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Fitness Center
Business Plan
Mohammad Anishur Rahman (MBA, ACA)
Business and Financial Advisor
www.PlanforStartup.com
accr u o n @g mail.com , +8801515265698
F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
Introduction
F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
Why Business Plan is so Important for
Funding
A survey Shows That
2,877 people completed the survey. Of those, 995 had completed a plan.
 297 of them (36%) secured a loan
 280 of them (36%) secured investment capital
 499 of them (64%) had grown their business
1,556 of the 2,877 had not yet completed their plan.
 222 of them (18%) secured a loan
 219 of them (18%) secured investment capital
 501 of them (43%) had grown their business
Business Plan Requirements
• For Personal, Bank and SBA Loan Purpose:
• 30+ Pages Business Plan with 15+ Pages 3/5 years
Financial Plan
• For Investor Purpose:
• 30+ Pages Business Plan with 15+ Pages 3/5 years
Financial Plan (Additionally 15+ Pages Pitch Deck)
Why do You need Business Plan?
Funding Through
Bank Loan or
Investment?
Attract
Investors?
Attract
Partners?
For a good
Business
Direction?
How to write a Bank Loan Proposal
Start your bank loan request by briefly explaining what your business does.
 Executive summary from your business plan.
Include essential business information.
 Your name, the business’s legal name, your legal form of business, business address, the year the
business was founded, annual sales, number of employees, key customers and any other indicators of
success.
Specify how much money you would like to borrow and what type of loan you are
seeking.
 Do you want a working capital loan to purchase inventory or a loan to buy a building for your
business?
Explain how you will use the loan proceeds to attain specific business goals.
 Detail the measurable results you expect the loan to have on your business, such as increasing sales
by 10% annually or doubling production capacity in six months.
List any assets and debts.
 State the assets you have that could be used as collateral for the loan, as well as any outstanding
business debts and when they will be paid off.
Financing Options
Leasing
Equipment
Loan/Financing
Program
Rollover For
Business
Startups (ROBS)
SBA Loan
Find Investors Attract Partners Crowdfunding Bank Loan
Loan from
relatives
Executive Summery
F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
Executive Summery
The Business
Opportunity
The Target
market
The
Competition
Mission
Statement
Vision
Statement
Objective
Company
Information
Business
Highlights
Future goals
Location
based on days
What? How? When? Where?
Problem & Solution
Define the Problem that you are facing in the Fitness Center
Market
-----------------------------------------------------------------------------------------
Assess the Problem and Give your solution through your
Organization
-----------------------------------------------------------------------------------------
Fitness Center Owners /Partners
• 20%
• 25%
• 25%
• 30%
Owner-1 Owner-2
Owner-4
Owner-3
Fitness Center Startup Expenses
 Total Fee for incorporating the Business
 Budget for basic insurance policy covers, permits and business license
 Suitable Space in a business district 6 months (Re – Construction of the facility
inclusive)
 The Cost for equipping the office (computers, software applications, printers, fax
machines, furniture, telephones, filing cabins, safety gadgets and electronics)
 The Cost of Launching your official Website
 Budget for paying at least one employees for 3 months plus utility bills
 Additional Expenditure (Business cards, Signage, Adverts and Promotions et al)
 Miscellaneous
Company Name, Logo
1. Find out an Easily Readable Name
2. Hire a professional designer for design
3. Make it easy to read
4. Match the design to your products and Service
5. Make a letterheaded paper with Your Logo
Human Resource
Management
F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
Fitness Center’s Staffing Needs
Management Job Responsibilities
 CEO
 -------------
 -------------
 -------------
 -------------
 -------------
 Manager
 -------------
 -------------
 -------------
 -------------
 -------------
 Inventory & Purchase
 -------------
 -------------
 -------------
 -------------
 -------------
 Supervisor
 -------------
 -------------
 -------------
 -------------
 -------------
Fitness Center
Operational Plan
F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
 General: Do an outline of your business' day-to-day operations
 The physical plant: Describe the type, site, and location of premises for your business.
 Equipment: Describing the equipment necessary and how much of it you need
 Assets: Make a list of your assets, such as land, buildings, inventory, furniture, equipment, and vehicles.
 Special requirements: Special requirements, such as water or power needs, drainage, etc. ( If needed)
 Materials: State where you're going to get the materials you need to produce your product or service
 Production: Explain when and how you'll be able to start producing your product or service.
 Inventory and Cost: Explain how you'll keep track of inventory and Give details of product cost estimates..
Fitness Center Operational Plan
 Supplier Information
 Name
 Office and factory Address
 Phone Number
 Third Party
 Name
 Office and factory Address
 Phone Number
Process of Your Fitness Center Operation
Fitness Center Layout
Market
F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
Research Your Target Market
• Available Areas:
• Find out an area to Establish Your Business
• Competition:
• Analyze the competition
• Local & State Regulations:
• Know the rules and regulations of the Industry
80%
40%
70%
30%
75%
72%
2013 2014 2015 2016 2017 2018
2016 2017 2018
 Target Market
 Market Segment
 Market Size analysis
 Market Trends Analysis
 Competition
Fitness Center Market Analysis
Describe here
Target Market
Demographics
 Breakdown by any combination: age, gender, income, education, ethnicity, marital
status, education, household (or business), size, length of residence, type of
residence or even profession/Occupation.
Psychographics
 This refers to 'personality and emotions' based on behaviour, linked to purchase
choices, including attitudes, lifestyle, hobbies, risk aversion, personality and
leadership traits.
Lifestyle
 This refers to Hobbies, recreational pursuits, entertainment, vacations, and other
non-work time pursuits.
Target Market
Belief and Values
 Refers to Religious, political, nationalistic and cultural beliefs and values.
Life Stages
 Life Stages is the Chronological benchmarking of people’s lives at different stages.
Geography
 Drill down by Country, region, area, metropolitan or rural location, population density
or even climate.
Fitness Center Market Size
Health and fitness clubs provide their customers with the infrastructure for their workouts and
physical activity in exchange for a membership fee. The market size of the global fitness and health
club industry has been steadily increasing in recent years, exceeding 96 billion U.S. dollars in 2019.
Some of the largest health clubs worldwide in terms of revenue include 24 Hour Fitness and Life Time
Fitness. At the very top of this list sits LA Fitness, which generated revenue exceeding two billion U.S.
dollars in 2018. Many of these health clubs are exclusive to the United States and, in fact, the
aforementioned three companies also top the list of the largest health clubs by revenue within the
United States.
The fitness industry certainly appears to be on the up, with the number of fitness enterprises in the
United States rising significantly in the last decade. However, these projections are likely to be
impacted by the coronavirus pandemic which swept across the globe in 2020. Many health and
fitness clubs were closed for months on end in an attempt to stem the flow of the disease and gyms
were left empty as people were encouraged and, in some cases, legally required to stay at home.
Fitness Center Industry Analysis
Review
available
reports
Approach
the correct
industry
Demand &
supply
scenario
Competitiv
e scenario
(Porter’s Fi
ve Forces
Model)
Recent
developme
nts
Focus on
industry
dynamics
S W
T
O
S T R E N GT H
Describe your
Strength.
O P P O RT U N I T
Y
T H R E AT
W E A K N E S S
Fitness Center SWOT ANALYSIS
Describe your
Opportunity.
Describe your
Weakness
Describe your
Threat
Competitor Analysis
 Find Your Competitors
 Determine who your competitors are.
 Take a look of their food pricing
 Determine what foods your competitors offer.
 Research your competitors sales tactics and results.
 Analyze how your competitors market their products.
 Take note of your competition's content strategy.
 Analyze the level of engagement on your competitor's
 Observe how they promote their marketing content.
Sales &
Marketing Plan
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O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
Marketing Objectives
 To Design and Implement Marketing Control
 Increase customer lifetime value
 Engaged audience
 Increased brand awareness
 Positive Food reviews
 Launch product or service in a new market
 Increase profitability and Improve ROI
 To Know Market Costs and Profits
 Grow Digital Presence
Marketing Strategy
Step 1: Take a snapshot of your company’s current situation.
Step 2: Define who your target audience is.
Step 3: Make a list of your marketing goals.
Step 4: Research marketing tactics
Step 5: Set your marketing budget.
Offline Marketing Plan
 Engage Local Media
 Rent Billboard Space
 Talk to the Press
 Create Branded Merchandise
 Network All the Time
 Run Cross-Promotions
 Connect with Your Community
 Distribute Printed Materials
 Hand Out Business Cards
 Talk to Customers
 Send Actual Mail
Online Marketing Plan
Facebook
Advertising
Google My
Business
Content
Marketing
Organic
Social Media
Email
Marketing
Promote A
Free
Consultation
Speak At
Events
Marketing Budgets
 Yellow Pages = $$
 Sales letter mailing to prospects = $$
 Clerical help on mailing list = $$
 Advertising in local business magazine = $$
 Advertising in newspaper business section = $$
 Brochure design and copywriting = $$
 Brochure printing = $$
 Registration for business exhibitions = $$
 Attend training session = $$
 Charity Donation
Financial Plan
and
Forecast
F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
Financial Plan and Forecast
 Startup Expenses
 Assumptions
 Sales Projections
 Payroll Sheet
 3/5 Years Monthly Cost Estimation
 3/5 Years Break Even Analysis
 3/5 Years Financial Ratio Analysis
 3/5 Years Profit & loss Statement
 3/5 Years Cash flow Projections
 3/5 Years Balance Sheet
 Ratio Analysis
Fitness Center Startup Expenses (Sample)
Startup Amount
Preliminary Expenses
Legal fees (Lawyer, tax consultant) $ 700.00
Marketing research, traveling $ 50,000.00
Sub-Total $ 50,700.00
Fixed Assets
Equipment $ 45,000.00
Space lease for the first 6 months $ 15,000.00
Restaurant equipment(Desk, chairs, supplies, printers etc.,) $ 15,000.00
Software integration $ 5,000.00
Sub-Total $ 80,000.00
Other:
Backend Staff Salaries Yearly $ 100,000.00
Office Rents & Operation Cost: (Office Rents, Utilities, Internet cost) $ 20,000.00
Misc $ 5,000.00
Sub-Total $ 125,000.00
Total Requirements $ 255,700.00
Fitness Center Sales Forecast (Sample)
Year-1
CBD Oil 2019 Global Market
Expected to Grow at CAGR 39.19 %
and Forecast to 2023
Revenue Sources Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7
Product Service-1 $ 2,570.00 $ 2,570.00 $ 2,570.00 $ 2,570.00 $ 2,570.00 $ 2,570.00 $ 2,570.00
Number of Clients Per Month 10 11 12 13 15 16 18
Product Service-2 $ 2,040.00 $ 2,040.00 $ 2,040.00 $ 2,040.00 $ 2,040.00 $ 2,040.00 $ 2,040.00
Number of Clients Per Month 12 13 15 16 18 19 21
Product Service-3 $ 3,690.00 $ 3,690.00 $ 3,690.00 $ 3,690.00 $ 3,690.00 $ 3,690.00 $ 3,690.00
Number of Clients Per Month 15 17 18 20 22 24 27
Product Service-4 $ 4.70 $ 4.70 $ 4.70 $ 4.70 $ 4.70 $ 4.70 $ 4.70
Number of Clients Per Month 10 11 12 13 15 16 18
Total Revenue £ 105,577.00 £ 116,134.70 £ 127,748.17 £ 140,522.99 £ 154,575.29 £ 170,032.81 £ 187,036.10
Year-2
Revenue Sources Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7
Product Service-1 $ 2,698.50 $ 2,698.50 $ 2,698.50 $ 2,698.50 $ 2,698.50 $ 2,698.50 $ 2,698.50
Number of Clients Per Month 31 33 36 39 42 45 49
Product Service-2 $ 2,142.00 $ 2,142.00 $ 2,142.00 $ 2,142.00 $ 2,142.00 $ 2,142.00 $ 2,142.00
Number of Clients Per Month 37 40 43 47 50 54 59
Product Service-3 $ 3,874.50 $ 3,874.50 $ 3,874.50 $ 3,874.50 $ 3,874.50 $ 3,874.50 $ 3,874.50
Number of Clients Per Month 46 50 54 58 63 68 73
Product Service-4 $ 5,197.50 $ 5,197.50 $ 5,197.50 $ 5,197.50 $ 5,197.50 $ 5,197.50 $ 5,197.50
Number of Clients Per Month 31 33 36 39 42 45 49
Total Revenue £ 501,589.39 £ 541,716.54 £ 585,053.86 £ 631,858.17 £ 682,406.82 £ 736,999.37 £ 795,959.32
Fitness Center Loan Amortization (Sample)
Fitness Center Payroll (Sample)
Particulars Year-1 Year-2 Year-3 Year-4 Year-5
Staff Count Per Position
Owner 1 1 1 1 1
IT tech/support 1 1 1 1 1
Developer and research Manager 1 1 1 1 1
Marketing Manager 2 2 2 3 3
Accountant 1 1 1 1 1
Communication Manager 1 1 1 2 2
Finance manager 1 1 1 1 1
Wage per position per Month
Owner $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00
IT tech/support $ 18.00 $ 18.00 $ 18.00 $ 18.00 $ 18.00
Developer and research Manager $ 18.00 $ 18.00 $ 18.00 $ 18.00 $ 18.00
Marketing Manager $ 16.00 $ 16.00 $ 16.00 $ 16.00 $ 16.00
Accountant $ 18.00 $ 18.00 $ 18.00 $ 18.00 $ 18.00
Communication Manager $ 15.00 $ 15.00 $ 15.00 $ 15.00 $ 15.00
Finance manager $ 18.00 $ 18.00 $ 18.00 $ 18.00 $ 18.00
Fitness Center Payroll (Sample)
Weekly Hours
Owner 0 0 0 0 0
IT tech/support 40 40 40 40 40
Developer and research Manager 40 40 40 40 40
Marketing Manager 40 40 40 40 40
Accountant 40 40 40 40 40
Communication Manager 40 40 40 40 40
Finance manager 40 40 40 40 40
Payroll Per Position (Count x Salary)
Owner $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00
IT tech/support $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00
Developer and research Manager $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00
Marketing Manager $ 61,440.00 $ 61,440.00 $ 61,440.00 $ 92,160.00 $ 92,160.00
Accountant $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00
Communication Manager $ 28,800.00 $ 28,800.00 $ 28,800.00 $ 57,600.00 $ 57,600.00
Finance manager $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00
Total Payroll $ 248,480.00 $ 248,480.00 $ 248,480.00 $ 308,000.00 $ 308,000.00
Fitness Center Break Even Point (Sample)
YEAR-1
Particulars Product Unit Price Amount Remarks
Fixed Cost 143,640.00
variable Cost $ 834.00 30%
Sales Price
2,780.00
Average Charge Per
product
Units Increment
Break Even Point 74
Targeted units per Year
to cover the loss
Break Even Sales
Amount 205,200.00
Target Sales value to
recover loss
Unit Fixed Cost Variable Cost Total Cost Sales
0 143,640.00 - 143,640.00 -
10 143,640.00 8,340.00 151,980.00 27,800.00
20 143,640.00 16,680.00 160,320.00 55,600.00
30 143,640.00 25,020.00 168,660.00 83,400.00
40 143,640.00 33,360.00 177,000.00 111,200.00
50 143,640.00 41,700.00 185,340.00 139,000.00
60 143,640.00 50,040.00 193,680.00 166,800.00
70 143,640.00 58,380.00 202,020.00 194,600.00
80 143,640.00 66,720.00 210,360.00 222,400.00
90 143,640.00 75,060.00 218,700.00 250,200.00
100 143,640.00 83,400.00 227,040.00 278,000.00
-
50,000.00
100,000.00
150,000.00
200,000.00
250,000.00
300,000.00
1 2 3 4 5 6 7 8 9 10 11
BEP
Total Cost Sales
Fitness Center Profit & loss Statement (Sample)
PROFIT AND LOSS PROJECTION Year 1
Details Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7
Revenue 14,388.50 15,827.35 17,410.09 19,151.09 21,066.20 23,172.82 25,490.11
COGS 60% 8,633.10 9,496.41 10,446.05 11,490.66 12,639.72 13,903.69 15,294.06
Commission to Store Seller 10% 575.54 633.09 696.40 766.04 842.65 926.91 1,019.60
Gross Margin 5,179.86 5,697.85 6,267.63 6,894.39 7,583.83 8,342.22 9,176.44
Gross Margin 36% 36% 36% 36% 36% 36% 36%
EXPENSES
Operating expenses
Payroll 2,920.00 2,920.00 2,920.00 2,920.00 2,920.00 2,920.00 2,920.00
Rent 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
Internet 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Printer inks & Papers 50.00 50.00 50.00 50.00 50.00 50.00 50.00
Water, Tea, Coffe, Tissues, etc 50.00 50.00 50.00 50.00 50.00 50.00 50.00
Platform Upgrade and Maintaining Cost 500.00 500.00 500.00 500.00 500.00 500.00 500.00
Renting Dedicated Server 250.00 250.00 250.00 250.00 250.00 250.00 250.00
Marketing campaign 1,000.00 2,000.00 3,000.00 4,000.00 5,000.00 6,000.00 7,000.00
Utilities 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Total operating expenses 6,470.00 7,470.00 8,470.00 9,470.00 10,470.00 11,470.00 12,470.00
TOTAL EXPENSES 6,470.00 7,470.00 8,470.00 9,470.00 10,470.00 11,470.00 12,470.00
TOTAL OPERATING INCOME (1,290.14) (1,772.15) (2,202.37) (2,575.61) (2,886.17) (3,127.78) (3,293.56)
TAXES
Average Income Tax 25% - - - - - - -
TOTAL TAXES - - - - - - -
NET PROFIT (1,290.14) (1,772.15) (2,202.37) (2,575.61) (2,886.17) (3,127.78) (3,293.56)
Net Profit % -9% -11% -13% -13% -14% -13% -13%
Fitness Center Balance Sheet (Sample)
BALANCE SHEET PROJECTION
ASSETS
Current Assets Year-1 Year-2 Year-3 Year-4 Year-5
Cash and short-term investments 544,410.60 503,309.94 773,382.70 1,525,394.62 2,722,572.65
Total inventory 5,000.00 6,000.00 7,200.00 8,640.00 10,368.00
Accounts receivable 25,122.00 37,683.00 56,524.50 84,786.75 127,180.13
Total current assets 574,532.60 546,992.94 837,107.20 1,618,821.37 2,860,120.78
Property and Equipment Year 1 Year 2 Year 3 Year 4 Year 5
Equipment/Machinery/Compute/Laptop 50,000.00 65,000.00 84,500.00 109,850.00 142,805.00
Less Accumulated depreciation expense 5,000.00 11,500.00 19,950.00 30,935.00 45,215.50
Total Property and Equipment 45,000.00 53,500.00 64,550.00 78,915.00 97,589.50
Other Assets Year 1 Year 2 Year-3 Year-4 Year-5
Long-term investments 15,120.00 19,656.00 25,552.80 33,218.64 43,184.23
Deposits 12,500.00 16,250.00 21,125.00 27,462.50 35,701.25
Total Other Assets 27,620.00 35,906.00 46,677.80 60,681.14 78,885.48
TOTALASSETS 647,152.60 636,398.94 948,335.00 1,758,417.51 3,036,595.76
Fitness Center Balance Sheet (Sample)
LIABILITIES
Current Liabilities Year 1 Year 2 Year-3 Year-4 Year-5
Accounts payable 12,523.00 18,784.50 28,176.75 42,265.13 63,397.69
Accrued expenses 5,462.00 8,193.00 12,289.50 18,434.25 27,651.38
Notes payable/short-term debt - - - - -
Capital leases - - - - -
Total Current Liabilities 17,985.00 26,977.50 40,466.25 60,699.38 91,049.06
Debt Year 1 Year 2 Year-3 Year-4 Year-5
Long-term debt/Bank loan at 3.5% Interest 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
Loan Payment 20,000.00 40,000.00 60,000.00 80,000.00 100,000.00
Total Debt 180,000.00 160,000.00 140,000.00 120,000.00 100,000.00
TOTAL LIABILITIES 197,985.00 186,977.50 180,466.25 180,699.38 191,049.06
EQUITY Year 1 Year 2 Year 3 Year 4 Year 5
Equity 482,040.00 482,040.00 482,040.00 482,040.00 482,040.00
Net Income (32,872.40) 253.84 318,447.31 809,849.39 1,267,828.56
Retained earnings - (32,872.40) (32,618.56) 285,828.75 1,095,678.14
TOTAL EQUITY 449,167.60 449,421.44 767,868.75 1,577,718.14 2,845,546.70
TOTAL LIABILITIES AND EQUITY 647,152.60 636,398.94 948,335.00 1,758,417.51 3,036,595.76
Fitness Center Cashflow Statement (Sample)
CASH FLOW PROJECTION
Operating activities Year-1 Year-2 Year-3 Year-4 Year-5
Net income (32,872.40) 253.84 318,447.31 809,849.39 1,267,828.56
Depreciation and Amortisation 5,000.00 6,500.00 8,450.00 10,985.00 14,280.50
Accounts payable - - - - -
Prepaid Expense (25,122.00) (12,561.00) (18,841.50) (28,262.25) (42,393.38)
Inventory (5,000.00) (1,000.00) (1,200.00) (1,440.00) (1,728.00)
Accrued Expense, things that are paid at the end of the month - - - - -
Total operating activities (57,994.40) (6,807.16) 306,855.81 791,132.14 1,237,987.69
Investing activities Year-1 Year-2 Year-3 Year-4 Year-5
Capital expenditures (50,000.00) (15,000.00) (19,500.00) (25,350.00) (32,955.00)
Acquisition of business - - - - -
Sale of fixed assets - - - - -
Other investing cash flow items - - - - -
Total investing activities (50,000.00) (15,000.00) (19,500.00) (25,350.00) (32,955.00)
Fitness Center Cashflow Statement (Sample)
Financing activities Year-1 Year-2 Year-3 Year-4 Year-5
Preferred stock - - - - -
Total cash dividends paid - - - - -
Common stock 482,040.00 - - - -
Bank Loan 180,000.00 (20,000.00) (20,000.00) (20,000.00) (20,000.00)
Total financing activities 662,040.00 (20,000.00) (20,000.00) (20,000.00) (20,000.00)
Cumulative cash flow 544,410.60 (41,100.66) 270,072.76 752,011.92 1,197,178.03
Beginning cash balance 544,410.60 503,309.94 773,382.70 1,525,394.62
Ending cash balance 544,410.60 503,309.94 773,382.70 1,525,394.62 2,722,572.65
Fitness Center Ratio Analysis (Sample)
4.3
2.5
3.5
4.5
2.4
4.4
1.8
2.8
2 2
3
5
0
1
2
3
4
5
6
Category 1 Category 2 Category 3 Category 4
Series 1 Series 2 Series 3
4.3
2.5
3.5
4.5
2.4
4.4
1.8
2.8
2
2
3
5
0 2 4 6 8 10 12 14
Category 1
Category 2
Category 3
Category 4
Series 1 Series 2 Series 3
4.3
2.5
3.5 4.5
2.4
4.4 1.8
2.8
2 2
3 5
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Category 1 Category 2 Category 3 Category 4
Series 1 Series 2 Series 3
YEARLY SALES YEARLY PRODUCTIVITY YEARLY PROFIT
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
YEARLY SALES YEARLY PRODUCTIVITY YEARLY PROFIT
Appendix
 Copy of Business Registration Certificate ( If any)
 Copy of License ( If any)
 Employer Identification Number (EIN) ( If any)
 Bank Statement ( If any)
5 Weapons Needed for Fitness Center
Business Success
 Know Your Rules & Regulations about Food Industry
 Get Creative with menu and Service Providing
 Build – and Maintain – Your Brand
 Don’t Compromise about quality of food and Service
 Think About Branding NOT Profit
Why Fitness Center Fails
 Not knowing your audience
 Lack of Leadership & Hard Work
 Not Knowing Your Target Market
 Social Media Pitfalls
 On-site Execution
 Location, location, location
 Pricing Strategies
Fitness Center Business Exit Strategy
 Merger & Acquisition (M&A)
 Initial Public Offering (IPO).
 Sell to a friendly individual.
 Make it your cash cow.
 Liquidation and close
Sample Business Plan
Here is a Sample Business Plan that I have prepared for one of my clients who is looking for $2 Million
Industry I worked with
• Transport Industry
• Accommodation Industry
• Ambulatory Health Care Services
• Arts, Entertainment, and
Recreation
• Beverage and Tobacco Product
Manufacturing
• Building Material, Garden
Equipment and Supplies Dealers
• Clothing and Clothing Accessories
Stores
• Food Manufacturing
• Furniture and Related Product
Manufacturing
• Health and Personal Care Stores
• Mining, Quarrying, and Oil and
Gas Extraction
• Motor Vehicle and Parts Dealers
• Nursing and Residential Care
Facilities
• Personal and Laundry Services
• Plastics and Rubber Products
Manufacturing
• Professional and Business
Services
• Real Estate, Rental and Leasing
• Warehousing and Storage
• Waste Management and
Remediation Services
• Wholesale Trade
• Chemical Industry
• Computer Industry
• Agriculture industry
• Construction Industry
• Education Industry
• Pharmaceutical Industry
• Health care Industry
• Hospitality Industry
• Entertainment Industry
• News Media Industry
• Energy Industry
• Manufacturing Industry
• Music Industry
• Electronics Industry
• Retail Industry
• Fashion Industry
• SAAS, APP Industry
• Robotics
• Travel & Tourism Industry
• Restaurant Industry
• e-commerce Industry
• Personal Service Industry
• Finance Industry
• Relationship App, Site
• Motion Picture and Sound
Recording Industries
• Professional, Scientific, and
Technical Services
Testimonial
F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
Thank You
For More Details
My Blog: www.planforstartup.com
E-Mail: accruon@gmail.com
Do You want to Order Your Pitch Deck or Full Business Plan
(30+ Pages Business Plan with 15+ pages 5 years Financial
Plan)?
Order Here!
www.fiverr.com/businessfixxx

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Fitness Center Business Plan Template

  • 1. Fitness Center Business Plan Mohammad Anishur Rahman (MBA, ACA) Business and Financial Advisor www.PlanforStartup.com accr u o n @g mail.com , +8801515265698 F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
  • 2. Introduction F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
  • 3. Why Business Plan is so Important for Funding A survey Shows That 2,877 people completed the survey. Of those, 995 had completed a plan.  297 of them (36%) secured a loan  280 of them (36%) secured investment capital  499 of them (64%) had grown their business 1,556 of the 2,877 had not yet completed their plan.  222 of them (18%) secured a loan  219 of them (18%) secured investment capital  501 of them (43%) had grown their business
  • 4. Business Plan Requirements • For Personal, Bank and SBA Loan Purpose: • 30+ Pages Business Plan with 15+ Pages 3/5 years Financial Plan • For Investor Purpose: • 30+ Pages Business Plan with 15+ Pages 3/5 years Financial Plan (Additionally 15+ Pages Pitch Deck)
  • 5. Why do You need Business Plan? Funding Through Bank Loan or Investment? Attract Investors? Attract Partners? For a good Business Direction?
  • 6. How to write a Bank Loan Proposal Start your bank loan request by briefly explaining what your business does.  Executive summary from your business plan. Include essential business information.  Your name, the business’s legal name, your legal form of business, business address, the year the business was founded, annual sales, number of employees, key customers and any other indicators of success. Specify how much money you would like to borrow and what type of loan you are seeking.  Do you want a working capital loan to purchase inventory or a loan to buy a building for your business? Explain how you will use the loan proceeds to attain specific business goals.  Detail the measurable results you expect the loan to have on your business, such as increasing sales by 10% annually or doubling production capacity in six months. List any assets and debts.  State the assets you have that could be used as collateral for the loan, as well as any outstanding business debts and when they will be paid off.
  • 7. Financing Options Leasing Equipment Loan/Financing Program Rollover For Business Startups (ROBS) SBA Loan Find Investors Attract Partners Crowdfunding Bank Loan Loan from relatives
  • 8. Executive Summery F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
  • 9. Executive Summery The Business Opportunity The Target market The Competition Mission Statement Vision Statement Objective Company Information Business Highlights Future goals Location based on days What? How? When? Where?
  • 10. Problem & Solution Define the Problem that you are facing in the Fitness Center Market ----------------------------------------------------------------------------------------- Assess the Problem and Give your solution through your Organization -----------------------------------------------------------------------------------------
  • 11. Fitness Center Owners /Partners • 20% • 25% • 25% • 30% Owner-1 Owner-2 Owner-4 Owner-3
  • 12. Fitness Center Startup Expenses  Total Fee for incorporating the Business  Budget for basic insurance policy covers, permits and business license  Suitable Space in a business district 6 months (Re – Construction of the facility inclusive)  The Cost for equipping the office (computers, software applications, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics)  The Cost of Launching your official Website  Budget for paying at least one employees for 3 months plus utility bills  Additional Expenditure (Business cards, Signage, Adverts and Promotions et al)  Miscellaneous
  • 13. Company Name, Logo 1. Find out an Easily Readable Name 2. Hire a professional designer for design 3. Make it easy to read 4. Match the design to your products and Service 5. Make a letterheaded paper with Your Logo
  • 14. Human Resource Management F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
  • 16. Management Job Responsibilities  CEO  -------------  -------------  -------------  -------------  -------------  Manager  -------------  -------------  -------------  -------------  -------------  Inventory & Purchase  -------------  -------------  -------------  -------------  -------------  Supervisor  -------------  -------------  -------------  -------------  -------------
  • 17. Fitness Center Operational Plan F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
  • 18.  General: Do an outline of your business' day-to-day operations  The physical plant: Describe the type, site, and location of premises for your business.  Equipment: Describing the equipment necessary and how much of it you need  Assets: Make a list of your assets, such as land, buildings, inventory, furniture, equipment, and vehicles.  Special requirements: Special requirements, such as water or power needs, drainage, etc. ( If needed)  Materials: State where you're going to get the materials you need to produce your product or service  Production: Explain when and how you'll be able to start producing your product or service.  Inventory and Cost: Explain how you'll keep track of inventory and Give details of product cost estimates.. Fitness Center Operational Plan
  • 19.  Supplier Information  Name  Office and factory Address  Phone Number  Third Party  Name  Office and factory Address  Phone Number Process of Your Fitness Center Operation
  • 21. Market F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
  • 22. Research Your Target Market • Available Areas: • Find out an area to Establish Your Business • Competition: • Analyze the competition • Local & State Regulations: • Know the rules and regulations of the Industry
  • 23. 80% 40% 70% 30% 75% 72% 2013 2014 2015 2016 2017 2018 2016 2017 2018  Target Market  Market Segment  Market Size analysis  Market Trends Analysis  Competition Fitness Center Market Analysis Describe here
  • 24. Target Market Demographics  Breakdown by any combination: age, gender, income, education, ethnicity, marital status, education, household (or business), size, length of residence, type of residence or even profession/Occupation. Psychographics  This refers to 'personality and emotions' based on behaviour, linked to purchase choices, including attitudes, lifestyle, hobbies, risk aversion, personality and leadership traits. Lifestyle  This refers to Hobbies, recreational pursuits, entertainment, vacations, and other non-work time pursuits.
  • 25. Target Market Belief and Values  Refers to Religious, political, nationalistic and cultural beliefs and values. Life Stages  Life Stages is the Chronological benchmarking of people’s lives at different stages. Geography  Drill down by Country, region, area, metropolitan or rural location, population density or even climate.
  • 26. Fitness Center Market Size Health and fitness clubs provide their customers with the infrastructure for their workouts and physical activity in exchange for a membership fee. The market size of the global fitness and health club industry has been steadily increasing in recent years, exceeding 96 billion U.S. dollars in 2019. Some of the largest health clubs worldwide in terms of revenue include 24 Hour Fitness and Life Time Fitness. At the very top of this list sits LA Fitness, which generated revenue exceeding two billion U.S. dollars in 2018. Many of these health clubs are exclusive to the United States and, in fact, the aforementioned three companies also top the list of the largest health clubs by revenue within the United States. The fitness industry certainly appears to be on the up, with the number of fitness enterprises in the United States rising significantly in the last decade. However, these projections are likely to be impacted by the coronavirus pandemic which swept across the globe in 2020. Many health and fitness clubs were closed for months on end in an attempt to stem the flow of the disease and gyms were left empty as people were encouraged and, in some cases, legally required to stay at home.
  • 27. Fitness Center Industry Analysis Review available reports Approach the correct industry Demand & supply scenario Competitiv e scenario (Porter’s Fi ve Forces Model) Recent developme nts Focus on industry dynamics
  • 28. S W T O S T R E N GT H Describe your Strength. O P P O RT U N I T Y T H R E AT W E A K N E S S Fitness Center SWOT ANALYSIS Describe your Opportunity. Describe your Weakness Describe your Threat
  • 29. Competitor Analysis  Find Your Competitors  Determine who your competitors are.  Take a look of their food pricing  Determine what foods your competitors offer.  Research your competitors sales tactics and results.  Analyze how your competitors market their products.  Take note of your competition's content strategy.  Analyze the level of engagement on your competitor's  Observe how they promote their marketing content.
  • 30. Sales & Marketing Plan F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
  • 31. Marketing Objectives  To Design and Implement Marketing Control  Increase customer lifetime value  Engaged audience  Increased brand awareness  Positive Food reviews  Launch product or service in a new market  Increase profitability and Improve ROI  To Know Market Costs and Profits  Grow Digital Presence
  • 32. Marketing Strategy Step 1: Take a snapshot of your company’s current situation. Step 2: Define who your target audience is. Step 3: Make a list of your marketing goals. Step 4: Research marketing tactics Step 5: Set your marketing budget.
  • 33. Offline Marketing Plan  Engage Local Media  Rent Billboard Space  Talk to the Press  Create Branded Merchandise  Network All the Time  Run Cross-Promotions  Connect with Your Community  Distribute Printed Materials  Hand Out Business Cards  Talk to Customers  Send Actual Mail
  • 34. Online Marketing Plan Facebook Advertising Google My Business Content Marketing Organic Social Media Email Marketing Promote A Free Consultation Speak At Events
  • 35. Marketing Budgets  Yellow Pages = $$  Sales letter mailing to prospects = $$  Clerical help on mailing list = $$  Advertising in local business magazine = $$  Advertising in newspaper business section = $$  Brochure design and copywriting = $$  Brochure printing = $$  Registration for business exhibitions = $$  Attend training session = $$  Charity Donation
  • 36. Financial Plan and Forecast F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
  • 37. Financial Plan and Forecast  Startup Expenses  Assumptions  Sales Projections  Payroll Sheet  3/5 Years Monthly Cost Estimation  3/5 Years Break Even Analysis  3/5 Years Financial Ratio Analysis  3/5 Years Profit & loss Statement  3/5 Years Cash flow Projections  3/5 Years Balance Sheet  Ratio Analysis
  • 38. Fitness Center Startup Expenses (Sample) Startup Amount Preliminary Expenses Legal fees (Lawyer, tax consultant) $ 700.00 Marketing research, traveling $ 50,000.00 Sub-Total $ 50,700.00 Fixed Assets Equipment $ 45,000.00 Space lease for the first 6 months $ 15,000.00 Restaurant equipment(Desk, chairs, supplies, printers etc.,) $ 15,000.00 Software integration $ 5,000.00 Sub-Total $ 80,000.00 Other: Backend Staff Salaries Yearly $ 100,000.00 Office Rents & Operation Cost: (Office Rents, Utilities, Internet cost) $ 20,000.00 Misc $ 5,000.00 Sub-Total $ 125,000.00 Total Requirements $ 255,700.00
  • 39. Fitness Center Sales Forecast (Sample) Year-1 CBD Oil 2019 Global Market Expected to Grow at CAGR 39.19 % and Forecast to 2023 Revenue Sources Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7 Product Service-1 $ 2,570.00 $ 2,570.00 $ 2,570.00 $ 2,570.00 $ 2,570.00 $ 2,570.00 $ 2,570.00 Number of Clients Per Month 10 11 12 13 15 16 18 Product Service-2 $ 2,040.00 $ 2,040.00 $ 2,040.00 $ 2,040.00 $ 2,040.00 $ 2,040.00 $ 2,040.00 Number of Clients Per Month 12 13 15 16 18 19 21 Product Service-3 $ 3,690.00 $ 3,690.00 $ 3,690.00 $ 3,690.00 $ 3,690.00 $ 3,690.00 $ 3,690.00 Number of Clients Per Month 15 17 18 20 22 24 27 Product Service-4 $ 4.70 $ 4.70 $ 4.70 $ 4.70 $ 4.70 $ 4.70 $ 4.70 Number of Clients Per Month 10 11 12 13 15 16 18 Total Revenue £ 105,577.00 £ 116,134.70 £ 127,748.17 £ 140,522.99 £ 154,575.29 £ 170,032.81 £ 187,036.10 Year-2 Revenue Sources Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7 Product Service-1 $ 2,698.50 $ 2,698.50 $ 2,698.50 $ 2,698.50 $ 2,698.50 $ 2,698.50 $ 2,698.50 Number of Clients Per Month 31 33 36 39 42 45 49 Product Service-2 $ 2,142.00 $ 2,142.00 $ 2,142.00 $ 2,142.00 $ 2,142.00 $ 2,142.00 $ 2,142.00 Number of Clients Per Month 37 40 43 47 50 54 59 Product Service-3 $ 3,874.50 $ 3,874.50 $ 3,874.50 $ 3,874.50 $ 3,874.50 $ 3,874.50 $ 3,874.50 Number of Clients Per Month 46 50 54 58 63 68 73 Product Service-4 $ 5,197.50 $ 5,197.50 $ 5,197.50 $ 5,197.50 $ 5,197.50 $ 5,197.50 $ 5,197.50 Number of Clients Per Month 31 33 36 39 42 45 49 Total Revenue £ 501,589.39 £ 541,716.54 £ 585,053.86 £ 631,858.17 £ 682,406.82 £ 736,999.37 £ 795,959.32
  • 40. Fitness Center Loan Amortization (Sample)
  • 41. Fitness Center Payroll (Sample) Particulars Year-1 Year-2 Year-3 Year-4 Year-5 Staff Count Per Position Owner 1 1 1 1 1 IT tech/support 1 1 1 1 1 Developer and research Manager 1 1 1 1 1 Marketing Manager 2 2 2 3 3 Accountant 1 1 1 1 1 Communication Manager 1 1 1 2 2 Finance manager 1 1 1 1 1 Wage per position per Month Owner $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 IT tech/support $ 18.00 $ 18.00 $ 18.00 $ 18.00 $ 18.00 Developer and research Manager $ 18.00 $ 18.00 $ 18.00 $ 18.00 $ 18.00 Marketing Manager $ 16.00 $ 16.00 $ 16.00 $ 16.00 $ 16.00 Accountant $ 18.00 $ 18.00 $ 18.00 $ 18.00 $ 18.00 Communication Manager $ 15.00 $ 15.00 $ 15.00 $ 15.00 $ 15.00 Finance manager $ 18.00 $ 18.00 $ 18.00 $ 18.00 $ 18.00
  • 42. Fitness Center Payroll (Sample) Weekly Hours Owner 0 0 0 0 0 IT tech/support 40 40 40 40 40 Developer and research Manager 40 40 40 40 40 Marketing Manager 40 40 40 40 40 Accountant 40 40 40 40 40 Communication Manager 40 40 40 40 40 Finance manager 40 40 40 40 40 Payroll Per Position (Count x Salary) Owner $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 IT tech/support $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 Developer and research Manager $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 Marketing Manager $ 61,440.00 $ 61,440.00 $ 61,440.00 $ 92,160.00 $ 92,160.00 Accountant $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 Communication Manager $ 28,800.00 $ 28,800.00 $ 28,800.00 $ 57,600.00 $ 57,600.00 Finance manager $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 $ 34,560.00 Total Payroll $ 248,480.00 $ 248,480.00 $ 248,480.00 $ 308,000.00 $ 308,000.00
  • 43. Fitness Center Break Even Point (Sample) YEAR-1 Particulars Product Unit Price Amount Remarks Fixed Cost 143,640.00 variable Cost $ 834.00 30% Sales Price 2,780.00 Average Charge Per product Units Increment Break Even Point 74 Targeted units per Year to cover the loss Break Even Sales Amount 205,200.00 Target Sales value to recover loss Unit Fixed Cost Variable Cost Total Cost Sales 0 143,640.00 - 143,640.00 - 10 143,640.00 8,340.00 151,980.00 27,800.00 20 143,640.00 16,680.00 160,320.00 55,600.00 30 143,640.00 25,020.00 168,660.00 83,400.00 40 143,640.00 33,360.00 177,000.00 111,200.00 50 143,640.00 41,700.00 185,340.00 139,000.00 60 143,640.00 50,040.00 193,680.00 166,800.00 70 143,640.00 58,380.00 202,020.00 194,600.00 80 143,640.00 66,720.00 210,360.00 222,400.00 90 143,640.00 75,060.00 218,700.00 250,200.00 100 143,640.00 83,400.00 227,040.00 278,000.00 - 50,000.00 100,000.00 150,000.00 200,000.00 250,000.00 300,000.00 1 2 3 4 5 6 7 8 9 10 11 BEP Total Cost Sales
  • 44. Fitness Center Profit & loss Statement (Sample) PROFIT AND LOSS PROJECTION Year 1 Details Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7 Revenue 14,388.50 15,827.35 17,410.09 19,151.09 21,066.20 23,172.82 25,490.11 COGS 60% 8,633.10 9,496.41 10,446.05 11,490.66 12,639.72 13,903.69 15,294.06 Commission to Store Seller 10% 575.54 633.09 696.40 766.04 842.65 926.91 1,019.60 Gross Margin 5,179.86 5,697.85 6,267.63 6,894.39 7,583.83 8,342.22 9,176.44 Gross Margin 36% 36% 36% 36% 36% 36% 36% EXPENSES Operating expenses Payroll 2,920.00 2,920.00 2,920.00 2,920.00 2,920.00 2,920.00 2,920.00 Rent 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 Internet 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Printer inks & Papers 50.00 50.00 50.00 50.00 50.00 50.00 50.00 Water, Tea, Coffe, Tissues, etc 50.00 50.00 50.00 50.00 50.00 50.00 50.00 Platform Upgrade and Maintaining Cost 500.00 500.00 500.00 500.00 500.00 500.00 500.00 Renting Dedicated Server 250.00 250.00 250.00 250.00 250.00 250.00 250.00 Marketing campaign 1,000.00 2,000.00 3,000.00 4,000.00 5,000.00 6,000.00 7,000.00 Utilities 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Total operating expenses 6,470.00 7,470.00 8,470.00 9,470.00 10,470.00 11,470.00 12,470.00 TOTAL EXPENSES 6,470.00 7,470.00 8,470.00 9,470.00 10,470.00 11,470.00 12,470.00 TOTAL OPERATING INCOME (1,290.14) (1,772.15) (2,202.37) (2,575.61) (2,886.17) (3,127.78) (3,293.56) TAXES Average Income Tax 25% - - - - - - - TOTAL TAXES - - - - - - - NET PROFIT (1,290.14) (1,772.15) (2,202.37) (2,575.61) (2,886.17) (3,127.78) (3,293.56) Net Profit % -9% -11% -13% -13% -14% -13% -13%
  • 45. Fitness Center Balance Sheet (Sample) BALANCE SHEET PROJECTION ASSETS Current Assets Year-1 Year-2 Year-3 Year-4 Year-5 Cash and short-term investments 544,410.60 503,309.94 773,382.70 1,525,394.62 2,722,572.65 Total inventory 5,000.00 6,000.00 7,200.00 8,640.00 10,368.00 Accounts receivable 25,122.00 37,683.00 56,524.50 84,786.75 127,180.13 Total current assets 574,532.60 546,992.94 837,107.20 1,618,821.37 2,860,120.78 Property and Equipment Year 1 Year 2 Year 3 Year 4 Year 5 Equipment/Machinery/Compute/Laptop 50,000.00 65,000.00 84,500.00 109,850.00 142,805.00 Less Accumulated depreciation expense 5,000.00 11,500.00 19,950.00 30,935.00 45,215.50 Total Property and Equipment 45,000.00 53,500.00 64,550.00 78,915.00 97,589.50 Other Assets Year 1 Year 2 Year-3 Year-4 Year-5 Long-term investments 15,120.00 19,656.00 25,552.80 33,218.64 43,184.23 Deposits 12,500.00 16,250.00 21,125.00 27,462.50 35,701.25 Total Other Assets 27,620.00 35,906.00 46,677.80 60,681.14 78,885.48 TOTALASSETS 647,152.60 636,398.94 948,335.00 1,758,417.51 3,036,595.76
  • 46. Fitness Center Balance Sheet (Sample) LIABILITIES Current Liabilities Year 1 Year 2 Year-3 Year-4 Year-5 Accounts payable 12,523.00 18,784.50 28,176.75 42,265.13 63,397.69 Accrued expenses 5,462.00 8,193.00 12,289.50 18,434.25 27,651.38 Notes payable/short-term debt - - - - - Capital leases - - - - - Total Current Liabilities 17,985.00 26,977.50 40,466.25 60,699.38 91,049.06 Debt Year 1 Year 2 Year-3 Year-4 Year-5 Long-term debt/Bank loan at 3.5% Interest 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 Loan Payment 20,000.00 40,000.00 60,000.00 80,000.00 100,000.00 Total Debt 180,000.00 160,000.00 140,000.00 120,000.00 100,000.00 TOTAL LIABILITIES 197,985.00 186,977.50 180,466.25 180,699.38 191,049.06 EQUITY Year 1 Year 2 Year 3 Year 4 Year 5 Equity 482,040.00 482,040.00 482,040.00 482,040.00 482,040.00 Net Income (32,872.40) 253.84 318,447.31 809,849.39 1,267,828.56 Retained earnings - (32,872.40) (32,618.56) 285,828.75 1,095,678.14 TOTAL EQUITY 449,167.60 449,421.44 767,868.75 1,577,718.14 2,845,546.70 TOTAL LIABILITIES AND EQUITY 647,152.60 636,398.94 948,335.00 1,758,417.51 3,036,595.76
  • 47. Fitness Center Cashflow Statement (Sample) CASH FLOW PROJECTION Operating activities Year-1 Year-2 Year-3 Year-4 Year-5 Net income (32,872.40) 253.84 318,447.31 809,849.39 1,267,828.56 Depreciation and Amortisation 5,000.00 6,500.00 8,450.00 10,985.00 14,280.50 Accounts payable - - - - - Prepaid Expense (25,122.00) (12,561.00) (18,841.50) (28,262.25) (42,393.38) Inventory (5,000.00) (1,000.00) (1,200.00) (1,440.00) (1,728.00) Accrued Expense, things that are paid at the end of the month - - - - - Total operating activities (57,994.40) (6,807.16) 306,855.81 791,132.14 1,237,987.69 Investing activities Year-1 Year-2 Year-3 Year-4 Year-5 Capital expenditures (50,000.00) (15,000.00) (19,500.00) (25,350.00) (32,955.00) Acquisition of business - - - - - Sale of fixed assets - - - - - Other investing cash flow items - - - - - Total investing activities (50,000.00) (15,000.00) (19,500.00) (25,350.00) (32,955.00)
  • 48. Fitness Center Cashflow Statement (Sample) Financing activities Year-1 Year-2 Year-3 Year-4 Year-5 Preferred stock - - - - - Total cash dividends paid - - - - - Common stock 482,040.00 - - - - Bank Loan 180,000.00 (20,000.00) (20,000.00) (20,000.00) (20,000.00) Total financing activities 662,040.00 (20,000.00) (20,000.00) (20,000.00) (20,000.00) Cumulative cash flow 544,410.60 (41,100.66) 270,072.76 752,011.92 1,197,178.03 Beginning cash balance 544,410.60 503,309.94 773,382.70 1,525,394.62 Ending cash balance 544,410.60 503,309.94 773,382.70 1,525,394.62 2,722,572.65
  • 49. Fitness Center Ratio Analysis (Sample)
  • 50. 4.3 2.5 3.5 4.5 2.4 4.4 1.8 2.8 2 2 3 5 0 1 2 3 4 5 6 Category 1 Category 2 Category 3 Category 4 Series 1 Series 2 Series 3 4.3 2.5 3.5 4.5 2.4 4.4 1.8 2.8 2 2 3 5 0 2 4 6 8 10 12 14 Category 1 Category 2 Category 3 Category 4 Series 1 Series 2 Series 3 4.3 2.5 3.5 4.5 2.4 4.4 1.8 2.8 2 2 3 5 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Category 1 Category 2 Category 3 Category 4 Series 1 Series 2 Series 3 YEARLY SALES YEARLY PRODUCTIVITY YEARLY PROFIT 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr YEARLY SALES YEARLY PRODUCTIVITY YEARLY PROFIT
  • 51. Appendix  Copy of Business Registration Certificate ( If any)  Copy of License ( If any)  Employer Identification Number (EIN) ( If any)  Bank Statement ( If any)
  • 52. 5 Weapons Needed for Fitness Center Business Success  Know Your Rules & Regulations about Food Industry  Get Creative with menu and Service Providing  Build – and Maintain – Your Brand  Don’t Compromise about quality of food and Service  Think About Branding NOT Profit
  • 53. Why Fitness Center Fails  Not knowing your audience  Lack of Leadership & Hard Work  Not Knowing Your Target Market  Social Media Pitfalls  On-site Execution  Location, location, location  Pricing Strategies
  • 54. Fitness Center Business Exit Strategy  Merger & Acquisition (M&A)  Initial Public Offering (IPO).  Sell to a friendly individual.  Make it your cash cow.  Liquidation and close
  • 55. Sample Business Plan Here is a Sample Business Plan that I have prepared for one of my clients who is looking for $2 Million
  • 56. Industry I worked with • Transport Industry • Accommodation Industry • Ambulatory Health Care Services • Arts, Entertainment, and Recreation • Beverage and Tobacco Product Manufacturing • Building Material, Garden Equipment and Supplies Dealers • Clothing and Clothing Accessories Stores • Food Manufacturing • Furniture and Related Product Manufacturing • Health and Personal Care Stores • Mining, Quarrying, and Oil and Gas Extraction • Motor Vehicle and Parts Dealers • Nursing and Residential Care Facilities • Personal and Laundry Services • Plastics and Rubber Products Manufacturing • Professional and Business Services • Real Estate, Rental and Leasing • Warehousing and Storage • Waste Management and Remediation Services • Wholesale Trade • Chemical Industry • Computer Industry • Agriculture industry • Construction Industry • Education Industry • Pharmaceutical Industry • Health care Industry • Hospitality Industry • Entertainment Industry • News Media Industry • Energy Industry • Manufacturing Industry • Music Industry • Electronics Industry • Retail Industry • Fashion Industry • SAAS, APP Industry • Robotics • Travel & Tourism Industry • Restaurant Industry • e-commerce Industry • Personal Service Industry • Finance Industry • Relationship App, Site • Motion Picture and Sound Recording Industries • Professional, Scientific, and Technical Services
  • 57. Testimonial F o r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
  • 58. Thank You For More Details My Blog: www.planforstartup.com E-Mail: accruon@gmail.com Do You want to Order Your Pitch Deck or Full Business Plan (30+ Pages Business Plan with 15+ pages 5 years Financial Plan)? Order Here! www.fiverr.com/businessfixxx

Editor's Notes

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