Gymnastics Jump-Start, soon to be located in Bouncetown, Michigan, will provide the community with a comfortable, friendly environment in which to learn all levels of gymnastics. Gymnastics Jump-Start will offer private gymnastics instruction, group classes, birthday parties, sleepovers, drop-in clinics, cheerleading classes, and conditioning classes. Gymnastics, as a sport, has become increasingly popular worldwide due to the public’s exposure from the Summer Olympics. As a result, the gym can expect to expand numbers of children largely when the next Summer Olympics come around. We expect most of our customers to come from Oakland County where we are located, but we also expect some business from Macomb and Wayne County. Gymnastics Jump-Start will appeal mainly to the 1-18 year old age group, all types of abilities and backgrounds, and children looking for creative self expression, exercise and/or social opportunities through gymnastics.
2.1 Company Ownership
Gymnastics Jump-Start is a privately owned limited liability partnership with each of the principal officers holding an equal share in the company. Gymnastics Jump-Start is owned and operated by Wanda Bounce and Bea Flip.
2.2 Start-up Summary
The start-up expenses for Gymnastics Jump-Start are focused primarily on equipment and padded floor surfaces for the classes. We are buying $40,000 worth of equipment as long-term assets, and another $30,000 as expensed equipment which will need to be replaced every three-four years.
|Total Start-up Expenses||$36,600|
|Other Current Assets||$0|