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Plan Outline
Physical Fitness Gym Business Plan
Ladies Only Fitness
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 |
| Assets | |
| 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 | |
| Liabilities | |
| Current Borrowing | £0 |
| Long-term Liabilities | £60,000 |
| Accounts Payable (Outstanding Bills) | £0 |
| Other Current Liabilities (interest-free) | £0 |
| Total Liabilities | £60,000 |
| Capital | |
| 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 | |
| Requirements | |
| 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.