{"id":1240,"date":"2018-07-05T12:49:34","date_gmt":"2018-07-05T12:49:34","guid":{"rendered":"http:\/\/wsbsport.com?p=1240"},"modified":"2019-04-05T15:07:26","modified_gmt":"2019-04-05T15:07:26","slug":"financing-indoor-soccer-facility","status":"publish","type":"post","link":"https:\/\/soccer.wsbsport.com\/en\/financing-indoor-soccer-facility\/","title":{"rendered":"Financing an indoor soccer facility: key factors"},"content":{"rendered":"<h2>How much does it cost to build an indoor soccer facility? 4 key factors to consider<\/h2>\n<p>When it comes to planning the opening of your indoor soccer facility, there are two issues that must be addressed first: the site and the financing.<\/p>\n<p>We already discussed the importance of choosing the most suitable site for the venue (<a href=\"https:\/\/wsbsport.com\/en\/our-services\/\">here<\/a> at point 4), it is now time to put our attention to finance.<\/p>\n<p>Let\u2019s consider the set-up of an indoor soccer facility in a rented warehouse, with 6 courts, a function hall, a pro-shop area, a snack bar and lockers &amp; showers to be established in France by a French business-creator. The cost to finance this center is <strong>estimated at 600k \u20ac<\/strong>.<\/p>\n<p>There are 4 key factors to investigate:<\/p>\n<ul>\n<li>Your willingness to <strong>associate<\/strong> with others<\/li>\n<li>The sophistication of the <strong>local banking system<\/strong><\/li>\n<li>Your <strong>personal funds<\/strong><\/li>\n<li>Your ability to <strong>borrow money<\/strong><\/li>\n<\/ul>\n<h2>To associate or not?<\/h2>\n<p>The first consideration you have to make is whether you would accept to associate others to your business or not.<\/p>\n<p>Associating with others is <strong>not just a financial matter<\/strong>: it has to do with the <strong>capacity<\/strong> to lead a business, to network with people, to be coachable and ready to accept others\u2019 opinion on what you do. Be aware that your associates might want to sell the business, in due time, in order to get their investment back plus a profit. That&#8217;s why if you are more the \u201cfamily-business\u201d type of person, be careful when associating and signing a shareholder agreement.<\/p>\n<p>If you decide to associate, define roles and profile for each of the associates you need, starting from the co-founders, to the seed investors, and finally to the investors. Remember: investors fund people, not ideas! So try to <strong>get valuable people<\/strong> on board as co-founders, because the will reinforce your proposal.<\/p>\n<h2><strong>Local banking system<\/strong><\/h2>\n<p>Second information to have in order to finance your 5 a side soccer facility is about the local banking system. What do they require to grant you the loan you need? Guarantees, percentage of risk capital on the total investment, cost of funds, counter guarantees options are all important to structure your funding strategy. If the bank won\u2019t assure more than 50% of the total funds, then you need to find 300k \u20ac to aspire to a loan.<\/p>\n<h2>Personal funds<\/h2>\n<p>Third consideration you have to make regards your personal funds: how much of your personal wealth you want to put at stake? Will your family support you? This point take you straight to the forth issue.<\/p>\n<h2>Ability to borrow money<\/h2>\n<p>Are you reputed and competent enough to convince a bank, or to attract investors on the basis of a company valorization that is higher of the cost of the project, so that a lower investment on your side may still leave you with the majority of the company?<\/p>\n<h2>In conclusion<\/h2>\n<p>The four-point analysis shows that the funding process to finance an indoor soccer center involves <strong>two major qualifications<\/strong>:<\/p>\n<ol>\n<li>You must <strong>prove to be competent<\/strong><\/li>\n<li>You must <strong>have a reputed team<\/strong> to help you defend your project, either if you want to convince a bank or attract investors.<\/li>\n<\/ol>\n<p>WSBSPORT is your natural business partner and advisor, ask us how we can help you open your indoor soccer facility!<\/p>\n<p>Fill-up the matrix below and send it to us, we will advise you on the most suitable financing scheme for your project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How much does it cost to build an indoor soccer facility? 4 key factors to consider When it comes to planning the opening of your indoor soccer facility, there are two issues that must be addressed first: the site and the financing. We already discussed the importance of choosing the most suitable site for the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":421,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[41],"tags":[34],"class_list":["post-1240","post","type-post","status-publish","format-standard","has-post-thumbnail","category-wsb-stories","tag-financial-solutions","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financing an indoor soccer facility: key factors - WSBSPORT<\/title>\n<meta name=\"description\" content=\"Financing your indoor soccer soccer center is one important issue when planning of opening an indoor facility. 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