steady7
11-22-2007, 12:33 PM
Hi, new to these forums. We are five students from the UK who have a future plan of opening a nightclub in America. We have been researching for a few weeks now over the net and have been looking at clubs for sale. We have also been on many websites which consist of 'How to setup a nightclub'. We are all currently studying business studies, I.T, Sociology and maths for A-Level. We have a plan for the next couple of years to work and raise 480,000 USD. Each putting in 60,000 pounds (120,000 dollars) except for two who will put in 30,000 pounds each. We are fully commited to this idea and have been putting together a business plan for a couple of weeks. From info on the net we would hope to loan about 250,000 dollars (would this be possible.obviously in a couple of years when we're around 24). We have estimated a sort of cash flow forecast if we buy a 600,000 dollar nightclub. We have estimated our income/revenue. cost, payback loan each month and from info on the net we estimated what our costs would be also our revenue each month. We worked out how much our closing balance would be. Turned out to be a healthy profit. If anyone could give us anyhelp/ideas on what to do and also point out what we should be doing at his stage e.g. what we should be trying to find out. Please no need to waste a post by saying something negative about this. Everyone has to start somewhere and we're starting early.