Outline:

Assumptions: started with 50 members from promotional campaign; Growth rate = 5 net new member per month @ $50 Gross Revenue: January February March April May June July August September October November December Year End Physical Therpist 15,000 15,250 15,500 15,750 16,000 16,250 16,500 16,750 17,000 17,250 17,500 17,750 196,500 Group 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000 Total 30,000 30,250 30,500 30,750 31,000 31,250 31,500 31,750 32,000 32,250 32,500 32,750 376,500

Variable Expenses: Payroll (W2-commission 50/50 split) 15,000 15,125 15,250 15,375 15,500 15,625 15,750 15,875 16,000 16,125 16,250 16,375 189,750 Payroll tax (0.7%) 1,147 1,157 1,166 1,176 1,185 1,195 1,204 1,214 1,224 1,233 1,243 1,252 14,396 Total 16,147 16,282 16,416 16,551 16,685 16,820 16,954 17,089 17,224 17,358 17,493 17,627 202,646

Operating Revenue 13,853 13,968 14,084 14,199 14,315 14,430 14,546 14,661 14,776 15,892 17,507 15,123 173,854

Operating Costs Final Expenses Rent 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 30,000 Reception 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000 Cleaning 500 500 500 500 500 500 500 500 500 500 500 500 6,000 Office Supplies 250 250 250 250 250 250 250 250 250 250 250 250 3,000 Phone & Internet 200 200 200 200 200 200 200 200 200 200 200 200 24,000 Utilities 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 12,000 Insurance 200 200 200 200 200 200 200 200 200 200 200 200 24,000 Total Operating Expenses 6,650 6,650 6,650 6,650 6,650 6,650 6,650 6,650 6,650 6,650 6,650 6,650 79,800 Total Expenses 22,797 22,932 23,066 23,201 23,335 23,470 23,604 23,739 23,874 24,008 24,143 24,277 282,446

Net Income (Pre tax) 7,203 7,318 7,434 7,549 7,665 7,780 7,896 8,011 8,126 9,242 10,857 8,473 94,054