Physical Fitness Gym Business Plan

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Ladies Only Fitness

Financial Plan

Forecast

Key Assumptions

We’re assuming the need will generate most of the sales and marketing power. And of course we are assuming nobody decides to compete directly against us in the local market. 

Revenue by Month

Chart visualizing the data for Revenue by Month

Expenses by Month

Chart visualizing the data for Expenses by Month

Net Profit (or Loss) by Year

Chart visualizing the data for Net Profit (or Loss) by Year

Financing

Use of Funds

Estimated Startup Expenses: $95,000

  • Legal $1,500
  • Website $1,000
  • Insurance $500
  • Rent $2,000
  • Child Care Setup $10,000
  • Leased Equipment $80,000

Assets: $65,000 in startup cash

Sources of Funds

Total financing: $160,000.

Funding plan: $100,000 in owner funding and a $60,000 business loan. 

Statements

Projected Profit & Loss

2020 2021 2022
Gross Margin $431,112 $566,720 $700,120
Operating Expenses
Salaries & Wages $230,400 $310,896 $357,062
Employee Related Expenses $46,080 $62,179 $71,413
Marketing $6,000 $6,000 $6,000
Insurance $2,760 $2,760 $2,760
Utilities $4,800 $4,800 $4,800
Rent $31,200 $31,200 $31,200
Leased equipment $18,000 $18,000 $18,000
Interest Incurred $2,754 $2,200 $1,618
Depreciation and Amortization
Gain or Loss from Sale of Assets
Income Taxes $0 $0 $0
Total Expenses $379,482 $487,315 $553,732
Net Profit $89,118 $128,685 $207,268

Projected Balance Sheet

Starting Balances 2020 2021 2022
Cash $65,000 $143,288 $260,589 $455,890
Accounts Receivable $0 $0 $0
Inventory
Other Current Assets
Total Current Assets $65,000 $143,288 $260,589 $455,890
Long-Term Assets
Accumulated Depreciation
Total Long-Term Assets
Accounts Payable $0 $0 $0
Income Taxes Payable $0 $0 $0
Sales Taxes Payable $0 $0 $0
Short-Term Debt $10,830 $11,384 $11,966 $12,579
Prepaid Revenue
Total Current Liabilities $10,830 $11,384 $11,966 $12,579
Long-Term Debt $49,170 $37,786 $25,820 $13,241
Long-Term Liabilities $49,170 $37,786 $25,820 $13,241
Paid-In Capital $100,000 $100,000 $100,000 $100,000
Retained Earnings ($95,000) ($95,000) ($5,882) $122,803
Earnings $89,118 $128,685 $207,268

Projected Cash Flow Statement

2020 2021 2022
Net Cash Flow from Operations
Net Profit $89,118 $128,685 $207,268
Depreciation & Amortization
Change in Accounts Receivable $0 $0 $0
Change in Inventory
Change in Accounts Payable $0 $0 $0
Change in Income Tax Payable $0 $0 $0
Change in Sales Tax Payable $0 $0 $0
Change in Prepaid Revenue
Investing & Financing
Assets Purchased or Sold
Investments Received
Dividends & Distributions
Change in Short-Term Debt $554 $582 $612
Change in Long-Term Debt ($11,384) ($11,966) ($12,579)
Cash at Beginning of Period $65,000 $143,288 $260,589
Net Change in Cash $78,288 $117,301 $195,302
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