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Shant Assarian - 5yr Financials

Shant Assarian - 5yr Financials - TrueFit 5 Year Projected...

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TrueFit 5 Year Projected Revenues Shant Assarian Note: assumption input cells are highlighted. Membership Fees Maximum capacity 500 A Average rate / month  $49.00  B Number of members - 1st month 20 C Number of new members added each mont 25 D Franchise Sales % of Franchises Closing Per Year 20% E Average Annual Revenue Per Franchise  $200,000  F Royalty Rate 8.5% G Franchise Fee  $15,000  H 2011 January February March April May June July August September October November December 2012 2013 2014 2015 Company Owned Operations Number of Members @ Beginning of Year 295 500 500 500 Number of Members @ End of Year 500 500 500 500 Average Number of Members 20 45 70 95 120 145 170 195 220 245 270 295 398 500 500 500 Membership Fees  $980   $2,205   $3,430   $4,655   $5,880   $7,105   $8,330   $9,555   $10,780   $12,005   $13,230   $14,455   $233,730   $294,000   $294,000   $294,000  Franchise Operations Franchises Open @ Beginning of Year  -     4   13   34  Number of Franchises Sold & Opened 4 10 24 36 Number of Franchises Closed  -     (1)  (3)  (7) Number of Franchises Open @ End of Year  4   13   34   63  Average Number of Franchises Open 2 9 24 49 Royalties  $34,000   $144,500   $399,500   $824,500  Franchise Sales  -     $150,000   $360,000   $540,000  Total Franchise Operations  -     -     -     -     -     -     -     -     -     -     -     -     $34,000   $294,500   $759,500   $1,364,500  TOTAL REVENUE  $980   $2,205   $3,430   $4,655   $5,880   $7,105   $8,330   $9,555   $10,780   $12,005   $13,230   $14,455   $267,730   $588,500   $1,053,500   $1,658,500  ASSUMPTIONS A Maximum number of memberships is assumed as follows: B Pricing is assumed as follows (per month): Weekday mornings - Monday & Wednesday 50 49 Weekday mornings - Tuesday & Thursday: 50 49 Weekday daytime - Monday & Wednesday: 50 39 Weekday daytime - Tuesday & Thursday: 50 39 Weekday evenings - Monday & Wednesday 50 79 Weekday evenings - Tuesday & Thursday: 50 79 All-day weekends (Friday, Saturday, Sunda 200 39 *Weekday memberships include weekends 500  $49.00  Weighted Average membership price pre month C It is assumed that we will have 20 members in the first month based on the initial marketing effort. D E F G Royalties will be 8.5% of gross revenues. H The territory fee to purchase a franchise will be $15,000 in the early years. *Memberships are limited to ensure fitness center is not over-crowded. Memberships will be based on time of  day and day of week. All weekday members will also have access on weekends.  It is assumed that after the first month of operations, membership enrollment will increase by 25 (net of  membership terminations) each month until the maximum membership capacity is reached.
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