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FlyWheel never been better Johan, Sarah, Navid, Jay.

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Presentation on theme: "FlyWheel never been better Johan, Sarah, Navid, Jay."— Presentation transcript:

1 FlyWheel never been better Johan, Sarah, Navid, Jay

2 Table of contents Introduction Mission & Goals Differentiation of our business Marketing mix Budgets

3 Mission & Goals Mission Statement Flywheel is an innovative spin class & fitness studio with a focus on luxurious living; where fitness, art and relaxation share the same dimension. Come in and rethink traditional fitness standards. Mission Statement Flywheel is an innovative spin class & fitness studio with a focus on luxurious living; where fitness, art and relaxation share the same dimension. Come in and rethink traditional fitness standards. Goals 1.To obtain 60 full time members within six months of opening. 2.To be featured in a handful of press outlets in Vancouver within first 3 months 3.To break even in regards to profit making within the first year of operation Goals 1.To obtain 60 full time members within six months of opening. 2.To be featured in a handful of press outlets in Vancouver within first 3 months 3.To break even in regards to profit making within the first year of operation

4 Key Features Spin class Yoga class Skin care lines

5 Target Market Female Working class Age between 20-50 years old Market size (35.99% of 11000+ population)

6 Points of difference Providing various types of service Comfort & informal atmosphere Manage schedules Book online

7 Location 901 Mainland Street, Vancouver

8 Product Strategy Class Description Spin class Power Yoga Skin care lines

9 Pricing Strategy Objective: Membership fee -> Third goal Factors Start-up costs Expenditure on fitness Competitors pricing

10 Budget Fixed costs = $188,316.00 Notes payable = $88,316.00 Variable costs = $19,530.65 Projected revenue = $28,047.00 Profit = $323.00

11 Financial Statements

12 Promotional Strategy for LT Grand Opening Charity Event (Karma classes) Holiday Sales Promotion Vancouver Health & Wellness Promotional Advertisement throughout year

13 Media Channel Georgia Straight Vancouver Sun Breakfast Television Vancouver Vancity Buzz Vancouver Lifestyles Magazine

14 Electronic Marketing Strategy Facebook Twitter Instagram Focus on social media to connect and communicate with members

15 Conclusion

16 THANK YOU


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