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HEALTH CLUB BUSINESS PLAN

2.0 Company Summary
Business Plan - Edit This Plan

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
Current Liabilities
Start-up
Requirements
Start-up Expenses
Legal$1,250
Stationery etc.$1,000
Brochures$800
Insurance$5,000
Rent$58,000
Expensed equipment$75,000
Utilities$6,500
Leasehold improvements$140,000
Other$2,450
Other$0
Total Start-up Expenses$290,000
Start-up Assets Needed
Cash Balance on Starting Date$10,000
Other Current Assets$0
Total Current Assets$10,000
Long-term Assets$0
Total Assets$10,000
Total Requirements$300,000
Funding
Investment
Investor 1$80,000
Investor 2$60,000
Investor 3$60,000
Other$0
Other$0
Total Investment$200,000
Current Liabilities
Accounts Payable$0
Current Borrowing$0
Other Current Liabilities$0
Current Liabilities$0
Long-term Liabilities$100,000
Total Liabilities$100,000
Loss at Start-up($290,000)
Total Capital($90,000)
Total Capital and Liabilities$10,000

Start-up

Start Up

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.


Business Plan - Edit This Plan

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