|Current Status||Concept / Business Plan|
|Funding Required||RM4,000,001 to RM5,000,000|
|Description||‘Sphere Golf and Recreation’ is a recreation complex primarily focused on golf.
Malaysia’s first driving range with an automated electronic scoring system (GESS).
The electronic scoring system (similar to bowling/ electronic dartboards) is a proven concept to attract non-golfers (approx. >70% of customers) and also to cultivate an interest in golf.
The automated electronic scoring system is ready to be deployed and will operate including a website and app, with social media platforms integrated to suit the technologically savvy market.
|Business Opportunity||Be the first driving range in Asia which provides the GESS (Golf Electronic Scoring System) technology.
The sports complex will be the first sports and entertainment centre.
Our target audience is based on people from age 4 – 60 years old but primarily focus on young adults.
Connections with royal members and government of Malaysia.
Creating major events at the sports complex with our wide range of contacts from the sports and celebrity world globally.
We are initially focusing on establishing it in Asia first before we expand the brand globally.
|Revenue / Business Model||Financial planning indicates 5-year equity IRR of circa 25%.
We have simplified the cost by only focussing on providing the technology and services to fit in the technology at the driving range.
RoI timeframe is within 12 – 18 months (Our calculation for 120 bays)
|Company Background||We are relatively new in the golfing world and we are seeking for investors globally.|
|% Equity Allocation||xxxx|
|Expected ROI||Using the Discount Cash Flow (DCF) method over a 5 year period, the Project is likely to deliver a pre-tax IRR more than 25% to equity holders|
|Risks and Mitigation||xxxx|
|Company Name||Sphere Golf and Recreation Sdn. Bhd.|
|Business Address||71, Jalan 5/4J, Lorong Tanjong, 46000, Petaling Jaya, Selangor|
|Contact Person||YTM Dato’ Indera Tunku Harunnarasheed Putra|