7
UP is planning to start its operations on January 2021. It expects to do a minimum of 6 gyms sessions in a year. The projected profit will be $101400 for one year if we meet the expectations. Based on the Research about the gym Machines in Saudi Arabia I did the budget schedule. The financial issues that are considered to be outside our control include the changes in government policies such as taxation leading to shifts in costs of operating. Also, inflation is another financial issue that can be considered to be out of control. This project competes for funds better than others because it is aimed at addressing health issues that have been of great concern in Saudi Arabia. For example, this project will assist in addressing the issues associated with obesity that has led to increased deaths from lifestyle diseases like diabetes.
UP Company’s budget
|
ITEM |
COST |
|
2 Cycling |
$1600 |
|
2 treadmills |
$ 2000 |
|
6 weight set |
$ 1500 |
|
2 Wider Flex |
$400 |
|
1 SCS system |
$ 5000 |
|
5 Gym mattresses |
$200 |
|
1 Folding wall |
$ 500 |
|
Design GYM |
$2000 |
|
1 Hoist Bench |
$500 |
|
Water Machine |
$200 |
|
Sound System |
$1000 |
|
TOTAL MATERIAL COST (ONE PROJECT) |
$ 13100 |
|
Contract with Company |
$30000 |
|
Profit for 6 Projects in a Year |
$101400 |
|
Profit for 1 Project |
$16900 |
|
Monthly EXPENSES: |
|
|
Salary expenses |
$3000 |
|
Rented Office |
$900 |
|
Transportation expenses |
$300 |
|
Internet and phone |
$500 |
|
TOTAL EXPENCE: |
$4700 |