1. EMBRACE FITNESS, L3C MEGAN LARSEN FRANCIOSA CHUA LAUREN SWARD MELISSA MANJARRES MONICA MENESES JONATHAN WONG
2. EMBRACE FITNESS Overview L3C organization in Chicago, IL Elevator pitch Mission: “We dedicate our organization to embracing the opportunity to create an enjoyable environment for individuals with disabilities, where they may embrace the joys and healthy benefits associated with consistently engaging in overall fitness activities.”
3. Market & Opportunity Size 39.3% (age 7 and up) worked out in a club at least once in 2008 In 2009, IBIS world estimated 40.3 Million health club members Trend toward specialized gyms According to the Census Bureau, 51.2 million people are disabled Roughly 600,000 reported disabled individuals in Chicago, IL
4. Solution EMBRACE FITNESS will provide facilities and services to meet the needs of disabled individuals with physical and/or mental impairment(s). Develop a sense of community in a uniquely inclusive environment (I need to fine-tune this slide, but can I see where the need is presented so I can phrase the solution accordingly and not repeat info) thanks!
5. EMBRACE FITNESS’s Services Specialized fitness equipment Certified trainers Convenient transportation services Group fitness classes and educational workshops Professional physical therapist on site Monthly newsletter
6. Competition NextStep Fitness Non-profit fitness center for disabled California Fitness Centers in Chicago Bally Total Fitness Equinox Fitness Club YMCA Xport Fitness FFC
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8. Financials Success Metrics Revenue Memberships Revenue Projections Industry Revenue: $25089.3 ($Million)/53,950 establishments= $465,047.266 per establishment Goal for the first year: 30 members/month Membership fee for the first year: $24.99/month
24. Location 9,000 sq. feet building An equipped gymnasium 4 Large rooms for group fitness classes 2 rooms for educational classes 1 Men’s locker room (Including showers) 1 Women’s locker room (Including showers) 2 rooms for special events Check in Area Waiting room area 1 pool (25m x 50m )
Notas del editor
Megan..can just mention welcome investors and we are seeking a $700,000 investment
Megan – Low-profit/hybrid between non-profit and for-profit
Lauren
Melissa
Melissa
Lauren
Lauren
Precious-Year 1: ((600000*0.06%)*24.99)*12Year 2:(((600000-(600000*0.06%))*0.1%)*25.5)*12Year 3: (((600000-(600000*0.16%))*0.14%)*26)*12Talk about annual increases in fees: Year 1: $24.99; Year 2: $25.5; Year 3: $26
Melissa
Monica & Jon
Melissa
**Jon – Note for Megan: I need to change this font according to Healthy People 2010, a report by the Federal Department of Health and Human Services.Since those with disabilities are the biggest users of medical services, that disparity could be costing hundreds of millions of tax dollars a year.