Plan Outline

Health Club Business Plan

Corporate Fitness

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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

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
Total Start-up Expenses	£290,000

Start-up Assets
Cash Required	£10,000
Other Current Assets	£0
Long-term Assets	£0
Total Assets	£10,000

Total Requirements	£300,000

Start-up Funding
Start-up Expenses to Fund	£290,000
Start-up Assets to Fund	£10,000
Total Funding Required	£300,000

Assets
Non-cash Assets from Start-up	£0
Cash Requirements from Start-up	£10,000
Additional Cash Raised	£0
Cash Balance on Starting Date	£10,000
Total Assets	£10,000


Liabilities and Capital

Liabilities
Current Borrowing	£0
Long-term Liabilities	£100,000
Accounts Payable (Outstanding Bills)	£0
Other Current Liabilities (interest-free)	£0
Total Liabilities	£100,000

Capital

Planned Investment
Investor 1	£80,000
Investor 2	£60,000
Investor 3	£60,000
Additional Investment Requirement	£0
Total Planned Investment	£200,000

Loss at Start-up (Start-up Expenses)	(£290,000)
Total Capital	(£90,000)


Total Capital and Liabilities	£10,000

Total Funding	£300,000

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.