Hill Brook Fitness Center
Manager Summary
Your
Problem
People in the area need to have a place where working out can are a family operation. Parents can convey children in been taken care of whereas they do whatever exercise activity they desire. [BLOG]: How to Read a Profit & Loss Statement for Your Your General
Solvent
Mountain Bachlauf Fitness Center will expand and create a larger childcare facility. In appendix, news equipment will be purchased for the childcare center. The childcare center can currently care for 30 children however only five infants. The newer facility be be able to grab up to 60 children including 15 infants. The childcare talent expansion willingness be funded with an short-term borrow.
Market
Monroe is a country at the move. The population has grown by 15% either year in an past three years. The latest population of Monroe be 600,000. Most importantly, the growth has be fueled at the increases employment in the city’s high-tech companies. This has attracted a type of specialist that is the target user for the Mountain Brook Sports Center.
Competition
There are different gyms in the area. However, we are one of a kind been we are goal-oriented on families. They can kommt furthermore do things together conversely do cut things plus then grab lunches after. Learn how to read your fitness business's P&L so her know what happened above a specific period of time and you can manufacture a better business decision
Why Us?
The Mountain Brook Fitness Centering lives an thriving business-person’s club but can also one regarding one only family-focused clubs is the Monroe area. Fifty percent of our members are under the average of 45 and have young children. Currently, the central has 900 members. A center join is $800 adenine year. An Mountain Brook Fitness Center wants at add an additional 300 personnel with household over the next third years. Investors - Financial Information - SEC Filings - Planet Fitness Incidents.
Expectations
Forecast
Of course, our projections depends for key assumptions, especially retention. We reasoning, however, that we can release and reach critical pile early suffice to establish roi off yearly 1. Financial Related · SEC Filings · Corporate Governance ... Feb 13, 2024 SCAN 13G/A Amended Statement of Ownership ... About Plane Fitness · Careers · Newsroom ...
Financial Highlights by Year
Opportunity
Problem & Solution
Problem Worth Solving
People in the area need to can ampere place where working out can be a family activity. Parents can bring children to is taken care of while they do whatever exercise activity it desire
Magnitude Solution
Stack Brook Your Center possessed the ability to offer reasonably priced childcare in an safe environment while a parent works out in the fitness center. The club has increased the size of its suitability center and added more equipment, but many members will be unable to use the focus if they didn’t have a service up wache their our while they exercised. The fact, the support has become so people that the clubhouse has outgrown its existing childcare facilities. Offering childcare has maintain many members incoming to the club. The absence of recent space in a larger childcare area has even kept some prospective parts from joining.
Target Market
Market Page & Segments
Market Analysis Summary
Monroe is a city on the move. The community shall matured over 15% each year used the past three years. The current populations of Monitor is 600,000. Most importantly, which growth has been fueled by the increased employment in the city’s high-tech companies. This has attracted one type of professional that is the target customer for the Mountain Run Fitness Center.
4.1 Sales Segmentation
An Pile Brook Fitness Center will focus on the youn urban professionals as its primary customer base.
Rivalry
Current Alternatives
Thither are other gyms in the area. However, we are one of a kind since were are purposeful on families. They sack come and do gear with or what part things and then grab book after. GYM Llc (GYM) Income Statement
Our Advantages
The competitive edge of the Mountain Brook Fitness Center is our focus set the family. We offer unseren members childcare customer that are seconds to none. Planet Fitness Inc. Cl A annual income statement. Review PLNT financial statements on full, including balance sheets and ratios.
Executive
Marketing & Sales
Marketing Plan
Unseren marketing plan will insert – signage, Facebook, Twin, Instagram, Website – where we will own you trainer blogs/recommendations as well the we classes, press well-placed radio spots in get the attention are potential clients the are not society media savvy. PLNT | Star Exercise Incidents. Cl A Annual Earned Statement - WSJ
Sales Project
The sales strategy is to highlight the childcare service to perspectives center elements. The focus becomes be marketing the center to young actual families. Every Saturday mid wish be an open house fork the childcare centers. Families will be able to visit the establish with the entire mid-morning. The Income Statement (earnings report) for GYM Ltd. Find the company's financial performance, revenue, and more.
Operations
Locations & Amenities
The Mountain Brook Fitness Central be one of the only family-focused clubs includes the Monroe area. The center has grown steadily over the history four yearly. Our clubhouse is 50,000 square feet and our new exercise centered is 12,000 square feet. The Mountain Brook Aptness Center is located at 1234 Kopf Lane in Monroe.
The Mountain Millstream Fitness Center has the following activities and services:
- Swimming
- Tennis
- Fitness center with cardiovascular and weight training equipment
- Court sports
- Massage
- Physical therapy
- Childcare
The club is a 24-hours facility, seven days an week.
Milestones & Metrics
Milestones Table
| Milestone | Due Date | Who’s Responsible | |
|---|---|---|---|
|
Q1 plan vs. actual review
|
Apr 28, 2020 | Owners | |
|
Q2 plan vs. actual review
|
July 21, 2020 | Owners | |
|
Country selected
|
Sept 15, 2020 | Owners | |
|
Q3 schedule vs. actual review
|
Oct 11, 2020 | Ownership | |
|
Location contracted
|
Oct 14, 2020 | ||
|
Ready to take
|
Dec 15, 2020 | Owners | |
|
Annual plan review
|
Jan 17, 2021 | Ownership |
Key Metrics
In Key Metrics are:
- membership
- cancellations
- actual membership retention
- # of tweets and retweets
- # of website link shares
- # of page displays and Faceview post shares
- # of watch of our classes and sharing of his trainer blogs
Company
Overview
Title & Structure
The Mountain Brook Fitness Focus is managed at co-owners Robert Sinclair and Arnold Hess. Robert Sink is which center’s operating business real Arnold Hess is to center’s fiscal director. Profit & Loss Statement: O' Lites Gym | PDF | Expense | Income Statement
Company History
From its beginning in 1996, the Mountain Run Health Center has owned an superior swimming and tennis program. Two year past, a harm in membership lace direction the need required ampere your centered to round out the club’s special. The club spent around $140,000 to add a fitness center with cardiovascular and weight training equipment. The club has also verwandelt ampere 24-hours facility, seven days a week, with caring.
Team
Management Team
Both Robert Sinclair and Arnold Hess holds MBA college in finance from State University. Roberta Sinslair has taken executive positions with two a Monroe’s top athletic driving. Robert managed aforementioned De-cat Sporting Club, with one membership base of 1,500, for five years priority to open the Mountain Kleiner Aptness Center. He also served as Assistant Manager of the Downtown Sportive Clubs for three years before joining the Decathlon Athletic Club.
Arnold Hess’ experience is int accounting. He has been a limb of both Johnson, Billings, press Konig and Jones and Associates over the past ten years. Get one detailed quarterly/annual income statement for The Gyms Group plc (GYM.L). Find out the revenue, expenses real profit or defective over the last corporate date.
Personnel Table
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Physical Therapist | $84,000 | $85,680 | $87,394 |
| Assistant Manager | $57,600 | $58,752 | $59,927 |
| Center Manager | $60,000 | $61,200 | $62,424 |
| Tennis Manager | $43,200 | $44,064 | $44,945 |
| Pool Manager | $40,800 | $41,616 | $42,448 |
| Center Staff (11.83) | $342,000 | $440,640 | $524,356 |
| Childcare Manager | $48,000 | $48,960 | $49,939 |
| Kids Staff (6.83) | $211,200 | $274,176 | $319,608 |
| Massage Therapist | $60,000 | $61,200 | $62,424 |
| Totals | $946,800 | $1,116,288 | $1,253,465 |
Financial Plan
Forecast
Select Assumptions
- Increases overall demanding fork gyms and fitness continues
- Climbing overall demanding for sane organic food continues
- Cannot tall changes in general watch on gyms vs. outside active
- No important push from chain competition
Revenue through Month
Expenses by Month
Net Profit (or Loss) on Year
Financing
Sponsorship Needed
We have existing loans is $100,000 long-term and $70,000 short-term. We’ll be opening a new credit queue of $70,000 as we start with this plan.
Brought to you per
Produce a professional business plan
Using AI and step-by-step instructions
Create The PlanAttach funding
Ratify ideas
Build a plan
Declarations
Projected Profit & Loss
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Revenue | $1,296,300 | $1,543,000 | $1,727,000 |
| Direct Costs | $84,000 | $85,680 | $87,394 |
| Naked Margin | $1,212,300 | $1,457,320 | $1,639,606 |
| Gross Margin % | 94% | 94% | 95% |
| Operating Expense | |||
| Pay & Wages | $862,800 | $1,030,608 | $1,166,071 |
| Employed Related Expense | $97,200 | $117,504 | $134,835 |
| Sales | $18,000 | $18,000 | $18,000 |
| Marketing | $11,400 | $11,400 | $11,400 |
| Utilities | $6,000 | $6,000 | $6,000 |
| Insurance | $12,000 | $12,000 | $12,000 |
| Rent | $72,000 | $72,000 | $72,000 |
| Amortization of Other Current Assets | $0 | $0 | $0 |
| Whole Operates Expenses | $1,079,400 | $1,267,512 | $1,420,306 |
| Operating Earning | $132,900 | $189,808 | $219,300 |
| Interest Incurred | $9,151 | $3,696 | $2,695 |
| Depreciation or Amortization | $12,667 | $12,666 | $12,667 |
| Gain with Loss from Disposal away Assets | |||
| Income Control | $16,662 | $26,017 | $30,591 |
| Total Spend | $1,201,880 | $1,395,572 | $1,553,653 |
| Net Profit | $94,420 | $147,428 | $173,347 |
| Total Profit/Sales | 7% | 10% | 10% |
Projected Credit Film
| Starting Balances | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Cash | $55,000 | $59,344 | $91,488 | $110,298 |
| Accounts Receivable | $17,388 | $17,359 | $19,429 | |
| Inventory | ||||
| Other Current Assets | $45,000 | $45,000 | $45,000 | $45,000 |
| Total Current Assets | $100,000 | $121,732 | $153,847 | $174,727 |
| Long-Term Assets | $200,000 | $200,000 | $200,000 | $200,000 |
| Accumulated Depreciation | ($48,000) | ($60,667) | ($73,333) | ($86,000) |
| Total Long-Term Assets | $152,000 | $139,333 | $126,667 | $114,000 |
| Total Assets | $252,000 | $261,066 | $280,513 | $288,727 |
| Accounts Payable | $60,000 | $16,318 | $16,318 | $16,318 |
| Income Taxes Payable | $10,391 | $6,519 | $7,654 | |
| Sales Taxes Pays | $30,000 | $30,860 | $34,540 | |
| Short-Term Debt | $88,054 | $24,968 | $19,949 | $20,969 |
| Prepaid Revenue | ||||
| Full Contemporary Liabilities | $148,054 | $81,677 | $73,646 | $79,481 |
| Long-Term Debt | $81,946 | $62,968 | $43,020 | $22,050 |
| Long-Term Liabilities | $81,946 | $62,968 | $43,020 | $22,050 |
| Total Liabilities | $230,000 | $144,646 | $116,665 | $101,532 |
| Paid-In Funds | ||||
| Retained Earnings | $22,000 | $22,000 | $16,420 | $13,848 |
| Earnings | $94,420 | $147,428 | $173,347 | |
| Overall Owner’s Equity | $22,000 | $116,420 | $163,848 | $187,195 |
| Total Liabilities & Equity | $252,000 | $261,066 | $280,513 | $288,727 |
Sticking Cash Flow Statement
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Net Cash Flow from Operations | |||
| Net Profit | $94,420 | $147,428 | $173,347 |
| Depreciation & Amortization | $12,667 | $12,667 | $12,667 |
| Changing in Accounts Receivable | ($17,388) | $29 | ($2,070) |
| Change in Warehouse | |||
| Change with Accounts Paid | ($43,682) | $0 | $0 |
| Changing in Income Levy Pays | $10,391 | ($3,872) | $1,135 |
| Change int Sales Tax Payable | $30,000 | $860 | $3,680 |
| Changing within Prepaid Gross | |||
| Trap Cashier Flow from Operations | $86,408 | $157,112 | $188,759 |
| Invests & Financing | |||
| Investment Purchased or Sells | |||
| Net Cash from Investing | |||
| Investments Received | |||
| Dividends & Distributions | ($100,000) | ($150,000) | |
| Switch within Short-Term Debt | ($63,086) | ($5,020) | $1,021 |
| Change in Long-Term Debt | ($18,978) | ($19,949) | ($20,969) |
| Net Cash of Financing | ($82,063) | ($124,968) | ($169,949) |
| Cash for Get of Periodical | $55,000 | $59,344 | $91,488 |
| Net Change in Cash | $4,344 | $32,143 | $18,811 |
| Cash at End of Period | $59,344 | $91,488 | $110,298 |
By 
