The Supreme Courts, A Full-Service Multisport Complex In Henderson, Nevada

Submitted By Vũ-TuanMinh
Words: 867
Pages: 4
Open Document
DATE: October 1, 2010

TO: Professor

FROM: Student

SUBJECT: Business Plan Recommendation

I will present information regarding the possibility of investing our money in The Supreme Courts, a full-service multisport complex in Henderson, Nevada. The report will discuss the facility's mission, objectives, market analysis, and the start-up requirements. It then evaluates the organization, format, and writing style along with strengths and weaknesses of the company's business plan.

Company Mission

Situated along Boulder Highway in the Las Vegas Valley, The Supreme Courts is a multisport and fitness complex designed to be used by residents of Henderson and the surrounding areas. Because there are currently no other sports facilities like this within 100 miles, I believe there are great possibilities for success. The mission for the complex would be to provide the best programs, staff, and equipment to fully meet the various sports and fitness needs of the members while generating a profit. Also, The Supreme Courts strives to support and sponsor community events, as well as host them whenever possible.

Objectives

The main objectives for The Supreme Courts are as follows:

1. Sell 800 memberships in year one, 1,200 by the end of year two, and 1,600 by the end of year three.

2. Organize and develop various sports leagues and market them effectively to fill capacity. (seven leagues running twice a year with 8-12 teams per league)

3. Sponsor and/or support four community events in the first year of operation.

4. Show at least a 5% return to investors in the first year of operation.

Made up of a strong marketing team with the goal of making The Supreme Courts a common name in the Las Vegas Valley, I foresee the complex having no problem reaching its year one goal of 800 memberships. Furthermore, with the complex's solid dedication to the community they may want to consider increasing the yearly goal of 1,600 memberships by end of year three to 2,000 memberships. By creating an unmatched "cool" atmosphere that people can enjoy through the use of first class equipment, floors, colors, and big screen TVs, I believe people will want to frequent the facility often. Thus the complex's ability to retain members will be enhanced creating more revenue. Start-up Requirements

The start-up requirements come to $2,500,000, broken up into $336,500 is assumed capital, $1,250,000 coming from long term (20 year) bank loan, and the remainder from investors. Costs include the land, building, all development costs, equipment, and start-up capital.
After researching the average start-up costs for this industry, these figures including interest rates and tax rates are based on conservative assumptions. This includes important underlying assumptions such as the risk of a major recession in the near future.

Market Analysis

Over the past 10 years, memberships at health clubs rose from 20.7 million to 30.6 million. This trend is projected to continue over the next 10 years. Not only that, but frequent users of fitness clubs soared by 84% during the same time period. From recent surveys of over 360 fitness clubs, the eight most profitable programs for fitness centers were identified. The Supreme Courts offers six of these eight, including the top three. Due to the market demand for fitness clubs in Henderson, this is an ideal opportunity for our investment group to benefit from future profits in this facilities bright future.

Business Plan Analysis

Overall I believe that The Supreme Court provided an organized, well
Show More

Related Documents: The Supreme Courts, A Full-Service Multisport Complex In Henderson, Nevada

Essay on Macbeth: Hammerhead Shark and Great Hammerhead

other sharks, skates, guitarfish, cownose and eagle rays. The shark feeds mostly at dusk. The great hammerhead is the largest of the nine identified species of this shark. It can grow up to 20 feet in length and weigh up to 1,000 pounds (450 kg).The smaller sizes are more common. Found in temperate and tropical waters worldwide, far offshore and near shorelines, hammerheads are often seen in mass summer migrations seeking cooler water. The great hammerhead is found in tropical and sub-tropical…

Words 641 - Pages 3

Tiger Sharks Research Paper

reported human attacks. This shows that human and tiger shark encounters are often very deadly, but these fish are not always the culprit. Due to the high amount of vitamin A in their fins, flesh, and skin, tiger sharks are highly demanded in the sea poaching community (skerry). Sometimes they will be captured then have their fins removed and then returned back into the water to die. So although tiger sharks do kill humans, humans kill them at much higher quantities. Tiger sharks, like most others, do hunt…

Words 1321 - Pages 6

Debt and Trade Credit Essay

PART 3A ACCRUALS ACCRUALS • Are accruals a source of funds or a use of funds? Is this source spontaneous? Why? - source; spontaneous • What are the two major categories of accruals? - accrued wages & accrued taxes • From management’s standpoint, what is the one disadvantage to accruals as a source of funds? - cannot be managed • If the average quarterly tax payment is $40,000 and biweekly wage payments are $91,250, what is the average amount of funding received through these two accrual accounts…

Words 1628 - Pages 7

Hammerhead Research Paper

in a specific environment. The following discussion will include the general life of the hammerhead, the anatomy of the hammerhead, and the future of the hammerhead. The General Life of a Hammerhead How it all started Sharks have existed for about 450 million years, outliving almost all types of animals (Davis, Josh). Hammerheads date back only 23 million years and are thought to be the youngest shark group to have evolved so far. There are at least eight different species of…

Words 735 - Pages 3

Sharks Are Important Essay

deaths because of sharks and because another different things, we are going to realize that the number of victims is just a little bit in compare with, for example: In Africa 2800 people are killed by hippos every year. Also, 450 people are killed by falling out of the bed in United States every year. In Russia, icicles kill a hundred people per year. Just one last example, autoerotic asphyxiation kills 600 people annually. This numbers reflect…

Words 1473 - Pages 6

Essay about formative assessment

International Financial Accounting Session 5 objectives By the end of this session you should: Understand the importance of cash Be able to explain the reasons why ‘profit’ does not equal ‘cash generated’ Be able to prepare and interpret a cash flow statement Be aware of why cash flow reporting was introduced Understand the key issues regarding cash and working capital management READING: Melville CHAPTER 16 W&A CHAPTER 10 Stuart Cooper 1 What are cash and cash equivalents?…

Words 1858 - Pages 8

Essay about value chain analysis

ACCG 923 Accounting Standards and Practice Cash flow statements (Homework) Chapter Fourteen Review Questions 1. What are the purposes of the statement of cash flows? The purpose of a statement of cash flows is to provide information about the historical changes to an entity’s cash and cash equivalents. It is designed to provide users of GPFRs to assess the ability of the entity to generate cash and the needs of the entity to use cash. According to paragraphs 4-5 of the standard AASB…

Words 2157 - Pages 9

Williams, 2002 Case Study Essay

Fin. 5312—100 Corporate Finance Professor Megginson February 17, 2013 ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Case 2: Williams, 2002 ------------------------------------------------- Introduction In 2001, the Tulsa, Oklahoma, Williams Company was in financial distress. The primarily energy-industry company was struggling with a shrinking energy trading market, which was…

Words 1926 - Pages 8

Economic Development Essay

Fairmont Hotels & Resorts: Green Partnership Program The Fairmont Green Partnership program began in 1991 and since then has been the leader in global hospitality and commits to world-class greenhouse gas reduction targets. The Fairmont Green Partnership program has expanded throughout Fairmont’s worldwide business partnerships. The Fairmont hotels and resorts have continued to grow this program in 44 diverse resorts around the globe and numerous destinations across 8 countries. Fairmont employees…

Words 3598 - Pages 15

What Is Little Angels 24 Hour Daycare

Little Angels 24-hour Daycare Louann Barnes FIN/375 March 9, 2015 Louie Moon Little Angels 24-Hour Daycare This is a prospectus for the Daycare Little Angels, which will have 24 hour services for children ages 2 months old to age 13.We will serve the need of parents for quality care of the children while they work. The daycare motto is little bits of love go a long, long way, by supplying safe and caring personal attention. Table of contents 1. Description of Venture 2. Development Concept 3. Management…

Words 1653 - Pages 7