Bowling Entertainment Center Business Plan

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This plan includes detailed information about investors as well as the information needed to create and run Kiln Creek Bowling Center. The plan includes details about the business’ growth, management methods, operating procedures, and infrastructure management.

Kiln Creek Bowling Corporation (Kiln Creek Bowling Center), was established in Yorktown, Virginia as a corporation pursuant to the Laws of the Commonwealth of Virginia.

Charles H. Collins Jr. Jane W. Collins and Charles &#8220:Chip Collins III form the dynamic management team responsible in the design, construction, development and implementation of company policy. They also manage the day to day operations. The management team is supported by 50 employees who are 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.

Kiln Creek bowling center is expected to have excellent sales for its first year due to the current prices of the restaurant and the bowling market. With good management, a healthy annual revenue growth is expected.

Each investor’s equity is determined by his or her investment. Topic 7.7 Business Ratios gives a more detailed explanation of Ratios.

To ensure Kiln Creek Lane’s continued success, there are many ways to reduce the risk factors:

1. 1. Obtain sufficient capital to build and cover expenses of initial operation. All investor capital will remain in escrow till the project is fully funded.

1. 1. Low overhead costs will increase the bottom line profit. They will employ multi-skilled staff, and will undergo continuous training to ensure that they provide superior customer service.

1. 1. Establish a loyal customer base. A great location can be determined using demographics. An aggressive marketing program, executed by a full time employee, will bring about desired results.

1. 1. Demonstrate how the business will enhance your quality of life by engaging with the community. In order to assist civic groups in reaching their financial goals, the bowling center will host community projects. For tours of the bowling centre, schools, churches, and any other group are welcome.

1. All payments can be made cash, check, and credit card.

1.1 Objectives

Kiln Creek Bowling Corporation is building a 43,000 square-foot facility in Kiln Creek, Newport News, Virginia. The service/products include 40 computerized lanes for bowling, a full-service family restaurant and snack bar, as well a video game room and apparel shop. A miniature golf course will soon be added. The project will cost $4.5 Million. The commercial financing will be borrowed at 9.5% for 20 years. Kiln Creek Bowling Center will open its doors in September. In the first year, gross revenues are expected to be positive. Revenues will grow at a rate higher than inflation.

1.2 Mission

Kiln Creek Bowling Center’s purpose is to offer family entertainment in a pleasant, enjoyable atmosphere for residents on the north side Hampton Roads. 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. The casual environment will feature 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. You will enjoy a casual dining experience, great food, and great service.

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

1.3 Keys to Success

Kiln Creek Bowling Center has three keys to success.

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 located just half a mile from I-64 exit 255, in Kiln Creek Shopping Complex. This location is ideal for a multi-purpose center. According to York County Planning Division’s statistics of the primary markets (one to five mi radius), this location is excellent.

1. 1. Low Overhead Cost. Kiln Creek Lane’s management is committed to keeping overhead costs low. Charles Collins Jr. will act as the project manager while construction is underway, which will help to save around 15%. His extensive experience in operating bowling centers and his education as an industrial engineer contribute to his ability streamline operations and minimize unnecessary expenses. Many of his key employees will be able to perform more than one task by employing the best of the field. The center will have the most energy-efficient equipment of any center in the area.

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 will increase the number of customers, as well as give them more opportunities to spend their income and have fun.

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