| NOTES |
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| Note 1: Repairs &
Maintenance |
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| 1). |
Annual Installation & demolition of Bubble (s) |
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Sept |
$5,000 |
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April |
$5,000 |
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| 2). |
Court Maintenance (nets & other repairs) |
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Incurred over Active
months |
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$30,000 |
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$40,000 |
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| Note 2: Bank Charges |
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Paid equally over the entire year |
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$800 |
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| Note 3: Credit
Card Fees |
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1% charge
applied to all revenue to reflect |
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Credit card charges for the period/year |
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| Note
4: Insurance |
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Property & Liability Insurance Estimated |
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$13,000 |
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| Note 5: Accounting
& Legal |
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A monthly accounting Fee
$1,000 paid to reflect monthly Bookkeeping |
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$12,000 |
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Annual Financial
Statement & Income Tax Preparation |
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$3,000 |
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Legal Charges to reflect
all corporate filings & the initial |
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corporate set-up & agreements |
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$3,000 |
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$18,000 |
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| Note 6: Club
House Rental |
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This could be a
combination of Rent of the Clubhouse & Rent to the Town of Markham |
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paid in the months from
October to April (7 months) |
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Clubhouse - UTC |
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7 |
months |
@ |
$600 |
$4,200 |
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Courts-Town of Markham |
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7 |
months |
@ |
$1,000 |
$7,000 |
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$11,200 |
| Note 7: Utilities including heat |
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Estimated - Needs to be verified |
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Number of Tennis Courts |
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9 |
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Cost/year/court - From Oct to April |
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12,000 |
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Total cost /year |
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$108,000 |
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| Note
8: Capital Costs Excluding GST
(Source: Yeadon and Abco Construction) |
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| 4 Court Bubble |
298,192 |
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| 5 Court Bubble |
336,948 |
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| Grade
Beam for 9 courts $150/linear foot |
214,800 |
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| Modular
Unit for Reception |
20,000 |
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| Pathway
Grading to Modular |
5,000 |
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| Fencing
Modifications |
5,000 |
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| Leasehold
Improvement - Clubhouse Winterization |
55,000 |
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| Leasehold
improvement-Clubhouse Viewing Window Framing |
11,000 |
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| 4
pole lights - relocate |
30,000 |
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Total Capital Cost |
975,940 |
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Contingency 10% |
97,594 |
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Total Capital Cost with Contingency |
1,073,534 |
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4 Court Grade Beam Costs |
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Linear Feet for 4 Courts |
676 |
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Cost/linear foot |
150 |
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4 Courts- Total Grade Beam Cost |
$
101,400 |
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5 Court Grade Beam Costs |
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Linear Feet for 5 Courts |
756 |
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Cost/linear foot |
150 |
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5 Courts - Total Grade Beam Cost |
$
113,400 |
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Computer Equipment -Hardware/Software |
30,000 |
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Furniture and Fixtures |
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Chairs/Sofa/Tables |
9,000 |
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Lighting/Ceiling Renovations |
6,000 |
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Total Furniture and Fixtures |
15,000 |
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| Note
9: Amortization |
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| Assumed
10 year amortization of all assets |
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