Gym and Dance Studio Equipment

Heavy Duty Elliptical

Pull Down Machine
Abdominal Crunch
Adjustable Bench Fit
Exercise Ball
Dumbbell/2lbs
Set Up Bench
Long Bar
Curve Bar
Tricep Bar

3
1
2
2
4
5
2
3
3
3

10,000.0
12,700.00
4,500.00
5,900.00
650
80
2,800.00
850
750
850

30,000.00
12,700.00
9,000.00
11,800.00
2,600.00
400
5,600.00
2,550.00
2,250.00
2,550.00

Plates:
2.5 lbs
5lbs
10lbs
15lbs
20lbs
25lbs
30lbs
Weighing Scale
Tread Mill
Spinner Bike
Olympic Squat Rack
Dumbbell Rack with Dumbbells
Punching Bag
CD/DVD Player
Speakers
Wood Floor Installation

4
4
4
4
4
4
4
2
3
2
2
1
1
1
2

95
190
380
570
760
950
1,140.00
889
20,000.00
5,500.00
18,000.00
9,225.00
3,300.00
1,999.00
2,500
5,000

380
760
1,520.00
2,280.00
3,040.00
3,800.00
4,560.00
1,778.00
60,000.00
11,000.00
36,000.00
9,225.00
3,300.00
1,999.00
5,000.00
5,000

Mirrors ( big)
Rope
Hand Grip
Mat

2
4
3
5

1,000
250
150
575

2,000
1,000.00
450
2,875.00

Office Equipment
Description
Desktop Computer
Computer Table with Chair
Emergency Light
Fire Extinguisher
Portable air conditioner

Quantity

Price Per Unit

Amount
3
17,650.00
52,950.00
2
1,700.00
3,400.00
6
1,500.00
9,000.00
4
5,000.00
20,000.00
4
14,000.00
56,000.00

Printer with scanner

Split type Air Conditioner
Filing Cabinet
Steel Cabinet
Furniture
Description
Working Table (Long)
Working Table ( Short)
Cabinet
Chairs
Lockers
Display Rock

Supplies
Description
Bond Paper ( Long)
Bond Paper ( Short)
Folder ( Long)
Folder ( Short)
Receipt ( Counter)
Glue
Staple Wires
Stapler
Ballpen
Pencil
Eraser
Sctoch Tape
Payroll Sheet
Time Card
Trash Bin

3
2
1
2

Quantity

19,000.00
10,000.00
10,000.00
14,000.00

57,000.00
20,000.00
10,000.00
28,000.00

Price per Unit

Amount
1
1,900.00
1,900.00
2
1,750.00
3,500.00
2
5,600.00
11,200.00
3
1,195.00
3,585.00
3
10,000.00
30,000.00
2
5,950
5,950.00

Quantity Price Per Unit

Amount
2 reams
230
460
2 reams
205
410
50
6
300
50
5
250
1 stub
33
33
1 tube
45
45
5 boxes
35
175
4
46
184
30
5
150
1 box
65
65
6
9
54
5
17
85
1 roll
86
86
2 stub
10
20
8
175
1,400.00

79,450

149,642

6,325
235,417

256,350

56,135
312,485

3,717

Cost estimated for the materials/labor

Items
I. Managers office
A. Materials
-hard flex cement board
-transparent glass
-door/lock set
-Table/chair
-lumber
-nails
-Miscellaneous
B. Labor
Total Labor/materials

II. Dance Studio

A. Materials
-Wide mirror/frame
-Accessories
B. Labor

20,000

6,000
26,000

5,000

1,000
Total Labor/Materials

III. Fitness gym

A. Material
-Wide Mirror/Frame
-Accessories
B. Labor

6,000

5,000

1,000
Total Labor/Materials

IV. Comfort Room

A. Material
-CHB
-Tiles
-Water Closet
-Lavatory
-Door/Lockset
-Mirror/Cabinet
-Lumber
-Cement
-Sand & Gravel
A. Labor

6,000

60,000

18,000
Total Labor/Materials

V. Plumbing
A. Material
-Sanitary Pipes
-Water System
-Faucet
-Miscellaneous

78,000
5,000

B. Labor

1,500
Total Labor/Materials

VI. Electrical
A. Material
-ceiling fan
-Outlet
-Lighting
-Electric Wire
-Exhaust Fan
-Miscellaneous
B. Labor

6,500
25,000

7,000
Total Labor/Materials

VII. Painting
A. Material
-Latex/Enamel
-lacquer
B. Labor

P15, 000

32,000

15,000

8,000
Total Labor/Materials

VIII. Other Items

A. Materials
-Counter Table
-Sofa
-Lumber

Cost Summary
I. Managers Office
II. Dance Studio
III. Fitness Gym
IV. Comfort Room
V. Plumbing
VI. Electricity
VII. Painting
VIII. Other items
Total EstimP192, 500

23,000

15,000

192,500

26,000
6,000
6,000
78,000
6,500
32,000
23,000
15,000
192,500

Employee

Number of
Employee

Operations Manager
Dance Instructor
Receptionist/Cashier
Gym Instructor
Assist. Gym Instructor
Assist. Dance Instructor
Sales Person
Utilities
Security Guard

Salaries and Wages

1- Gym Supervisor
1- Head Gym Instructor
3 Gym Instructor
1- Dance Studio Supervisor
2- Dance Instructor
1- Cashier
1- Salesperson
1- Security Guard
2- Janitors

1
1
1
1
1
1
1
1
1

10,000
8,000
7,000
9,000
8,000
6,000
5,000
4,000
4,000

Monthly
Salary
10,000
8,000
7,000
9,000
8,000
6,000
5,000
4,000
4,000
61,000

P 9,000
9,000
8,000
8,000
6,000
5,000
5,000
4,000
4,000
Total

P 9,000
9,000
24,000
8,000
12,000
5,000
5,000
4,000
8,000
------------------P 84,000

12657
9882

2%
2%

253.14
197.64

150

0.5

75

50
250
200
500

365
52
#REF!

Estimated project cost

Lease improvements
Gym and Dance Studio Equipment
Furniture and equpment
Pre-operating expenses
Supplies
Business permit
SEC regstration
Organization cost & others
Total
Working capital
Initial capital outlay

192,500
235,417
312,485
3,717
15,000
20,000
10,000
789,119
410,881
1,200,000

Projected revenue
Fitness and dance
Perfect shape can accommodate 150 clients per day but it is estimated theat

imated theat

Services
Body firming
Weight training
Body training
Team work out
Aerobics
Yoga
Zumba
Belly dancing

Products
Saw Palmetto Softgel
Green Tea Softgel Capsule
Vitamin D3 softgel
Vitamin A Softgel
Grape Seed Extract Softgel
Multivitamin Softgel Capsule

Price
Walk-in Clients
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00

Price
Per Box
1,200.00
1,200.00
1,200.00
1,200.00
1,200.00
1,200.00

Regular Clients
125.00
125.00
125.00
125.00
125.00
125.00
125.00
125.00

12.00
12.00
12.00
12.00
12.00
12.00

Membership Fee- P200.00

Daily Walk- in Clients- P200.00
Monthly-( 4 Sessions)- P600.00
(8 Sessions)- P900.00
(10 Sessions)- P1,200.00
Annually- P10,000.00
The price of our services is suitable and affordable into target customers considering the loc

Dances
Aerobics and Yoga
Walk-in Clients- P150.00
Monthlly-(4 Sessions)- P500.00
Zumba
Walk-in Clients- P150.00
Monthlly-(4 Sessions)- P500.00
Food Supplements
Per piece- P12.00
Per box (12pcs.)- P120.00

Duration
Session
1
1
1
1
1
1
1
1

Per Piece
480

tomers considering the location and the rate of the competitors standard.

Year 1
Schedule 4 - Revenue
Fitness
Member Ship fee
No. of members

4-session/montly
Dance (60%)
Monthly rate
Multipy by 12 mos.
Total

Work-out (40%)
Monthly rate
Multipy by 12 mos.
Total
Walk-in Customers
No. of walk-in/mo.
Rate
Multipy by 12 mos.
Total
Total Revenue
Food supplement
No. of Boxes to be sold/month
Multiply by 12 mos.
Selling price
Total

Schedule 5 - Cost of food supplement

Selling price
Margin - 40%
Cost - 60%
Mutliply by units sold

Schedule 6 - Expenses
Salaries

Year 2

200.00
200
40,000

200.00
220
44,000

120
500.00
60,000
12
720,000

132
500.00
66,000
12
792,000

80
600.00
48,000
12
576,000

88
600.00
52,800
12
633,600

100
200.00
20,000
12
240,000

100
200.00
20,000
12
240,000

1,576,000 1,709,600

2
12
24
1,200
28,800

29
1,200
34,800

1200
480
720
24
17,280

720
29
20,880

Per month
Multiply by 12 mos.

61,000
12
732,000
61,000
793,000

62,830
12
753,960
62,830
816,790

Light and water/month

Multiply by 12 mos.
Total

7,000
12
84,000

86,500

Communications
Multiply by 12 mos.
Total

2,000
12
24,000

24700

Building Rental
Multiply by 12 mos.
Total

10,000
12
120,000

120,000

3,717

3,830

Year end bonus

Annual salaries

Supplies

Depreciation
Cost

Lease improvements

Gym and Dance Studio Equipment

Furniture and equipment
Total

Est. life
(in yrs.)
192,500
5
235,417
10
312,485
5
740,402

Year 3

Year 4

Year 5

200.00
220
44,000

250.00
220
55,000

250.00
220
55,000

132
500.00
66,000
12
792,000

132
550.00
72,600
12
871,200

132
550.00
72,600
12
871,200

88
600.00
52,800
12
633,600

88
650.00
57,200
12
686,400

88
650.00
57,200
12
686,400

100
200.00
20,000
12
240,000

100
250.00
25,000
12
300,000

100
250.00
25,000
12
300,000

1,709,600

1,912,600

1,912,600

34
1,200
40,800

39
1,200
46,800

44
1,200
52,800

720
34
24,480

720
39
28,080

720
44
31,680

64,715
12
776,579
64,715
841,294

66,656
12
799,876
66,656
866,532

68,656
12
823,872
68,656
892,528

89,100

91,700

94,500

25400

26200

27000

120,000

120,000

120,000

3,950

4,050

4,200

Annual
Depr'n
38,500
23,542
62,497
124,539

Year 1
Schedule 1 - Food Suppliment
Inventory beg.
Purchase
Total
Cost of product sold (90%)
Inventory, end (10%)

Year 2

Year 3

19,200
19,200
17,280
1,920

1,920
21,280
23,200
20,880
2,320

2,320
24,880
27,200
24,480
2,720

Cost
192,500
38,500
154,000

192,500
77,000
115,500

192,500
115,500
77,000

235,417
23,542
211,875

235,417
47,083
188,334

235,417
70,625
164,792

Less: Accumulated Depreciation

Net Book Value

312,485
62,497
249,988

312,485
124,994
187,491

312,485
187,491
124,994

Net Book Value

615,863

491,325

366,786

Schedule 3 - Accrued expenses

Light and water - Dec.
Communications
Total

7,000
2,000
9,000

7,208
2,058
9,267

7,425
2,117
9,542

Light and water/month

Multiply by 12 mos.
Total

7,000
12
84,000

86,500

89,100

Communications
Multiply by 12 mos.
Total

2,000
12
24,000

24700

25400

7,208

7,425

Schedule 2 - Property and Equipment

Lease improvements
Less: Accumulated Depreciation
Net Book Value

Gym and Dance Studio Equipment

Less: Accumulated Depreciation
Net Book Value

Furniture and equipment

2,058

2,117

Year 4

Year 5

2,720
28,480
31,200
28,080
3,120

3,120
32,080
35,200
31,680
3,520

192,500
154,000
38,500

192,500
192,500
0

235,417
94,167
141,250

235,417
117,709
117,709

312,485
249,988
62,497

312,485
312,485
0

242,247

117,709

7,642
2,183
9,825

7,875
2,250
10,125

91,700

94,500

26200

27000

7,642

7,875

2,183

2,250

Year 1
Schedule of Cash payment
Light and water/month
Previous year Balance
Current year - Jan. to Dec.
Dec. - to be paid Jan.

Communication/month
Previous year Balance
Current year - Jan. to Dec.
Dec. - to be paid Jan.

Year 2

Year 3

Year 4

Year 5

84,000
(7,000)
77,000

86,500
(7,208)
79,292

89,100
(7,425)
81,675

91,700
(7,642)
84,058

94,500
(7,875)
86,625

24,000
(2,000)
22,000

24,700
(2,058)
22,642

25,400
(2,117)
23,283

26,200
(2,183)
24,017

27,000
(2,250)
24,750

PERFECT SHAPE
Projected Balance Shee
Sched.

Year 1

Year 2

Year 3

ASSETS
Current Assets
Cash
Inventory
Property and Equipment, Net
Total Assets
LIABILITIES AND PARTNERS EQUITY
Liabilities
Accrued expense
Partner's Equity
Beg. Balance
Profit for the period
Total Liabilities and Partner's Equity

1
2

971,064 1,641,630 2,286,948

1,920
2,320
2,720
615,863 491,325 366,786
1,588,847 2,135,275 2,656,454

9,000

9,267

9,542

1,200,000 1,588,847 2,135,275

379,847 537,161 511,637
1,588,847 2,135,275 2,656,454

Year 4

Year 5

3,109,211 3,904,427
3,120
3,520
242,247 117,709
3,354,578 4,025,656

9,825

10,125

2,656,454 3,354,578
688,299 660,953
3,354,578 4,025,656

PERFECT SHAPE
Projected Cash Flow Statement
Pre-Operating
Sources of Cash
Cash balance, beg.
Initial investment
Revenue for the period
Total cash inflow
Application of funds
Lease improvements
Gym and Dance Studio Equipment
Furniture and equipment
Accrued expenses
Pre-operating expenses
Food supplement
Salaries and wages
Rent Expense
Light and power
Communications
Miscellaneous
Supplies
Total cash outflow
Cash balance, end

Year 1

Year 2

411,181

971,064

1,200,000
1,604,800 1,744,400
1,200,000 2,015,981 2,715,464

192,500
235,417
312,485
48,417
19,200
21,280
793,000 816,790
120,000 120,000
77,000
79,292
22,000
22,642
10,000
10,000
3,717
3,830
788,819 1,044,917 1,073,834
411,181 971,064 1,641,630

77000
22000
9000
108000

86292
24642
9267
120201

108,000

111,200

Year 3

Year 4

Year 5

1,641,630 2,286,948 3,109,211

1,750,400 1,959,400 1,965,400
3,392,030 4,246,348 5,074,611

24,880
28,480
32,080
841,294 866,532 892,528
120,000 120,000 120,000
81,675
84,058
86,625
23,283
24,017
24,750
10,000
10,000
10,000
3,950
4,050
4,200
1,105,082 1,137,137 1,170,183
2,286,948 3,109,211 3,904,427

88883
25341
9542
123766

91483
26134
9825
127442

94267
26933
121200

114,500

117,900

121,500

PERFECT SHAPE
Projected Income Statement
Sched
Revenue
Fitness revenue
Food supplement
Total
Cost and Expenses
Pre-operating exp
Food supplement
Salaries and wages
Rent Expense
Depreciation
Light and power
Communications
Supplies
Miscellaneous
Total
Net profit

4
5

5
6
6
6
6
6

Year 1

Year 2

Year 3

Year 4

1,576,000 1,709,600 1,709,600 1,912,600

28,800
34,800
40,800
46,800
1,604,800 1,744,400 1,750,400 1,959,400

48,417
17,280
20,880
24,480
28,080
793,000 816,790 841,294 866,532
120,000 120,000 120,000 120,000
124,539 124,539 124,539 124,539
84,000
86,500
89,100
91,700
24,000
24,700
25,400
26,200
3,717
3,830
3,950
4,050
10,000
10,000
10,000
10,000
1,224,953 1,207,239 1,238,763 1,271,101
379,847

537,161

511,637

688,299

Light and power

77,000
7,000
84,000

86,292
7,208
93,500

88,883
7,425
96,308

91,483
7,642
99,125

Communications

22,000

24,642

25,341

26,134

Year 5
1,912,600
52,800
1,965,400

31,680
892,528
120,000
124,539
94,500
27,000
4,200
10,000
1,304,447
660,953

94,267
7,875
102,142
26,933

Financial Ratios
Year 1
1.

Profitability Ratio
=
Net Income
Revenue

Year 2

Year 3

Year 4

Year 5

379,847 537,161 511,637 688,299 660,953

1,604,800 1,744,400 1,750,400 1,959,400 1,965,400
24%

31%

29%

35%

34%

Profitability ratio is the ability of the firm to generate revenue from its operation.
Result shows that the company is able to earn profit from its operations at the rate of not
Hence it also shows tha the company is utilizing their assets effeciently to generate pro
2.

Liquidity Ratio
= Current Assets
Current liabilities

972,984 1,643,950 2,289,668 3,112,331 3,907,947

9,000
9,267
9,542
9,825
10,125
108

177

240

317

386

Liquidity ratio is an indicator whether a company's current assets will be sufficient to meet
the company's currently maturing obligations as they become due.
Result shows that the company is higly liquid since it has enough current assets to pay
current liabilities
3.

Stability Ratio
Stability ratio is the long-term counterpart of liquidity. It is also called the debt-to-equity ra
It investigates how much debt can be supported by the company and wheter debt and equ
Since the company does have a long term liability, we will examine its financial structure a
Total assets
Less: Total liabilities
Equity

1,588,847 2,135,275 2,656,454 3,354,578 4,025,656

(9,000)
(9,267)
(9,542)
(9,825) (10,125)
1,579,847 2,126,008 2,646,912 3,344,753 4,015,531

Results shows that the assets of the company is provided and financed by the owners and
creditors which means that the company is stable.

s operation.
ons at the rate of not lower than 20% per annum/
iently to generate profits.

l be sufficient to meet the

current assets to pay its

d the debt-to-equity ratio.

d wheter debt and equity are balanced.
ts financial structure and relate it to stability.

ed by the owners and not by