The total investment required to start XXXXX is XXXXXX. This includes site purchase, site design and construction, miniature golf course design and build, equipment purchase, and working capital. A more detailed list of expenses is included in Appendix B.
The financing for the initial startup costs will come from XXXX (20%) and from commercial bank financing (SBA loan 80%). A new worth and collateral statement that will be offered by the XXXX to secure the bank financing is listed in Appendix C.
As noted previously in the Financial Information section, the projected ROI of more than 20% during each of the first three years clearly warrants this level of overall investment. Additional activities in subsequent years will be financed from operations.
(All Appendix will be a separate page)
Appendix A: Pro Forma Income Statement
Appendix B: Use of Funds Statement
Appendix C: Net Worth/Collateral Statement
Appendix D: Appraisal Opinion - XXXX Residence
Attached is a copy of an appraisal opinion generated by XXXX on the XXXX residence. As noted in Appendix C, this is a large part of the business loan collateral. The opinion is based on comparative sales data for the town of XXXX and similar types of houses that were recently sold.
Appendix E: Construction Schedule
=================> Start ===============> Completed
Preliminary Site Design
(includes :existing conditions
survey, clubhouse design,
parking layout, course
placement, septic and drainage,
lighting design, landscaping
Town of XXX Planning Board Review
Detailed Site Design
(Includes: architectural details
on clubhouse, trellis detail,
Closing on Real Estate
Rough grading and site clearing
Golf Course, batting cage, go-kart track
& bumper boat Construction
Purchase Food Service Equipment
Business Plan Operations Business Plan Executive Summary