Business Proposal on "Analyzing Commercial Real Estate Development Plan a Sports Complex"

Business Proposal 5 pages (1625 words) Sources: 5

[EXCERPT] . . . .

The complex will have an impression of being tailored more towards the middle class. Four-day summer camps will cost $600 per child (Santo, 2007). Employees too will be paid accordingly in the camps, earning $600 for the duration. Competitor summer camps will be set up; the aim is to have four camps with almost a hundred people every summer. According to this plan, twenty camps will be organized, catering to both sexes, offering, three different sports and generating $42,000. One coach earning $600, will be assigned to ten players (Asselin, 2006).

5.2. Expenses

For the construction and a three-year management plan of the sports complex, an amount of six million is required from investors. The founders are recent college graduates with funds equivalent to only $50,000 (Santo, 2007).

5.3. Profit and Loss Projections

The estimated income in the first year is $3,290,000, with fixed yearly expenses of $309,000. Salaries will amount to $31,970. The net income after tax payments, mortgages and other such expenses will be at $78,631 for the first 27 years, $316,000 for the second year, and finally at $598,560 for the third year (Santo, 2007; Asselin, 2006).

References

Asselin, P. (2006). Supporting the Home Team... In More Ways Than One: An Analysis of the Public Financing of Philadelphia's New Sports Stadia. Rutgers Journal of Law and Urban Policy, 3, 389-415.

Coates, D. & Humphreys, B. (2003). Professional sports facilities, franchises and urban economic development. Public Finance and Management, 3(3), 335-357.

Rolnick, A. and Grunewald, R. (2007). The Economics of Early Childhood Development as Seen

by Two Fed Economists. Federal Reserve Bank of Minneapolis. Retrieved from http://www.nmecdp.org/downloads/Grunewald-EconomicsofECD.pdf on 19 April 2016

Rosentraub, M. (1997). "Stadiums and Urban Space." In R. G. Noll and A. Zimbalist (Eds.),

Sports, Jobs, and Taxes: The Economic Impact of Sports Teams and Stadiums (pp. 178-207).… READ MORE

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