Plan Outline

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Health Club Business Plan

Corporate Fitness

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Company Summary

2.0 Company Summary

Corporate Fitness is based on the belief that healthy employees are more productive and efficient employees. For this reason, it provides wellness strategies/programs to businesses in the downtown Seattle area. This combines promotion of health and exercise-related activities designed to facilitate positive lifestyle changes in members of a company's work force.

The company began in Seattle, founded by three owners, all of whom hold director positions.

2.1 Company Ownership

Corporate Fitness is a privately held corporation. The three founders comprise all of the ownership.

Dave Jensen - 40 percent.
Steve Perkins - 30 percent.
Robert Gomez - 30 percent.

2.2 Start-up Summary

Start-up will require approximately $300,000 of capital, $200,000 of which will be provided by the founders and their families. The remaining $100,000 will come as a loan.

Approximately $140,000 will be allocated to leasehold improvements and $75,000 to equipment.

Start-up

Start-up

Requirements

Start-up Expenses
Legal	$1,250
Stationery etc.	$1,000
Brochures	$800
Insurance	$5,000
Rent	$58,000
Expensed equipment	$75,000
Utilities	$6,500
Leasehold improvements	$140,000
Other	$2,450
Other	$0
Total Start-up Expenses	$290,000

Start-up Assets
Cash Required	$10,000
Other Current Assets	$0
Long-term Assets	$0
Total Assets	$10,000

Total Requirements	$300,000

Start-up Funding

Start-up Funding
Start-up Expenses to Fund	$290,000
Start-up Assets to Fund	$10,000
Total Funding Required	$300,000

Assets
Non-cash Assets from Start-up	$0
Cash Requirements from Start-up	$10,000
Additional Cash Raised	$0
Cash Balance on Starting Date	$10,000
Total Assets	$10,000


Liabilities and Capital

Liabilities
Current Borrowing	$0
Long-term Liabilities	$100,000
Accounts Payable (Outstanding Bills)	$0
Other Current Liabilities (interest-free)	$0
Total Liabilities	$100,000

Capital

Planned Investment
Investor 1	$80,000
Investor 2	$60,000
Investor 3	$60,000
Other	$0
Other	$0
Additional Investment Requirement	$0
Total Planned Investment	$200,000

Loss at Start-up (Start-up Expenses)	($290,000)
Total Capital	($90,000)


Total Capital and Liabilities	$10,000

Total Funding	$300,000

Start-up

2.3 Company Locations and Facilities

Corporate Fitness headquarters are located within the first club located in downtown Seattle. Upon expansion, offices will be moved to a different location, not within any individual club.

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