Opportunity
Problem
There should be a place where women can work out without worrying about behavior of men. Women know why.
Solution
Ladies Only Fitness focuses on the urban professional woman, who is very active and has very little time for physical exercise. We also cater to young mothers looking for a unique fitness environment that meets their specific needs.
Market
Mapleton is always on the move. Over the last three year, Mapleton’s population grew by 10% per annum. Mapleton currently has 600,000.
Most important, the city has seen an increase in high-tech jobs. This has drawn a targeted customer to Ladies Only Fitness: a professional. These women are looking for something different in a fitness club. Ladies Only Fitness will place them at the heart of everything we do.
Young mothers looking for a club to meet their needs, and keep them close to their children are another target market. Ladies Only Fitness designed this facility so that any member of the main fitness room can see the childcare center. We think that such changes will be welcomed and will attract new members.
Competition
Our key difference is our women-only and childcare facilities. We compete against several gyms in the area, including franchises of 24-hour-fitness and the local downtown gym.
Why Us
The competitive advantage of Ladies Only Fitness is the environment that is created in the facility. Women feel more relaxed and comfortable in a program that is focused solely on them. The childcare center is easily visible from the main floor. The childcare center is visible from the main workout floor so that a young mother can supervise her child while she works out.
Expectations
Forecast
The highlights chart below shows us that we believe we can launch with success and surpass $1 million in annual sales by our third-year.
Financial Highlights Year-by-Year
Financing Needed
Startup expenses estimated at $95,000
- Legal $1,500
- Website $1,000
- Indemnity Insurance 500
- Rent $2,000
- Children Care Establishment $10,000
- Leased Equipment $80,000
Capital: $65,000 for startup cash
Total financing: $160,000.
The funding plan includes $100,000 owner financing and a $60,000 Business Loan.