| SETTING UP THE BUILDING FITNESS CENTER |
| PROPOSED BUDGET |
| STARTUP EXPENSES |
| ITEM | | | | AMOUNT |
| Physical Location | | | | $500,000.00 |
| Gym Equipment | | | | $1,568,564.69 |
| Certifications | | | | $800.00 |
| Mortgage | | | | $67,567.95 |
| Legal & Processing Fees | | | | $15,000.00 |
| Insurance | | | | $315,500.00 |
| Building Improvements & Remodeling | | | | $100,000.00 |
| Computer Network & POS System | | | | $2,300.00 |
| Employee Uniforms | | | | $1,000.00 |
| Miscellaneous Gym Supplies | | | | $3,000.00 |
| Advertising | | | | $5,000.00 |
| Responsive Website | | | | $5,000.00 |
| Utilities | | | | $800,000.00 |
| Operating Cash | | | | $1,000.00 |
| Water | | | | $6,873.65 |
| Electricity | | | | $67,954.00 |
| TOTAL STARTUP EXPENSES | | | | $3,459,560.29 |
| RECURRING COSTS (MONTHLY) |
| ITEM | | | | AMOUNT |
| Mortgage or Lease Payments | | | | $67,567.95 |
| Insurance | | | | $315,500.00 |
| Permits | | | | $10,000.00 |
| Equipment Lease Payments | | | | $8,000.00 |
| Utilities | | | | $800,000.00 |
| Equipment Repairs and Maintenance | | | | $250,000.00 |
| Cleaning Supplies | | | | $10,000.00 |
| Phone and Internet Service | | | | $250.00 |
| Employee Wages | | | | $10,000.00 |
| Payroll Taxes or Self-Employment Taxes | | | | $250,000.00 |
| Credit Card Processing Fees | | | | $300.00 |
| Marketing | | | | $1,000.00 |
| Legal and Professional Fees | | | | $3,000.00 |
| Miscellaneous Expenses | | | | $3,000.00 |
| Total Amount | | | | $1,728,617.95 |
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Budget.xlsx
