Start-up Billiards and Sports Bar Help with Capitol

[Landshark12000]

I'm having trouble finding start-up business loans. Most sites request you pay them for something before they will even post for you.
I've attached my Executive Summary from my business plan and start-up capitol. Please review and give me advise on how to better sell!
Landshark’s Billiards and Sports Bar, LLC will be a for-profit Limited Liability Company. Founded by, my family and myself. It will be a family business with investors whom will be provided a great return on their money. I see this could easily turn out to be a franchise with-in a few years with locations, in Amarillo, Midland, Abilene, Lubbock, and other Texas cities.
I’m planning to market to consumers whom would be adult’s ages 25 to 54 both males and females which is a large percentage of consumers in Amarillo, Texas. By offering ½ price on pool to major companies in Amarillo, Texas along with passing the word to other league members whom I play pool with on a weekly basis, and advertising. Our sell so food, liquor, and billiards rentals in a family atmosphere will be a plus to those not willing to enter other establishments of this type in town.
Landshark’s will have the only indoor golf simulator in town with more than 30 courses to play. Just bring your foursome, their golf clubs and tee it up while the snow is on the ground. This will be an added plus during the five months of bad whether we get in Amarillo. With the number of golfers in Amarillo, Texas and knowing a great deal of them tee times will be filled all day long.
Not only can I generate substantial profits, but the payment terms are also great: CASH. I can have additional income by selling monthly memberships to those individuals who like playing pool for hours at a time. Also, by playing in and being part of the local and state leagues with Amarillo and Texas. There are currently a couple of major leagues which a plan to franchise and start. Currently there are several teams and leagues played in Amarillo, and I plan on making a good profit off of them. Currently pool table rental rates are $4 to $10 per hour for eight-ball tables. With a mere fifteen pool tables I will produce as much as $200,000 per year in business net profits. Right now the league I play in rents tables for the playoffs in March. This year they are looking at Fast Eddie’s. Most don’t want to use Fast Eddie’s because; they are not members of our league. I would be and would have enough tables to host this annual event along with others.
Landshark’s will also, provide a private room for groups who would like to play pool and relax with out the crowd.
After serving as a general manager for country club’s over the last 25 years and serving in the hospitality industry for over 32 years and making money for other companies I ‘m looking forward in making money for my investors and my household. This business adventure will soon do more than excepted.
The investors would have a buy-out opportunity after the third year in business. They would receive 20% return on their investment over two and a half years and full pay back during the third year.
Start-Up Capital Estimate Landshark's Billiards and Sports Bar Jan 7, 2008

Monthly Costs Monthly Expenses Cash Needed to Start % of Total Source of Estimate

Salary of owner-manager $5,000 15,000 4.2%
All other salaries and wages 3,000 9,000 2.5%
Rent
Advertising 400 1,200 0.3%
Delivery expense 0
Supplies 600 1,800 0.5%
Telephone 250 750 0.2%
Other utilities 3,500 10,500 2.9%
Insurance 2,000 6,000 1.7%
Taxes, including social security
Computer and software equipment 200 600 0.2%
Postage and mailings 250 750 0.2%
Interest and payments to investors 2,500 7,500 2.1%
Maintenance 500 1,500 0.4%
Trash Removal 100 300 0.1%
Legal and other professional fees 250 750 0.2%
Miscellaneous 250 750 0.2%
Subtotal $56,400 15.8%
One-Time Costs Cash Needed to Start % of Total Source of Estimate

Pool Tables $48,000 13.5%
Sticks and misc. $4,980 1.4%
Lighting $8,000 2.2%
TV'S and equipment $23,750 6.7%
Video games $8,000 2.2%
Darts $400 0.1%
Decorating and remodeling $15,000 4.2%
Euipment and coolers $25,000 7.0%
Security System $1,500 0.4%
Starting inventory food and liquor $11,000 3.1%
Deposits with public utilities $2,000 0.6%
Legal and other professional fees $2,500 0.7%
Licenses and permits $3,000 0.8%
Golf Simulator $40,000 11.2%
Advertising and promotion for opening $5,000 1.4%
Re-model building $79,000 22.2%
POS with Software $2,500 0.7%
Cash $500 0.1%
Miscellaneous $20,000 5.6%
Subtotal $300,130 84.2%
Total Estimated Start-Up Capital $356,530 100%

This capitol is on a spreadsheet.
I've also, got 5 year cash flow and P&L.

[BusinessAdviser]

Thoughts:

LLC stands for Limited Liability Company, not Corporation. (I am not insulting your intelligence, just helping you correct an error that could otherwise cause a potential investor to question your knowledge.)

"...with a 5 investors whom will be provided a great return on their money." This apparent guarantee of ROI would raise a red flag to me as a potential investor. Experienced businesspeople know better than to make such guarantees. Don't guarantee anything unless you can back it up.

If you narrow your target market down more than just to adults aged 25-54, you'll begin to really define your business and strategy more effectively.

(Just an aside, I had no idea that Amarillo, TX gets snow. But, I guess, why would I?!)

You know, before I go much further, let me throw an idea at you:

Don't try to be something to everything; try to be something GREAT to some people.

This popped into my head as I saw you trying to target die-hard golfers and pool hall regulars alike. These don't have much overlap. See where I'm starting to go with this?

[Landshark12000]

Thank You JMENQ2

[BusinessAdviser]

You're welcome. Glad I could help, and feel free to holler anytime.

[pool room owner]

I have basically the same set up now as this man wants to open.... pool and golf do overlap! More pool players play golf then you can possibly imagine!

Although I do have the two separated because as you can imagine most golfers are in a higher tax bracket then regular pool players. Hate to say it but the golfers don't want to bring their clubs in and see.... well a pool room. They just don't feel comfortable. Google ParMasters and see what a real indoor golf facility looks like. This is really what golfers would like I believe. No, I don't own one lol. Good luck with this!!

[sachinator]

Hi Landshark...I just came across your thread. Were you able to start up your business successfully? Since I have been laid off for 6 months, I've been thinking about business. I have the exact same idea as yours for New Jersey..I'm an active APA pool player and a sports and beer lover. I've been thinking about this idea for the last couple of months and am in the process of creating my business plan. I would love an oppurtiunity to chat with you if you have some time. You could reach me at 201-638-4700. ANy help is appreciated.

I'm having trouble finding start-up business loans. Most sites request you pay them for something before they will even post for you.
I've attached my Executive Summary from my business plan and start-up capitol. Please review and give me advise on how to better sell!
Landshark’s Billiards and Sports Bar, LLC will be a for-profit Limited Liability Company. Founded by, my family and myself. It will be a family business with investors whom will be provided a great return on their money. I see this could easily turn out to be a franchise with-in a few years with locations, in Amarillo, Midland, Abilene, Lubbock, and other Texas cities.
I’m planning to market to consumers whom would be adult’s ages 25 to 54 both males and females which is a large percentage of consumers in Amarillo, Texas. By offering ½ price on pool to major companies in Amarillo, Texas along with passing the word to other league members whom I play pool with on a weekly basis, and advertising. Our sell so food, liquor, and billiards rentals in a family atmosphere will be a plus to those not willing to enter other establishments of this type in town.
Landshark’s will have the only indoor golf simulator in town with more than 30 courses to play. Just bring your foursome, their golf clubs and tee it up while the snow is on the ground. This will be an added plus during the five months of bad whether we get in Amarillo. With the number of golfers in Amarillo, Texas and knowing a great deal of them tee times will be filled all day long.
Not only can I generate substantial profits, but the payment terms are also great: CASH. I can have additional income by selling monthly memberships to those individuals who like playing pool for hours at a time. Also, by playing in and being part of the local and state leagues with Amarillo and Texas. There are currently a couple of major leagues which a plan to franchise and start. Currently there are several teams and leagues played in Amarillo, and I plan on making a good profit off of them. Currently pool table rental rates are $4 to $10 per hour for eight-ball tables. With a mere fifteen pool tables I will produce as much as $200,000 per year in business net profits. Right now the league I play in rents tables for the playoffs in March. This year they are looking at Fast Eddie’s. Most don’t want to use Fast Eddie’s because; they are not members of our league. I would be and would have enough tables to host this annual event along with others.
Landshark’s will also, provide a private room for groups who would like to play pool and relax with out the crowd.
After serving as a general manager for country club’s over the last 25 years and serving in the hospitality industry for over 32 years and making money for other companies I ‘m looking forward in making money for my investors and my household. This business adventure will soon do more than excepted.
The investors would have a buy-out opportunity after the third year in business. They would receive 20% return on their investment over two and a half years and full pay back during the third year.
Start-Up Capital Estimate Landshark's Billiards and Sports Bar Jan 7, 2008

Monthly Costs Monthly Expenses Cash Needed to Start % of Total Source of Estimate

Salary of owner-manager $5,000 15,000 4.2%
All other salaries and wages 3,000 9,000 2.5%
Rent
Advertising 400 1,200 0.3%
Delivery expense 0
Supplies 600 1,800 0.5%
Telephone 250 750 0.2%
Other utilities 3,500 10,500 2.9%
Insurance 2,000 6,000 1.7%
Taxes, including social security
Computer and software equipment 200 600 0.2%
Postage and mailings 250 750 0.2%
Interest and payments to investors 2,500 7,500 2.1%
Maintenance 500 1,500 0.4%
Trash Removal 100 300 0.1%
Legal and other professional fees 250 750 0.2%
Miscellaneous 250 750 0.2%
Subtotal $56,400 15.8%
One-Time Costs Cash Needed to Start % of Total Source of Estimate

Pool Tables $48,000 13.5%
Sticks and misc. $4,980 1.4%
Lighting $8,000 2.2%
TV'S and equipment $23,750 6.7%
Video games $8,000 2.2%
Darts $400 0.1%
Decorating and remodeling $15,000 4.2%
Euipment and coolers $25,000 7.0%
Security System $1,500 0.4%
Starting inventory food and liquor $11,000 3.1%
Deposits with public utilities $2,000 0.6%
Legal and other professional fees $2,500 0.7%
Licenses and permits $3,000 0.8%
Golf Simulator $40,000 11.2%
Advertising and promotion for opening $5,000 1.4%
Re-model building $79,000 22.2%
POS with Software $2,500 0.7%
Cash $500 0.1%
Miscellaneous $20,000 5.6%
Subtotal $300,130 84.2%
Total Estimated Start-Up Capital $356,530 100%

This capitol is on a spreadsheet.
I've also, got 5 year cash flow and P&L.