Lowering overall costs 20 Company Summary Corporate Fitness is based on the

Lowering overall costs 20 company summary corporate

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Lowering overall costs. 2.0 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.
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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 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 Other $0 Total Start-up Expenses $290,000 Start-up Assets Needed Cash Balance on Starting Date $10,000 Other Current Assets $0 Total Current Assets $10,000 Long-term Assets $0 Total Assets $10,000 Total Requirements $300,000 Funding Investment Investor 1 $80,000
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Investor 2 $60,000 Investor 3 $60,000 Other $0 Other $0 Total Investment $200,000 Current Liabilities Accounts Payable $0 Current Borrowing $0 Other Current Liabilities $0 Current Liabilities $0 Long-term Liabilities $100,000 Total Liabilities $100,000 Loss at Start-up ($290,000) Total Capital ($90,000) Total Capital and Liabilities $10,000 Start-up 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. 3.0 Services Business ratios for Corporate Fitness indicate strong financial growth and an impressive chance for investment opportunities, making expansion and further development both very possible. 3.1 Service Description Corporate Fitness provides wellness strategies/programs to businesses in the
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downtown Seattle area. A wellness strategy is a long-term effort, combining both health-promotion and exercise-related activities designed to facilitate positive lifestyle changes in members of a company's work force. Corporate Fitness will work with a company's senior management to help it develop a mission statement for its wellness program. The client company's employees will undergo a health-risk analysis, following which each employee will be given the opportunity to meet with a health professional to design a personalized health program. Finally, Corporate Fitness will furnish employee progress reports to senior management with which to carry out the incentive program and generally monitor changes in the behavior of its work force.
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  • Summer '19
  • Dr. Olouch
  • Balance Sheet, Generally Accepted Accounting Principles, corporate fitness

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