%||35%|