Thank you very much for the meeting yesterday. We are extremely excited to open up yet another branch of XYZ Fitness Gym on 54th Avenue, Northern Chicago and looking forward to your company financially assisting us to set it up. We have prepared this proposal for you, with all the details. We would like your company to have a look at the entire opportunity and share your assistance to support our business idea.
Let us know if you have any reservations or queries.
We would like to open another branch on 54thth Avenue, next to the ABC Gas station in the northern region of Chicago, Illinois. We have already signed a 5-year lease plan for the basement of ABC plaza. XYZ will be membership gym, providing amenities like the pool, cardio equipment, yoga sessions, and personal training. As ABC is a top Venture capital firm and you support small businesses, we would like you to provide us the necessary finances to start up our new branch of the XYZ Fitness Gym.
The XYZ fitness gym is one of the famous and high ranked fitness gyms in West Chicago. Our aim is to provide a safe, clean and friendly environment for our clients as soon as they step inside. Our professional and qualified trainers are always ready to help, educate and support. We offer a dynamic blend of training equipment and space to accommodate all our customers. Our skilled, professional and certified personal trainers provide expert guidance for individuals to achieve their personal goals, whether it is to reduce weight, gain muscles and tone the body or just a guideline to lead a happy and healthy lifestyle.
Our fitness centers provide the following services:
Hours of operation:
Monday -Sunday: 6:00am -9:00pm
54th Avenue, Chicago
Provide fitness services
5 workers will be hired, including trainers, managers, and consultants.
54th Avenue is a very lively place, nearby a lot of offices, and malls. We have selected the basement of ABC plaza, which is a 5,500 square feet area. We are going to have to do some remodeling to make it look like a state-of-the-art gym. This place has a very decent footfall and attracts hundreds of people. We think that opening up a gym at this spot will be a great opportunity for our business.
Our target market is the fitness conscious young generation and people with high disposable income, who can afford all-inclusive gym memberships.
20 and younger
Gyms and fitness centers are becoming more and more popular because of increased health-consciousness in common people. Location plays a very important part in the success of any fitness center. Our market research shows that the students and people working in nearby offices will be the most likely customers. XYZ will strive to build loyal customers by providing them high standards of fitness and a friendly environment.
We did our research and found out that there are currently no other gyms or fitness centers working within the radius of 5 km of 54th Avenue. We saw this as an opportunity to start the XYZ gym branch in this area.
We would like ABC to initially grant us a loan of $100,000. Estimated start-up expense details are provided below:
|Basement Renovation & Construction||$20,000|
|Basement rent (2-year advance)||$10,000|
Legal paperwork includes getting approval from the concerned authorities, obtaining licenses and permits. Equipment includes Exercising machines, yoga mats, furniture, storage units, CCTV cameras, etc.
Expenses for each month will be the following:
In order to set up this Gym and sustain it, we will be needing a sum of approximately $135,000. We are financially capable to put in an amount of $55,000 and seek your esteemed firm to lend us $100,000, for a period of 2 years.
This XYZ Gym will surely attract a large number of consumers and we are very optimistic and certain that we will break even within the first couple of years and start generating profit by the end of the third year. Below are the sales forecast for the fiscal years, based on information collected in the field and our already existing business.
First 6 months: $30,000
First fiscal year: $80,000
Second fiscal year: $180,000
We would like to seek your approval to proceed with the necessary arrangements. After your approval, we will initiate the process and we must work on the Terms and Conditions for the future.
You can contact us with any of the following ways: