FINANCIAL PLAN
Building purchase is $725,000. The bleachers and indoor soccer field will be constructed by us. We have already purchased the indoor soccer field and it is in storage. The bleachers and indoor field add $50,000 to $60,000 cash to the price. There will be additional office equipment and so forth of another $10,000 to $20,000. Total cash costs should be close to $800,000 for improvements, the building, as well as the field. We're requesting a loan of $600,000. (You can request more.)

Our PITI will be about $7,000 monthly. (Pre leased tenant) will pay $2,500 of that and we will get an additional $500 from the snack bar and pro shop. $4,000 is our average mortgage payment at the other facilities and that is what this one will be.

Monthly Estimate of Expenses are based again on Denver which most closely resembles this one figuring in location, seasonal income, population base, and size of the facility.

Monthly Income Estimates most closely compare to the Denver facility. Denver did (dollar amount) last year. I estimate (your town) will not do quite as well since it is in it's first year. (Pre leased tenant) will also pay $2,500 per month giving the facility an additional yearly income of $30,000. Total incomes between the two facilities should be very close. Of course the final determination of the facility depends on common sense (which isn't very common) and work ethic. So the most important factor is if we will put the same amount of work hours into this facility that we do the other ones. We have that track record and this will be no exception.

FIRST YEAR ASSUMPTIONS
Income: Similar to Denver income numbers of about (Denver's numbers) with $30,000 of it coming from (pre leased tenant). (Your town) has a larger population base and is more centrally located than Denver close to freeway off ramps but it is still it's first year.

Expenses: Bank charges will be higher as we'll have check printing charges and set up, interest will be less (1%) and the loan amount close to the same. Legal fees a little higher first year since there are set up fees for a new corporation, telephone higher first year since it requires extra phone lines to set up sequential dialing machines, travel expenses higher in case we have to shuttle back and forth and bring in more people, utilities compared to Denver for size of the building. The weather is not as severe as Denver and the (your town) building is 12,000 feet smaller and better insulated.

Accounting and Bookkeeping: average
Advertising: same
Bank Charges: higher
Interest Expense: same
League Operating Expense: slightly lower
Property Taxes: lower
Security System: lower
Payroll: slightly lower
Insurance Costs: same
Legal Fees: higher
Office Supplies: same
Payroll Tax: slightly lower
Repairs and Maintenance: same
Telephone: higher
Travel: higher
Utilities: lower

UPDATE: Jan 2002. I understand I could have helped you more by giving you figures for the above numbers, maybe even an average for our facilities. But, we're not average and you need to spend a great deal of time thinking through what your costs are going to be before you get into the game.