Physical Fitness Gym Business Plan

Ladies Only Fitness

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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.

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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