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Business Description 1.M.R is a service and retail I selected the name of the business One More Rep because it demonstrates the hard work that is devoted.

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Presentation on theme: "Business Description 1.M.R is a service and retail I selected the name of the business One More Rep because it demonstrates the hard work that is devoted."— Presentation transcript:

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2 Business Description 1.M.R is a service and retail I selected the name of the business One More Rep because it demonstrates the hard work that is devoted to digging deep inside and push out that one more rep I am going to sell supplements, vitamins, drinks, food (supplement bars)

3 A facility where people can come: work out Body build Build cardio On their own Be trained by professionals Nature of business

4 Products and services Our service department includes Membership monthly sales multiple cardio training machines weight machines Mat room Our retail department includes Supplements, and vitamins Apparel

5 Days & Hours It will be open 7 days a week The hours will be 4 AM to 1 AM

6 Opening at vacant lot 5061 William Flynn Hwy Gibsonia, PA 15044

7 Attend and major in business school for four years. Take multiple classes on how to run a business Background Entrepreneur

8 Owner 3 Cashier (also clean at end of shift) $7.25 per hour 3 Personal Trainer (business hours only) $11.00 per hour Job Titles

9 Cashier: One cashier at a time=$5,394 Physical trainers one at a time=$440 Monthly wages

10 Physical trainers: Introducing employees Give them a tour Introduce them to all the employees there Need positive feedback from two clients that they trained Hiring Process

11 LA fitness Fitness 19 Anytime fitness Club Julian Stick with it fitness Competition

12 24/7 hours Bigger facility Cheaper pricing for more product Location training Why people are going to choose us

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16 One More Rep Income Statement For Month Ended Dec 30 2012 June JulyAugust SeptemberOctober November Revenue from new members $ 1,375.00 Avg. new members per month 25 Avg. Purchase Price $ 55.00 Revenue from existing members Avg. members per month 400 $ 12,000.00 monthly membership fee $ 30.00 total revenue $ 13,485.00 Operating Expenses: Owner's Yearly Salary $ 40,000.00 $ 3,333.33$4,166.67 Wage Expense $ 2,000.00 Rent Expense $ 3,000.00 Advertising Expense $ 27.50 $ 22.00 Supplies Expense $ 100.00 Utilities Expense $ 1,000.00 Cell phone & Internet $ 30.00 Insurance Expense $ 100.00 Loan Payment $ 2,000.00 Total Operating Expense $ 11,590.83 Net Income $ 1,894.17

17 One More Rep Start Up Costs Note: Required Start-up Funds for New Business Required Start-Up FundsAmountTotals Fixed Assets Technology $ 2,009.00 Equipment $ 65,100.00 Furniture and Fixtures $ 6,400.00 Other Fixed Assets $ 2,100.00 Total Fixed Assets $ 75,609.00 Start-up Costs (one-time) Legal and Accounting Fees $ 1,000.00 Licenses $ 1,000.00 Rent Deposit $ 4,000.00 Utility Deposit $ 1,000.00 Other one-time costs $ 100.00 Total Start-up One-time Costs $ 7,100.00 TOTAL START-UP COSTS $ 82,709.00 Note: Copy from Income Statement Operating Expenses One-Month Cost of Goods Sold $ 2,000.00 Owner's Yearly Salary $ 3,333.00 Wage Expense $ 2,000.00 Rent Expense $ 4,000.00 Advertising Expense $ 16.50 Supplies Expense $ 100.00 Utilities Expense $ 1,000.00 Cell phone & Internet $ 30.00 Insurance Expense $ 100.00 Total Operating Capital $ 12,579.50 Six-Month Operating Expenses + One-time Costs $ 75,477.00 Total Start-up Funds Required $158,186.00 **Start-up Funds + Six-Month Operating Expenses

18 One More Rep Equipment List Note: List any Equipment needed for start-up Required Equipment for Start UpAmountTotalResource Technology Computer(s) $ 650.00 Amazon.com Printer(s) $ 19.00 Amazon.com Phone(s) $ 40.00 Amazon.com Web Page $ 200.00 Amazon.com mirrors $ 1,000.00 Amazon.com Cash Register(s) $ 100.00 Amazon.com Total Technology Cost $ 2,009.00 Equipment lifting bench press machine with bars $ 1,500.00 Dickssportinggoods.com squat machines $ 2,000.00 Dickssportinggoods.com tred mills and elipticals $ 60,000.00 Dickssportinggoods.com wrestling mat $ 600.00 Dickssportinggoods.com basketball hoops $ 1,000.00 Dickssportinggoods.com Total Equi;pment Cost $ 65,100.00 Furniture & Fixtures lockers $ 250.00Amazon.com bathroom and shower $ 6,000.00Amazon.com water fountain's $ 100.00 Amazon.com chairs $ 50.00Amazon.com Total Furniture Cost $ 6,400.00 Other Assets medicine balls $ 100.00Dickssportinggoods.com dumbells $ 2,000.00Dickssportinggoods.com Total Cost of Other Assets $ 2,100.00 TOTAL COST OF EQUIPMENT $ 75,609.00

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