05 Mar Bowling Entertainment Center Business Plan

This plan provides investor information as well as basic business plan information that is necessary to start and maintain Kiln Creek Bowling Center. This plan describes the business growth plans, operations methods, and management of infrastructure.

Kiln Creek Bowling Corporation, also known as Kiln Creek Bowling Center, was founded in Yorktown (Virginia) under the Laws of the Commonwealth of Virginia.

Charles H. Collins Jr. and Jane W. Collins are part of the dynamic management team that is responsible for designing, building, developing and managing company policy as well as the day-to-day operations. The management team will be supported by a 50-strong team that is customer-focused and team-oriented. Kiln Creek Bowling Corporation has retained the services of a CPA company to conduct professional company audits and prepare taxes and payroll. They will also serve as business consultants to help in setting achievable long-term strategic goals.

Kiln Creek Bowling Corporation trades as Kiln Creek Bowling Center offers York County, Hampton, Newport News, and the surrounding areas quality family entertainment, products and service.

Based on the current prices in the bowling and restaurant market, Kiln Creek Bowling Center has the potential of making excellent sales the first year. With good management, a healthy annual revenue growth is expected.

Each investor will receive equity based on their investment. Topic 7.7, Ratios, provides an in-depth overview of Ratios.

Here are ways to minimize risks to Kiln Creek Lane&#8217’s success

1. 1. You must have sufficient capital to fund the construction of your business and pay for any expenses. All capital from investors will be kept in escrow until project funding is complete.

1. 1. Lower overhead costs mean higher profits. Multi-skilled personnel will be employed, and a continual training program will ensure they deliver consistent, superior service, where customer satisfaction is paramount.

1. 1. Develop a client base. An excellent location has been determined by demographics, and an aggressive marketing program by a full-time employee will ensure desired results.

1. 1. Get involved with your community to demonstrate how the company will benefit your quality life. To help civic groups achieve their financial goals, community projects will be created using the bowling centre’s facilities. For tours of the bowling centre, schools, churches, and any other group are welcome.

1. All payments will be in cash, check, or by credit card. This eliminates any need for invoices and collections.

1.1 Objectives

Kiln Creek Bowling Corporation is building a 43,000 square-foot facility in Kiln Creek, Newport News, Virginia. Service/products include 40 computerized bowling lanes, full-service family restaurant, snack bar, billiard and dart parlor, video game room, apparel shop, pro-shop and children’s nursery. A miniature golf facility will be built in the future. The project will cost $4.5million. The commercial financing will be borrowed at 9.5% for 20 years. Kiln Creek Bowling Center expects to open in September. The first year gross revenues will show a return on equity. Revenues are expected to grow at a rate above inflation.

1.2 Mission

Kiln Creek Bowling Center was established to provide residents of Hampton Roads the opportunity for family entertainment in a fun, friendly atmosphere. It will provide exceptional service and use the most technologically advanced equipment. The facility is clean and can accommodate the whole family. The restaurant will be called “The Train Station,” and its decor will depict the golden era of the railroad industry. Its family environment with casual dining will include multiple TVs. Customers have the option to choose which television station they want to hear. The design will feature both replicas and artifacts from railroad furniture. It is intended to capture the romantic time of traveling on trains and eating on board. A casual dining environment, excellent food and exceptional service will guarantee a loyal customer base.

The restaurant will also have a full-service Bar, featuring live entertainment on certain nights and Karaoke.

1.3 Keys to Success

Three keys to success for Kiln Creek is the Kiln creek Bowling Center

1. 1. Location. Strategically located, the center will maximize profits from modern-day bowlers. The center will be built on Commonwealth Drive in York County near the Regal 14 Cinema. This location is just a mile from I-64 exit 255, in Kiln Creek Shopping Complex. The complex includes Super K Department Stores, Kroger and Farm Fresh. There is also a 14-screen Regal Cinema. This location is ideal for a multi-purpose center. According to York County Planning Division’s statistical analysis of the primary market (one to five-mile radius), the location is excellent. The National Bowling Council study outlines the demographics needed for a successful bowling centre.

1. 1. Low Overhead Cost. Kiln Creek Lane’s management is committed to keeping overhead costs low. Charles Collins Jr., the project manager for the construction of the center will save approximately 15% on construction costs. His previous experience with operating bowling centers as well as his education as an industrial engineers contributes to his ability for reducing costs and streamlining operations. His staff includes the most skilled workers in the industry. This will enable many employees to do more than one job. The center will have the best equipment and the lowest energy consumption of any other center in the vicinity.

1. Wide Range of Services. Kiln Creek Bowling Center provides entertainment. This includes bowling, as well as a restaurant/nightclub, darts, billiards, arcade, snackbar, apparel/pro shop and a nursery for children. This variety will attract more customers and give them more options to relax and spend their discretionary income.