Feasibility Study

Midtown Downtown
Katelyn Dambaugh, Kristina Porydzy, Lindsey Gatewood
 Introduction
Who Midtown Fellowship

What Seating from 450 seats to

800 by adding retractable
bleachers.

Where 1800 Blanding Street

Columbia, SC 29205

Why To fit as many people into

each gathering and in order to do
this, seats need to be added.
Demographics
Midtown Downtown Campus
Ages:
Average Age 26
70% under age 28
5% are above 65 years of age
Ethnicity
90% Caucasian
6% African American
4% Asian or other
Venue Data
Capacity: 800 -> GOAL to Reach

Rentable Facility

Retractable Bleachers Add 350 seats

Save Space
Easy Access
Easy Clean-up
Project Description
Build Bleachers into the back wall.

Back Wall -> Where is to add bleachers to.

Will give different level seating.
Financing Options
Budget info.
from:https://sites.google.com/a/midtowncolumbia.co
m/midtown-staff-resources/

Revenue for all 5 years $3,026,010.00

Only from the Publics General Offering and Withholding
Tax.
Total Revenue for Midtown Columbia is split with all three
campuses:
Downtown, Two-Notch, Lexington

Expenses for all 5 years $2,675,521.99

More of Financing:
Loan
$30,000 at 8% interest for 10 years.

Gross Net Income for 5 years : $350,488.01

Cost of the Bleachers: $35,000

Fundraising Options:
Shag Nights
Food Truck Nights
Movie Nights
Local Restaurant % Nights
Growth Rate of Income/Expenses
The income is predicted to increase a steady 5% as
membership increases.

Primary Expenses
Employee Salaries
Office Rental Mortgage
Health Insurance

It will be vital to ensure expenses do not rise and create

issue when renovating.
Economic and Fiscal Impacts
Because of the increase in size, the church will open up for
other organizations to rent out the space for other occasions.

With its location in mind, and the type of flat building it is,
there are endless opportunities it could be used for events in
Columbia.

Examples of Events:
Shag Night
Holiday Dances/Parties
Group Classes for Seminary/Teaching Practice
Balance Sheet - 5 Years
Income Statement 5 Years
Statement of Cash Flows 5 Years
 Feasible?
Not wise.

First, focus on increasing

membership before expanding the
seating arrangement.

Dont need the extra seats enough

to spend this.

With only 350 people added to the

congregation, the cost for these
bleachers and interest from the
loan would total to be more than
they can handle.

Other options:
Moving to other location when
absolutely need more space.