Plan Outline
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SIC 7991 Amusement and Recreation Services - Physical fitness facilities
*Reports start as low as $89
Physical Fitness Gym Business Plan
Ladies Only Fitness
Company Summary
Ladies Only Fitness is a women only fitness club that offers fitness classes, exercise equipment, a weight reduction program, and a childcare center. The program will operate as a general partnership. Joan Sullivan will manage the daily operation of Ladies Only Fitness. Marge Williamson will have accounting oversight responsibilities.
2.1 Company Ownership
Ladies Only Fitness is co-owned by Joan Sullivan and Marge Williamson.
2.2 Start-up Summary
The start-up expenses for the Ladies Only Fitness is focused primarily on equipment and exercise surfaces for the classes. Joan Sullivan will invest $30,000. Marge Williamson will invest $70,000. In addition, club will secure a $60,000 long-term loan.
| Start-up Funding | |
| Start-up Expenses to Fund | $94,200 |
| Start-up Assets to Fund | $65,800 |
| Total Funding Required | $160,000 |
| Assets | |
| Non-cash Assets from Start-up | $0 |
| Cash Requirements from Start-up | $65,800 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $65,800 |
| Total Assets | $65,800 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $60,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $60,000 |
| Capital | |
| Planned Investment | |
| Joan Sullivan | $30,000 |
| Marge Williamson | $70,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $100,000 |
| Loss at Start-up (Start-up Expenses) | ($94,200) |
| Total Capital | $5,800 |
| Total Capital and Liabilities | $65,800 |
| Total Funding | $160,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Stationery etc. | $200 |
| Brochures | $1,000 |
| Insurance | $500 |
| Rent | $2,000 |
| Child Care Setup | $10,000 |
| Leased Equipment | $80,000 |
| Total Start-up Expenses | $94,200 |
| Start-up Assets | |
| Cash Required | $65,800 |
| Other Current Assets | $0 |
| Long-term Assets | $0 |
| Total Assets | $65,800 |
| Total Requirements | $160,000 |
2.3 Company Locations and Facilities
Ladies Only Fitness is located in the Southtowne Center in southwest Mapleton. The club occupies a 5,500 square foot storefront. The facility has one primary equipment room adjacent to the child care center. The club also has three exercise rooms. The facility can accommodate 110 people.
