HEALTH CLUB BUSINESS PLAN
2.0 Company Summary
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
| 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 | 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
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.
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