Ladies Only Fitness

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Physical Fitness Gym Business Plan

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
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
Current Borrowing $0
Long-term Liabilities $60,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $60,000
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 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.

Ladies Only Fitness physical fitness gym business plan company summary. Ladies Only Fitness is a women-only health club offering a fitness center, exercise equipment, weight reduction programs, and a child care center.