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 Expenses to Fund||$290,000|
|Start-up Assets to Fund||$10,000|
|Total Funding Required||$300,000|
|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|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$200,000|
|Loss at Start-up (Start-up Expenses)||($290,000)|
|Total Capital and Liabilities||$10,000|
|Total Start-up Expenses||$290,000|
|Other Current Assets||$0|
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.