Hot%20Shots%20Indoor%20Beach%20Volleyball%20

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Hot ShotsIndoor Beach Volleyball Established
1989

• 1046 University Avenue
• Rochester, NY 14607
• Phone [phone]
• Web Site www.hotshotsvball.com

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Sand Volley-Ball Courts
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Introduction

• Hot Shots is essentially a Volley-Ball club with
  organized teams / and leagues by level of
  competitiveness.
• The Bar / restaurant surrounding the main
  entrance of the club is clearly a part of where
  the customers socialize while waiting or resting.
• The activities generate about 1.7million sales
  annually. Profitability was almost immediate
  within the first 2 months. The business
  apparently generates 250k of positive cash flow
  annually.
• The atmosphere of the customers is clearly a way
  of life as it is for surfers. 75 of the people
  frequenting this successful Volley-Ball/Bar-Restau
  rant club are wearing sandals, shorts and
  T-shirts. (I guess it was not winter yetwe will
  see!) (see pictures)
• I have visited on several occasions. Although
  the place is not very busy during the day, it is
  PACKED in the evenings. (estimate 600-700persons
  pass through daily) (see pictures)
• The clear camaraderie among the customers
  indicates they all know each other well. A good
  sign indicating regular customers and confirming
  their common interest.

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Facilities

• Two Bars with Restaurent
• Main Restaurant Bar with Tex/Mex menu
• Side Bar near the Locker Rooms
• 5 Sand Volley Ball Courts
• originally 6 courts, but one court was converted
  to the Bar / restaurant
• 3 Hard Courts
• Alternate as Volley, Basket and Dodge ball
• Showers / Locker / Changing rooms

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Facilities
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Investment / Assets

• Leasing 36000 sq ft empty Warehouse facilities,
  with plenty of parking
• Lease Cost 180k per year
• Equivalent to 5 per sq ft / year
• Indoor volley ball court constructions with bar /
  restaurant / kitchen all cost about 500k
• Investment made in 3 stages second and third
  stage followed effective startup of the Leagues.

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Shareholders / Partners

• Jonathan B. Shares
• Main managing and active partner
• Bill Page
• Non active partner, based in Rochester
• Had undertaken the Cleveland venture which was
  not successful due to no alcohol licensing
• Peter Pape
• Non active partner, based in Rochester
• Pierce Pape
• Non active partner, based in Atlanta

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Key Facts and Figures

• 45 Leagues
• 12 Teams per League
• Pricing 310 / team / 10 week period
• Five 10 week periods per Year
• V-Ball revenue 900k / year
• 60-70 teams visit per night
• Average 9 persons per team
• 6 nights per week (Sunday to Friday)
• Bar Revenue 347k / year
• Restaurant Revenue 360k / year

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Restaurant Ragging Burrito

• Tex/Mex restaurant called Ragging Burrito has
  been made after a concept of a restaurant
  operating in Texas.
• Operates on a Franchise like agreement, but there
  are no other franchisees to date.
• Hot Shots pays between 2 and 3 of the
  restaurant gross sales, for the recipes and
  know-how obtained, depending upon the actual
  revenue achieved.

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Bar Restaurant
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Other Activities

• Private Parties
• Corporate events
• Organization of summer competitions on Charlotte
  Beach on lake Ontario
• About 3-4000 persons were at the event (not sure
  if it was persons who participate ??)
• Bringing professional teams to Rochester from
  other cities.
• Certifying Volley-Ball as an Accredited
  activity for Colleges.

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Key Factors for Success

• Location
• Alcohol / Beer wine license
• Restaurant a PLUS
• Internal Controls with the Bar / Cash / Inventory
• Organization of the Leagues
• Communication / Database emailing with players
• Start Leagues AFTER labor day
• Leagues must be organized in teams of about 9
  with 6 active players. This is important to
  assure the minimum traffic thru the bar and
  restaurant.

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Other Neighboring Clubs ?

• JB mentioned other clubs in neighboring cities.
  It may be important to visit those clubs.
• The clubs he mentioned are
• BUFFALO 3 Stations Club apparently with a
  different concept
• SYRACUSE Spikes
• ALBANY Planet Volley Ball

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Potential Future ? Next Step?

• JB was a Volley-Ball player and appears to know a
  number of the athletes on the tour from Rochester
  (who have also apparently played at his
  club..notably Scott Davenport)
• JB has great experience in building this club and
  know-how in running this business.
• JB is well settled in his business which is
  running very well, yet he appears very interested
  and motivated with the possibility of getting
  involved in operating and expanding this idea
  across the country.
• It appears to be worthwhile to initiate dialogue
  and further explore what possible
  setup/involvement could be pursued with JB.
• JB has confirmed that he will keep dates of
  mid-October free in the case he would be invited
  to the Santa Barbara event. He appears very
  interested in visiting and meeting the others
  involved.