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Ladies Only Fitness
Company
Overview
Ownership & Structure
LLC
Ladies Only Fitness is co-owned by Joan Sullivan and Marge Williamson.
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.
Team
Management Team
Joan Sullivan will be the operations manager and lead trainer for Ladies Only Fitness. Joan has been a fixture in the Mapleton fitness community for the past fifteen years. She has been the manager of both the Mapleton Athletic Club (three years) and the Maximum Fitness Club (four years).
Her reputation as an effective staff supervisor is excellent. At both the Athletic Club and Maximum, membership increased by 15% each year under Joan’s supervision.
Marge Williamson is a CPA with the firm of Smith, Jones, and Lawrence. Her primary responsibility will be to oversee accounts receivable and operational costs.
Personnel Table
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Lead Trainer | $48,000 | $48,960 | $49,939 |
| Childcare Staff (2.67) | $72,000 | $110,160 | $112,362 |
| Personal Trainers (3) | $76,800 | $117,504 | $159,804 |
| Receptionist | $33,600 | $34,272 | $34,957 |
| Totals | $230,400 | $310,896 | $357,062 |