Start-up | |
Requirements | |
Start-up Expenses | |
Legal | $800 |
Stationery etc. | $500 |
Brochures | $300 |
Consultants | $0 |
Insurance | $900 |
Rent | $3,500 |
Expensed Equipment | $5,000 |
Facility Renovations | $25,000 |
Total Start-up Expenses | $36,000 |
Start-up Assets | |
Cash Required | $44,000 |
Start-up Inventory | $5,000 |
Other Current Assets | $0 |
Long-term Assets | $10,000 |
Total Assets | $59,000 |
Total Requirements | $95,000 |
Cents and Senseibility Martial Arts School will be located in a major shopping center. Plans are to open a Taekwondo Center in a 3,000 square foot facility with a 1,800 square foot training area, 300 square foot viewing area (lobby) with a receptionist desk, large men’s and women’s dressing areas, showers and rest room facilities. There will be two offices, one will be used for storage and the other for the main office.
Plans are to have the building face a major street and have considerable foot and drive-by traffic. Parking will be available in the shopping center. The facility will be leased yearly, with plans for constructing or purchasing an independent building in future years.
Cents and Senseibility Martial Arts School provides services to improve fitness and the capacity for self-defense, the Songahm Taekwondo is not just a physical activity. Taekwondo “is the martial art that trains people physically and mentally.” In addition to physical fitness, Taekwondo classes promote discipline, honor, self-control, respect, courtesy, perseverance and loyalty. Cents and Senseibility specializes in teaching ages 3-63. When students join they will not only be improving their fitness and learning to defend themselves, they will be embarking on a path to improve many important aspects of their lives. And the truly wonderful thing is they get to have fun while doing it!
Here are some benefits you can expect from training in Taekwondo:
Cents and Senseibility Martial Arts School will offer Tiny Tots Taekwondo program. The 3T program was developed specifically for preschool children ages 3 through 6. This program offers children a strong foundation in essential character qualities such as courtesy, respect, and discipline. In addition, the program is designed to improve children’s motor skills and enhance their ability to pay attention and follow directions. All classes are taught using the most safe, fun, and exciting instruction methods available for this age group.
3Ts have their own unique achievement patch and “Starbursts.” Starbursts are earned with slight modifications in recognition of the preschool age of the child. Four different colored achievement patches are available to accommodate all the stars that can be earned by a high achieving 3T. The rank and testing system used by the 3Ts is slightly different from that of our regular programs. 3Ts can earn six collectable animal patches to display on the belts as follows: Lynx for orange belt; Jaguar for yellow; Badger for camo; Bear for green; Kestrel for purple; Falcon for blue. All six patches, as earned, can be displayed on the child’s belt.
Upon graduation from the 3T program students will be afforded the Basic, Black Belt Club, or Masters Club Program.
The Basic Program is for children and adults of all ages. Under this program the student will receive, upon membership, two times a week instruction in the basic core skills of Taekwondo. Classes will be divided by age groups.
The Black Belt Program is for children and adults of all ages. Students in this program will receive instructions three times weekly. This program also features free sparring, board breaking and street self-defense. Classes will be divided according to age group and rank.
The Masters Club Program is for children and adults of all ages. All students will be encouraged to graduate into this program as they progress and experience the art of Taekwondo. This program provides unlimited weekly instruction. This program also features free sparring, board breaking, street self-defense and weapons training. This program offers the complete package for Self-Defense Classes and will hold the largest portion of the Cents and Senseibility Martial Arts School enrollment. Class instruction will be divided according to age group and rank.
WEAPON TRAINING
SELF-DEFENSE TRAINING
The concept of belts and rank is probably one that most people associate with Taekwondo and martial arts in general, even if they only have a passing interest in the subject.
In Songahm Taekwondo, our belts reflect a member’s proven level of competence and (just as importantly) the progression of colors reflects an inner journey that never truly ends. Each belt achieved is truly an accomplishment worthy of respect. It is also worth noting that achieving a belt isn’t just a matter of “spending enough time” in a previous belt. In order to achieve their next rank, a student must demonstrate their proficiency in their current belt’s techniques, to include Basic Moves, Sparring and Forms.
CATISC SONGAHM TAEKWONDO BELTS (RANKS)
White Belt “Pure and without the knowledge of Songahm Taekwondo. As with the Pine Tree, the seed must now be planted and nourished to develop strong roots.” The student has no knowledge of Songahm Taekwondo and begins with a clean (pure) slate. Purity is often signified by the color white.
Orange Belt “The sun is beginning to rise. As with the morning’s dawn, only the beauty of the sunrise is seen rather than the immense power.” The beginner student sees the beauty of the art of Taekwondo but has not yet experienced the power of the technique. Orange is found among the many colors of the sunrise.
Yellow Belt “The seed is beginning to see the sunlight.” The student begins to understand the basics of Taekwondo. The sun appears to be yellow.
Camouflage (Camo) Belt “The sapling is hidden amongst the taller pines and must now fight its way upward.” The student begins to realize his/her place in the world’s largest martial art. The student must now begin to spar in order to promote in rank. Camouflage (greens) is used to hide among the trees in the forest.
Green Belt “The pine tree is beginning to develop and grow in strength.” The student’s technique is developing power. The components of the basic techniques are beginning to work in unison. As the pine tree develops, it sprouts green pine needles.
Purple Belt “Coming to the mountain. The tree is in the mid-growth and now the path becomes steep.” The student has crossed over into a higher level of Songahm Taekwondo. The techniques, poom-sae (forms), and level of gyeo-roo-gi (sparring) becomes more difficult, creating a “mountain” that must be overcome. Mountains are often depicted as being purple.
Blue Belt “The tree reaches for the sky toward new heights.” Having passed the mid-way point, the student focuses his/her energy upward toward black belt. The sky appears as blue.
Brown Belt “The tree is firmly rooted in the earth.” At this point the student has mastered the basics and developed deep roots in Taekwondo. Brown is known as an earthy color, such as dirt.
Red/Black Belt “The dawn of a new day. The sun breaks through the darkness.” The previous day has ended, giving way to a new dawn. The student must begin a new phase of training; that of being a black belt. The red is the sun (in a sunrise) as it breaks through the black of night.
Black Belt “The tree has reached maturity and has overcome the darkness… it must now ‘plant seeds for the future.'” The color black is created when all the colors of the light spectrum have been absorbed into an object. That object has “taken control” of the colors and retained them. If one color was to “escape”, the object would no longer be black but would appear as that color. The student has mastered the nine geup (grades) of Taekwondo. He/she has “absorbed” all the knowledge of the color ranks and overcome or “mastered” that level or training. The colors of the spectrum are bound together and are not reflected off an object, resulting in the absence of color, which we call black.
Cents and Senseibility Martial Arts School will be owned and operated by Rolly BonTemps, 5th Degree Black Belt of the Can-Am Taekwondo Instructors and Schools Confederation. Rolly BonTemps has been a Martial Arts Instructor for 10 years and has been studying the art of Taekwondo for 17 years.
Currently positioned as Lead Instructor in Metroburb, Rolly BonTemps has been actively involved with all aspects of the business and is now ready to own and operate Cents and Senseibility Martial Arts School. Since working in the Metroburb school, Rolly has developed a marketing plan that reaches out and actively seeks out membership. Through this plan the Metroburb school has nearly doubled in membership over the past two years. This school is now one of the top three single schools in the nation for membership.
Rolly BonTemps has devoted himself to the teaching of Taekwondo because he believes it makes a difference in our young children’s lives. Through the instruction of martial arts the parents can visually see the difference in their child’s daily behavior, attention span and their courtesy towards one another and the adult community. Seeing children develop and fine tune their skills as they progress through the belt levels to Black Belt is not only a joy for the instructors, but also for the parents as they watch their child mature into a fine young adult. An adult that walks with pride and gleam with self confidence.
The Can-Am Taekwondo Instructors and Schools Confederation is one of the largest martial arts organizations in North America today. Rolly BonTemps believes in it, is devoted to it, and plans to have the number one single school in the country. By achieving this goal, the Cents and Senseibility Martial Arts School will have helped hundreds of adults and children achieve their goal of becoming more confident in their actions and themselves. This will also develop the future leaders and Black Belts of tomorrow.
The demographic research has shown opportunity exists in our local marketplace. There are no CATISC affiliated Taekwondo martial arts schools in the area. A tremendous opportunity for growth exists in this market and Cents and Senseibility believes that our position as the potential leader in our marketplace is not an impossible task.
National sources relating to sports in general and martial arts specifically, it is estimated that 15% of the U.S. population have participated in some form of martial arts training during their lifetime.
It is estimated that 3% to 5% of the U.S. population are currently active in some form of martial arts training (the variation in numbers is a result of some surveys using Tai Chi, Kick boxing and Yoga as a martial art form, and some include school programs, where others do not).
Cents and Senseibility Martial Arts School will be located in a county with a population of 251,377 (Our County 2000 census). The population of Our County broken down by gender is 50.1% male and 49.9% female; broken by race; 87.4% White, 19.6% Hispanic (Latino), 5.5% African American and 0.8% Asian. The median age in the city is 44.1. The Neighboring County has a population of 440,888 (Lee County 2000 census). The population of Neighboring County broken by down by gender is 48.9% male and 51.1% female; broken by race – 87.7% White, 9.5% Hispanic (Latino), 6.6% African American and .08% Asian. The median age in the county is 45.2.
For purposes of this plan, we are going to address Our County (pop. 251,377, average age 44.1) with plans to expand to Neighboring County as we grow and prosper. The Census results indicate the following breakdown related to age groups for this area:
Our County Population 251,377 Neighboring County Population 440,888
Under 5 years old | 13,441 | 5.3% | 22,970 | 5.2% |
5 to 9 years old | 14,444 | 5.7% | 24,224 | 5.5% |
10 to 14 years old | 13,677 | 5.4% | 25,034 | 5.7% |
15 to 19 years old | 3,382 | 5.3% | 22,501 | 5.1% |
20 to 24 years old | 11,708 | 4.7% | 18,816 | 4.3% |
25 to 34 years old | 28,262 | 11.2% | 46,491 | 10.5% |
35 to 44 years old | 33,458 | 13.3% | 59,232 | 13.4% |
45 to 54 years old | 29,515 | 11.7% | 54,833 | 12.4% |
55 to 59 years old | 15,518 | 6.2% | 26,820 | 6.1% |
60 to 64 years old | 16,459 | 6.5% | 27,856 | 6.3% |
65 to 74 years old | 35,088 | 14.0% | 60,563 | 13.7% |
75 to 84 years old | 21,060 | 8.4% | 40,630 | 9.2% |
85 and older | 5,365 | 2.1% | 10,918 | 2.5% |
Results from a national survey on martial arts schools indicated on average, kids ages 4-14 account for 70% of the individuals participating in martial arts training. Age groups 15-25, 26-49, and 50+ each account for approximately 10% of students enrolled in martial arts training. (In comparison to the CATISC School where Rolly BonTemps has instructed the membership was as follows: ages 4-14 (53%), 15-29 (12%), 30-49 (28%) and 50+ (7%)). Applying the national survey’s age segment enrollment statistics to the Census data on the age groups of Our County, we estimate our target market to be around 51,000 potential students.
The table below outlines our estimated breakdown of the potential market by the age groups.
Market Analysis | |||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
Potential Customers | Growth | CAGR | |||||
Kids under 14 years | 2% | 29,093 | 29,675 | 30,268 | 30,874 | 31,491 | 2.00% |
Young adults 15-25 | 2% | 3,960 | 4,039 | 4,120 | 4,202 | 4,286 | 2.00% |
Adults 26-49 | 2% | 9,133 | 9,316 | 9,502 | 9,692 | 9,886 | 2.00% |
Adults over 50 | 2% | 9,349 | 9,536 | 9,727 | 9,921 | 10,120 | 2.00% |
Total | 2.00% | 51,535 | 52,566 | 53,617 | 54,689 | 55,783 | 2.00% |
The target market has been broken into four age segments, all within the city limits and surrounding area. The strategy is based on the research confirmed by the statistics of the Can-Am Taekwondo Instructors and Schools Confederation and data collected as Lead Instructor from affiliated CATISC Schools. Parents want their children to learn karate to build confidence and to learn self defense, adults take karate for exercise and self-defense, and seniors take karate for social aspects and exercise.
While not specifically addressed, Cents and Senseibility Martial Arts School will be placing emphasis on the Hispanic (Latino) market as their population continues to increase in this area. Cents and Senseibility will also be targeting addresses with ZIP codes in medium and higher income brackets within our market, but not specifically in this plan.
Target market breakdown is as follows:
Based on a needs analysis taken at Rolly BonTemps’ current location in Metroburb, it was found that our survey was comparable to that of the national survey, reflecting similar results. Our marketing efforts will be addressing the needs of these groups in the order given:
In the mid-1960s there was a boom in martial arts studios, partially brought on by the success of Bruce Lee movies and the TV show ‘Kung Fu’. In the mid-1980s, interest in martial arts moved towards offering children’s programs. In the mid-1990s it was estimated that 5 to 10 million Americans were active in some form of martial arts training.
Recent trends such as the popularity of the movie “Crouching Tiger, Hidden Dragon” not so suprisingly caused a mini-surge in the number of new applicants. In addition, martial arts for kids has shown a trend towards more activities and less “traditional” training. It has been noted that today’s kids have a lower level of patience, want to be involved in “movie” type karate styles (i.e., “Matrix”, “Shanghai Noon”, “Karate Kid” and “Power Rangers”) and are more demanding of their time.
Another trend is that larger health/fitness organizations are moving into the martial arts field and a general consolidation is occuring. Companies such as Bally Total Fitness and Gold’s Gym are offering kick-boxing, teabo and other forms of group “soft” martial arts training such as yoga.
Finally, there is a push in the health/fitness industry to attract the ‘over 50’ crowd. Fitness clubs have a difficult time applying their muscle building, fast-paced fitness programs into this market. However, the ‘over 50’ group is expected to be marketed to more aggressively, as fitness/health clubs realize the potential of the “baby boomers” and the fact that baby boomers have both the time and money to pursue outside recreational activities.
The U.S. Census (2000) shows that our region is experiencing tremendous growth. More families are moving into the our community area than ever before. Our region is experiencing a boom in adults ages 30 to 50 with young children, who can afford the ever increasing cost of homes in the area.
A national survey taken indicated there are approximately six million Americans actively involved in martial arts training. The survey indicated that a 14% growth rate was expected in the upcoming years as Americans move towards a more healthy lifestyle.
As our area was once known for elderly retirement communities, the trend is turning towards the younger families and children moving into the area. This could be a result of the cost of living, causing many seniors on retirement income to move to more affordable locations.
The business of owning and operating the Cents and Senseibility Martial Arts School is similar to that of running a health/fitness club—membership is everything. The ‘do-jahng’ (Taekwondo facility) is the teacher and place of learning, and can be looked at as a place of experience, an elder. The word ‘do’ (way) ‘jahng’ (area) means “the area in which we learn the way.” Respect is given to the place where this training takes place. This respect is not to the do-jahng as an object, but to remind students to keep their minds right, attitudes proper, and take care of the facility in which they train.
Martial arts falls under the SIC (Standard Industrial Code) 7999 – Amusement and Recreational Services. Under this heading we find groupings from Astrologers to Card Rooms, from Carnival Operations to Yoga. In other words the code is too broad to provide solid analysis benefit, but it will be addressed in our comparative ratios analysis at the end of this plan.
The martial arts industry consists primarily of thousands of small independent schools, most belong to one of hundreds of loosely organized martial arts associations (usually divided by style type). The Cents and Senseibility Martial Arts School is proud to be affiliated with one of, if not the largest, martial arts organizations in the United States today, with over 1,500 Taekwondo Centers and 300,000 active students and growing.
Other industries should be considered in any competitive analysis. The health and fitness club industry (Bally Total Fitness, Gold’s Gym) and the non-profit (YMCA, YWCA and local schools) are in competition for the same group of potential customers.
The nature of the business of a Taekwondo Center is to offer a facility with martial arts training. Membership is everything and turnover (attrition) in the industry can be high. Several reports place the average turnover of a do-jahng at 40 to 60%. Selection of a do-jahng by a potential member is, in-part, done by the style of martial art (taekwondo, karate, judo, kung-fu or kick-boxing) the member wishes to participate.
However, selection of a do-jahng by a new student is more basic in nature. Based on past experience, generally a do-jahng selection is based on the following (most popular first):
However, the marketing plan developed by the Can-Am Taekwondo Instructors and Schools Confederation and perfected by the owner of Cents and Senseibility Martial Arts School, Rolly BonTemps (5th Degree Black Belt), has generated more memberships for the school he has been affiliated with than all the advertisements and word-of-mouth put together. This marketing plan actively recruits and goes out after membership and does not wait for the membership to walk into the do-jahng. This marketing plan will be discussed within this Business Plan.
Potential members are most aware of a do-jahng’s physical existence because:
Two martial arts schools have been identified as being the most competitive with our location. All have a physical facility (dojo), both offer traditional martial arts training. Both offer competitive pricing and are open Monday thru Saturday (closed Sunday). In addition, each head instructor is well versed in his/her field. Both facilities are located approximately 7-10 miles from locations being sought after for the Cents and Senseibility Martial Arts School.
At this time there are no major health clubs in the immediate vicinity of our proposed location.
In this somewhat competitive field, Cents and Senseibility Martial Arts School will focus on a broad market. Special focus will be placed on recruiting students from the four Elementary Schools, two Middle Schools, and two High Schools in the immediate area.
Special emphasis will be placed on these age groups:
Weaknesses:
In the Marketing Strategy the target is very broad, kids 3 to 14, young adults 15 to 25, and adults 26 to 49. To address this market one must understand that Cents and Senseibility Martial Arts School will be a “showplace” and in marketing efforts we want potential members to judge our “book by its cover.”
The first strategy will be to open a fully decorated and functional Taekwondo School (Cents and Senseibility Martial Arts School). This school will be a fun and exciting place where members will want to train. The school will be neat, clean and offer a variety of functions and state of the art training facility.
Show and Tell
The first marketing initiative is to meet with the local School Administrators and introduce ourself to the community. The “Show and Tell” plan is introduced and when accepted lends the approach to meet the children in the classroom. The “Show and Tell” is organized in different segments. The first time the instructor addresses the children he/she will be in full Martial Art Uniform. Most children are thoroughly impressed and fascinated as they enter the room. Upon asking them if they would like to have a uniform and take Taekwondo, it immediately attracts their attention. This is where the instructor immediately reaches out and begins to teach the students the meaning of discipline. Discipline meaning how we act in the presence of adults and teachers and what is expected of students in the Taekwondo School. The students are rewarded for their behavior during the “Show and Tell” by letting them break styrofoam (simulated wood boards) as they do in the Taekwondo School. By the time the instructors leave the class room, the children are so fascinated by the instructor and his/her teaching application, all students are sitting straight up in their seats and answering the teacher and instructor with phrases like “Yes Sir, Yes Ma’am”.
Because of the success of the first visit, the teachers are so astonished at the children’s behavior change in the classroom that the Instructor(s) are invited back for a second and third and often a forth time during the school year. Each time the instructor is invited back he/she concentrates on a different element of the martial arts such as self control, concentration, respect. Each “Show and Tell” reflects the topic the teacher would like demonstrated to the children. This has been such a success that the word spreads quickly and the Instructors visit every classroom and address entire schools putting on demonstrations during the recalls in the Auditorium.
During each of these visits at the end of the session, each child is given a card for a free 30 days of instruction. On average 10 children will attend the free lessons. Getting the parents and child into the Taekwondo School will usually sell itself. However, once they enter the School, the instructor interviews the parents to see just what they would like their child to receive out of the Taekwondo Class. Depending on the parents’ answer—discipline, self-control, respect, etc.—the instructor gears his focus for that student to the parents’ wish. The child is then taken onto the do-jahng with the instructor for a one-hour introduction in Taekwondo. The instructor is gearing his one-hour orientation toward what the parent has requested (e.g., discipline, self-control, respect, etc.). Once the instructor returns with the child, the parent sees the immediate change in their child’s behavior after only a one-hour session. At this time, six to eight of the 10 students that enter that day enroll under contract to begin their Taekwondo lessons.
V.I.P. Program
The second marketing initiative is a V.I.P. program. Here we take to the parking lots of the local shopping and strip malls dressed in full uniform. We actively hand out flyers and business cards to all parents we see with children, or any interested adult that approaches. Again we offer 30 days of free lessons, to get the people in the door of the school. Once they enter the do-jahng, the same process as above is used. Through experience in exercising these methods, six to eight out of the 10 people that enter will sign a contract for lessons.
As the students begin to enroll, Cents and Senseibility Martial Arts School plans to participate in “Martial Arts” demonstrations at the local malls, Wal-Mart and grocery store location parking lots, public parks, etc., with the students participating in the demonstration.
Yellow Pages
The third marketing initiative is to advertise in the “Yellow Pages”, local newspaper, radio, websites and, as we become more profitable, on local television.
For adults in the city who want to learn and/or have their children learn the art of Taekwondo and to build self-confidence, we offer competitive pricing, convenient hours, and quality instruction, under the leadership of a 5th degree black belt, nationally recognized instructor.
Unlike the competition, Cents and Senseibility Martial Arts School plans to offer the most modern of facilities, in a convenient location with ample parking, and programs that are entertaining, adventuresome, with the tradition of Korean style Taekwondo.
We must offer our services at a pricing structure that will both meet our financial needs and the needs of our members. Our value-priced fee structure of $80 per month membership for the Tiny Tots Taekwondo (3T) Program, $85 per month for the Basic Program and $90 per month for the Black Belt Club is competitive for schools that own their own facility. We will keep this fee but offer promotional discounts to members for bringing in new students.
There are as many introductory promotional pricing packages as there are do-jahngs. All the programs are designed to draw or introduce the potential member to the do-jahng without requiring them to sign a long-term contract. All offer the same basic package which includes anywhere from 1-6 months training, 1-3 private classes with gi (uniform), and prices varying from $50 to $99.
Our value-pricing strategy is to offer a very short introductory package of two personal training sessions and a gi for $29. If the potential member wants to continue, we will offer a six month introductory package at $299. After six months, if the potential member wants to continue we will offer the annual contract at $1,000 (with discounts for payment up front). Monthly or quarterly billing options will be offered.
In addition, we will be working to identify other pricing structures which address families and lower income students.
Based on buying pattern research, we determined marketing in local schools and public places is the most successful marketing strategy, followed by “word-of-mouth” for promoting our do-jahng, followed by the “storefront” and finally advertising.” With this in mind we have established the following promotional strategies:
In our Marketing Strategy the primary market will be kids 3 to 14 and young adults from 15 to 25 and adults 30 to 49. The senior adults (50+) market will be addressed separately.
There are a number of establishments surrounding the do-jahng. We will contact select establishments for an agreed brochure trade, with emphasis on a positive, well-designed showcase that will benefit both parties with possible discounts being made available.
The overall strategy is to increase membership to 300 by year-end 2004, which is 80% of the do-jahng capacity and an aggressive two year growth. Through effective marketing efforts Cents and Senseibility Martial Arts School will make potential customers aware of the do-jahng. From this awareness Cents and Senseibility will increase the number of potential members that walk in the front door.
These new potential members will be met by either the Instructor or a well-trained sales associate/receptionist who will have all sales materials, promotions and a computer for data entry. The sales associate will be empowered to offer select promotions, however, if the potential member is interested in joining, an instructor will be made available for immediate consultation.
The following chart and table reflects the aggressive, but obtainable sales forecast. Membership is projected to grow at a steady pace. Introductory membership fees will be adjusted accordingly after the three month grand opening.
Special classes will be conducted upon demand. Weekend activities such as birthday parties and special events will also be conducted for a minimal price.
Private lessons will also be made available by Rolly BonTemps, 5th Degree Black Belt, upon the students request for lessons.
Belt testing will be conducted every 8 weeks and fees will be according to rank and group membership.
Self-defense seminars for women will be held periodically throughout the year, teaching females the basic self-defense techniques in case of emergencies.
Special Law Enforcement self-defense seminars will be held periodically throughout the year, teaching Law Enforcement Officers basic and advanced self-defense techniques.
Sales Forecast | |||
Year 1 | Year 2 | Year 3 | |
Sales | |||
3T Membership | $38,000 | $54,000 | $63,000 |
Basic Club Membership | $49,300 | $118,830 | $93,500 |
Black Belt Club Membership | $30,960 | $61,920 | $92,880 |
Masters Club Membership | $28,900 | $57,800 | $86,700 |
Testing | $50,900 | $68,715 | $92,765 |
Private Lessons | $1,950 | $2,048 | $2,150 |
Weekend Specials | $2,375 | $2,494 | $2,618 |
Merchandise | $14,700 | $17,640 | $21,168 |
Pilates Membership | $21,000 | $23,100 | $25,410 |
Cardio Kick Boxing Membership | $21,000 | $23,100 | $25,410 |
Total Sales | $259,085 | $429,646 | $505,602 |
Direct Cost of Sales | Year 1 | Year 2 | Year 3 |
Merchandise | $7,350 | $8,820 | $10,584 |
Testing – CATISC fees | $7,635 | $10,307 | $13,915 |
Testing (inventory, etc.) | $15,270 | $20,615 | $27,830 |
Subtotal Direct Cost of Sales | $30,255 | $39,742 | $52,328 |
The following table lists important program milestones, with dates and managers in charge, and budgets for each. The milestone schedule indicates the emphasis on planning for implementation. The most important programs are the sales and marketing programs listed in detail in the previous topics.
Milestones | |||||
Milestone | Start Date | End Date | Budget | Manager | Department |
Business Plan | 6/15/2003 | 8/30/2003 | $150 | Fiorello & Rolly | Marketing |
Marketing Plan | 6/30/2003 | 9/30/2003 | $250 | Rolly | Marketing |
Find School Location | 7/1/2003 | 10/30/2003 | $0 | Fiorello & Rolly | Marketing |
Secure Financing | 8/30/2003 | 10/30/2003 | $0 | Fiorello & Rolly | Marketing |
Store Front Sign | 10/30/2003 | 12/30/2003 | $10,000 | Fiorello & Rolly | Marketing |
Open School | 12/1/2003 | 1/3/2004 | $25,000 | Rolly | Marketing |
Marketing program – first 25 students | 12/1/2003 | 1/3/2004 | $2,000 | Rolly | Marketing |
Marketing program – first 50 students | 1/4/2004 | 1/31/2004 | $1,000 | Rolly | Web |
Marketing program – Cardio Kick Boxing 50 students | 12/1/2003 | 1/31/2004 | $500 | Rolly | Marketing |
Marketing program – Pilates First 50 students | 12/1/2003 | 1/31/2004 | $500 | Meg | Marketing |
Marketing program – first 100 students | 2/2/2004 | 2/29/2004 | $1,000 | Rolly | Web |
Marketing program – first 200 students | 5/2/2004 | 7/31/2004 | $2,000 | Rolly | Marketing |
Marketing program – first 250 students | 8/2/2004 | 10/16/2004 | $1,500 | Rolly | Marketing |
Marketing program – first 300 students | 10/18/2004 | 1/1/2005 | $1,500 | Rolly | Marketing |
Marketing program – VIP Schools | 12/1/2003 | 12/31/2004 | $100/month | Rolly | Marketing |
Totals | $45,400 |
Rolly BonTemps is the owner of Cents and Senseibility Martial Arts School. Mr. BonTemps (5th degree black belt) is an experienced Taekwondo instructor with over 10 years as a certified Instructor with the Can-Am Taekwondo Instructors and Schools Confederation. He has also recognized by leading instructors in the Can-Am Taekwondo Instructors and Schools Confederation as one of the organization’s leading Marketing Specialists in recruitment.
Upon opening the School he will contract an accountant. At this time there are no other employees. The Taekwondo School will be a self-running establishment. The owner will oversee operations and provide all of the instruction at this time.
The do-jahng itself is a small business. However, the company is putting together a quality management team (Board of Advisors) to assist in business matters. Gaps in legal, tax, marketing and personnel will be covered by the Board of Advisors. Our strength will be in the technical and management fields. Computer graphic designing and software programs is expected to assist with the advertising and marketing for Cents and Senseibility Martial Arts School. While currently the Black Belt Academy has no employees, as soon as the school opens the owner’s father and mother will be assisting part-time as sales associate/receptionist to handle the expected increase in new membership and serve on the Board of Advisors for business issues. The Board of Advisors will consist of a three member team, each with experience in general business (insurance), accounting, small business, legal issues and human resources.
Cents and Senseibility Martial Arts School will have the below listed employees:
The owner will actively seek advice from SCORE “Counselors to America’s Small Business”, a national non-profit organization with an office in our community. This is a group of retired executives and business owners who donate their time to serve as counselors and advisors to aspiring entrepreneurs and business owners.
These experienced counselors provide FREE small business counseling for business owners in the region from their office in downtown.
In calendar year 2002, our SCORE Chapter handled 824 new cases, 341 follow-up cases (of which 335 were new e-mail cases and 181 were follow-on e-mail cases). Also, SCORE counselors put in a total of 1,748 volunteer hours. Currently, there are five counselors approved by National SCORE to handle U.S.-wide e-mail cases.
Personnel Plan | |||
Year 1 | Year 2 | Year 3 | |
Rolly BonTemps (Owner) | $33,000 | $45,000 | $65,000 |
Meg LeFevre (Instructor) | $7,000 | $10,000 | $15,000 |
Fiorello BonTemps (Board of Directors) | $6,000 | $8,000 | $10,000 |
Merry BonTemps (Board of Directors) | $6,000 | $8,000 | $10,000 |
Total People | 4 | 4 | 4 |
Total Payroll | $52,000 | $71,000 | $100,000 |
The initial investment in the Cents and Senseibility Martial Arts School will be provided by Rolly BonTemps and his parents. The owner will also seek a 3-year bank loan to provide the remainder of the required initial funding.
Our financial plan is built on the assumption that Cents and Senseibility will be able to recruit the required amount of students on a rolling basis. The owner strongly believes that his previous successful experience as one of the industry’s most distinguished marketing specialists will allow him to become successful with the enrollment for his own Taekwondo school.
The break-even point of + or – 70 students should be achieved in just three months. The goal of 300 students in 12-18 months is very obtainable. When this goal is met, Cents and Senseibility Martial Arts School will be a very profitable business. The long-term goal is to have enough cash on-hand and a solid credit history to pursue the ultimate goal of owning our own building. This facility will include the Cents and Senseibility Martial Arts School and a fitness center for young and older adults to participate in several fitness programs, as well as a universal gym.
It was necessary to make certain broad-based assumptions in planning for the future. The financial assumptions are listed below in the table. In addition, several other important assumptions have been made:
General Assumptions | |||
Year 1 | Year 2 | Year 3 | |
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 7.00% | 7.00% | 7.00% |
Long-term Interest Rate | 9.00% | 9.00% | 9.00% |
Tax Rate | 30.00% | 30.00% | 30.00% |
Other | 0 | 0 | 0 |
For the break-even analysis, the assumed running costs will include full payroll, rent, and utilities, and an estimation of other running costs. Based on our assumed variable cost, we show below our estimated break-even sales volume per month. We expect to reach that sales volume by our fourth month of operations.
Break-even Analysis | |
Monthly Revenue Break-even | $10,605 |
Assumptions: | |
Average Percent Variable Cost | 12% |
Estimated Monthly Fixed Cost | $9,367 |
Cents and Senseibility’s monthly profit for the first year varies considerably, as we aggressively seek improvements and begin marketing the business. However, after the first six months, profitability should take hold, which will allow a modest increase to the owner’s salary.
Pro Forma Profit and Loss | |||
Year 1 | Year 2 | Year 3 | |
Sales | $259,085 | $429,646 | $505,602 |
Direct Cost of Sales | $30,255 | $39,742 | $52,328 |
Other costs | $0 | $0 | $0 |
Total Cost of Sales | $30,255 | $39,742 | $52,328 |
Gross Margin | $228,830 | $389,905 | $453,273 |
Gross Margin % | 88.32% | 90.75% | 89.65% |
Expenses | |||
Payroll | $52,000 | $71,000 | $100,000 |
Sales and Marketing and Other Expenses | $15,000 | $25,000 | $40,000 |
Depreciation | $1,000 | $1,000 | $1,000 |
Rent | $30,000 | $30,000 | $30,000 |
Utilities | $4,200 | $4,500 | $4,600 |
Janitorial services | $3,000 | $3,500 | $4,000 |
Insurance | $1,200 | $1,200 | $1,200 |
Payroll Taxes | $0 | $0 | $0 |
Miscellaneous | $6,000 | $10,000 | $15,000 |
Total Operating Expenses | $112,400 | $146,200 | $195,800 |
Profit Before Interest and Taxes | $116,430 | $243,705 | $257,473 |
EBITDA | $117,430 | $244,705 | $258,473 |
Interest Expense | $4,523 | $2,861 | $982 |
Taxes Incurred | $33,572 | $72,253 | $76,947 |
Net Profit | $78,335 | $168,590 | $179,544 |
Net Profit/Sales | 30.24% | 39.24% | 35.51% |
Like profit, the first year’s monthly cash flows will vary. Since we will mostly deal with private customers, we expect that most of our sales will be done in cash or by credit card, which will positively affect our planned cash flow, especially during the most crucial first year of operations. A 3-year commercial loan sought by the owner will be required to cover working capital requirement.
Our projected cash flow, as summarized in the table below, is expected to meet the needs. In the following years, excess cash will be used to finance more aggressive service plans.
Pro Forma Cash Flow | |||
Year 1 | Year 2 | Year 3 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $207,268 | $343,717 | $404,481 |
Cash from Receivables | $37,428 | $76,457 | $96,902 |
Subtotal Cash from Operations | $244,697 | $420,174 | $501,383 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $244,697 | $420,174 | $501,383 |
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $52,000 | $71,000 | $100,000 |
Bill Payments | $115,234 | $193,364 | $226,001 |
Subtotal Spent on Operations | $167,234 | $264,364 | $326,001 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $18,236 | $19,947 | $21,817 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
Subtotal Cash Spent | $185,470 | $284,311 | $347,818 |
Net Cash Flow | $59,227 | $135,863 | $153,565 |
Cash Balance | $103,227 | $239,090 | $392,655 |
The balance sheet is quite solid. Cents and Senseibility Martial Arts School does not project any real trouble meeting its debt obligations—as long as it can achieve the specific objectives. We are very confident we will meet all objectives in the Business Plan, if not exceed them.
Pro Forma Balance Sheet | |||
Year 1 | Year 2 | Year 3 | |
Assets | |||
Current Assets | |||
Cash | $103,227 | $239,090 | $392,655 |
Accounts Receivable | $14,388 | $23,861 | $28,079 |
Inventory | $9,575 | $12,577 | $16,561 |
Other Current Assets | $0 | $0 | $0 |
Total Current Assets | $127,190 | $275,528 | $437,295 |
Long-term Assets | |||
Long-term Assets | $10,000 | $10,000 | $10,000 |
Accumulated Depreciation | $1,000 | $2,000 | $3,000 |
Total Long-term Assets | $9,000 | $8,000 | $7,000 |
Total Assets | $136,190 | $283,528 | $444,295 |
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $17,091 | $15,786 | $18,825 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
Subtotal Current Liabilities | $17,091 | $15,786 | $18,825 |
Long-term Liabilities | $41,764 | $21,817 | $0 |
Total Liabilities | $58,855 | $37,603 | $18,825 |
Paid-in Capital | $35,000 | $35,000 | $35,000 |
Retained Earnings | ($36,000) | $42,335 | $210,925 |
Earnings | $78,335 | $168,590 | $179,544 |
Total Capital | $77,335 | $245,925 | $425,469 |
Total Liabilities and Capital | $136,190 | $283,528 | $444,295 |
Net Worth | $77,335 | $245,925 | $425,469 |
As indicated in the “Service Business Analysis” the martial arts industry is not properly reflected in the SIC Code provided (7999). However, with this said, we have made some preliminary business ratio comparisons using the SIC (2000 figures). The results are very favorable.
We have much lower long-term assets than the industry standard because we are beginning our business with a rented space, rather than buying one. If Cents and Senseibility sees sufficient growth over the first three yeears, we may buy a suitable location for permanent space.
Ratio Analysis | ||||
Year 1 | Year 2 | Year 3 | Industry Profile | |
Sales Growth | 0.00% | 65.83% | 17.68% | 2.76% |
Percent of Total Assets | ||||
Accounts Receivable | 10.57% | 8.42% | 6.32% | 4.27% |
Inventory | 7.03% | 4.44% | 3.73% | 4.31% |
Other Current Assets | 0.00% | 0.00% | 0.00% | 31.38% |
Total Current Assets | 93.39% | 97.18% | 98.42% | 39.96% |
Long-term Assets | 6.61% | 2.82% | 1.58% | 60.04% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 12.55% | 5.57% | 4.24% | 23.98% |
Long-term Liabilities | 30.67% | 7.69% | 0.00% | 24.53% |
Total Liabilities | 43.22% | 13.26% | 4.24% | 48.51% |
Net Worth | 56.78% | 86.74% | 95.76% | 51.49% |
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 88.32% | 90.75% | 89.65% | 100.00% |
Selling, General & Administrative Expenses | 30.44% | 23.59% | 23.82% | 75.54% |
Advertising Expenses | 0.39% | 0.23% | 0.20% | 3.11% |
Profit Before Interest and Taxes | 44.94% | 56.72% | 50.92% | 1.52% |
Main Ratios | ||||
Current | 7.44 | 17.45 | 23.23 | 1.04 |
Quick | 6.88 | 16.66 | 22.35 | 0.68 |
Total Debt to Total Assets | 43.22% | 13.26% | 4.24% | 64.79% |
Pre-tax Return on Net Worth | 144.70% | 97.93% | 60.28% | 2.30% |
Pre-tax Return on Assets | 82.17% | 84.95% | 57.73% | 6.54% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | 30.24% | 39.24% | 35.51% | n.a |
Return on Equity | 101.29% | 68.55% | 42.20% | n.a |
Activity Ratios | ||||
Accounts Receivable Turnover | 3.60 | 3.60 | 3.60 | n.a |
Collection Days | 56 | 81 | 94 | n.a |
Inventory Turnover | 5.12 | 3.59 | 3.59 | n.a |
Accounts Payable Turnover | 7.74 | 12.17 | 12.17 | n.a |
Payment Days | 27 | 31 | 28 | n.a |
Total Asset Turnover | 1.90 | 1.52 | 1.14 | n.a |
Debt Ratios | ||||
Debt to Net Worth | 0.76 | 0.15 | 0.04 | n.a |
Current Liab. to Liab. | 0.29 | 0.42 | 1.00 | n.a |
Liquidity Ratios | ||||
Net Working Capital | $110,099 | $259,742 | $418,469 | n.a |
Interest Coverage | 25.74 | 85.18 | 262.25 | n.a |
Additional Ratios | ||||
Assets to Sales | 0.53 | 0.66 | 0.88 | n.a |
Current Debt/Total Assets | 13% | 6% | 4% | n.a |
Acid Test | 6.04 | 15.15 | 20.86 | n.a |
Sales/Net Worth | 3.35 | 1.75 | 1.19 | n.a |
Dividend Payout | 0.00 | 0.00 | 0.00 | n.a |
Sales Forecast | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | |||||||||||||
3T Membership | 8000% | $400 | $1,200 | $2,000 | $2,800 | $3,600 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
Basic Club Membership | 8500% | $425 | $1,275 | $2,125 | $2,975 | $3,825 | $4,250 | $4,675 | $5,100 | $5,525 | $5,950 | $6,375 | $6,800 |
Black Belt Club Membership | 9000% | $450 | $630 | $900 | $1,350 | $1,530 | $1,800 | $2,250 | $3,150 | $4,050 | $4,950 | $4,950 | $4,950 |
Masters Club Membership | 10000% | $0 | $500 | $700 | $1,000 | $1,200 | $1,500 | $2,000 | $2,500 | $3,500 | $4,500 | $5,500 | $6,000 |
Testing | 0% | $0 | $0 | $1,150 | $2,300 | $3,200 | $4,500 | $5,050 | $5,600 | $6,150 | $6,700 | $7,500 | $8,750 |
Private Lessons | 0% | $0 | $0 | $150 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 |
Weekend Specials | 0% | $0 | $150 | $150 | $200 | $200 | $225 | $225 | $225 | $250 | $250 | $250 | $250 |
Merchandise | 0% | $0 | $800 | $1,000 | $1,250 | $1,250 | $1,250 | $1,250 | $1,500 | $1,500 | $1,500 | $1,700 | $1,700 |
Pilates Membership | 0% | $0 | $0 | $750 | $1,250 | $1,750 | $2,250 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
Cardio Kick Boxing Membership | 0% | $0 | $0 | $750 | $1,250 | $1,750 | $2,250 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
Total Sales | $1,275 | $4,555 | $9,675 | $14,575 | $18,505 | $22,225 | $24,650 | $27,275 | $30,175 | $33,050 | $35,475 | $37,650 | |
Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Merchandise | 50% | $0 | $400 | $500 | $625 | $625 | $625 | $625 | $750 | $750 | $750 | $850 | $850 |
Testing – CATISC fees | 15% | $0 | $0 | $173 | $345 | $480 | $675 | $758 | $840 | $923 | $1,005 | $1,125 | $1,313 |
Testing (inventory, etc.) | 30% | $0 | $0 | $345 | $690 | $960 | $1,350 | $1,515 | $1,680 | $1,845 | $2,010 | $2,250 | $2,625 |
Subtotal Direct Cost of Sales | $0 | $400 | $1,018 | $1,660 | $2,065 | $2,650 | $2,898 | $3,270 | $3,518 | $3,765 | $4,225 | $4,788 |
Personnel Plan | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Rolly BonTemps (Owner) | 0% | $2,000 | $2,000 | $2,000 | $2,500 | $2,500 | $2,500 | $3,000 | $3,000 | $3,000 | $3,500 | $3,500 | $3,500 |
Meg LeFevre (Instructor) | 0% | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $750 | $750 | $750 | $750 |
Fiorello BonTemps (Board of Directors) | 0% | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 |
Merry BonTemps (Board of Directors) | 0% | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 |
Total People | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |
Total Payroll | $3,500 | $3,500 | $3,500 | $4,000 | $4,000 | $4,000 | $4,500 | $4,500 | $4,750 | $5,250 | $5,250 | $5,250 |
General Assumptions | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Current Interest Rate | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | |
Long-term Interest Rate | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | |
Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | $1,275 | $4,555 | $9,675 | $14,575 | $18,505 | $22,225 | $24,650 | $27,275 | $30,175 | $33,050 | $35,475 | $37,650 | |
Direct Cost of Sales | $0 | $400 | $1,018 | $1,660 | $2,065 | $2,650 | $2,898 | $3,270 | $3,518 | $3,765 | $4,225 | $4,788 | |
Other costs | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Cost of Sales | $0 | $400 | $1,018 | $1,660 | $2,065 | $2,650 | $2,898 | $3,270 | $3,518 | $3,765 | $4,225 | $4,788 | |
Gross Margin | $1,275 | $4,155 | $8,658 | $12,915 | $16,440 | $19,575 | $21,753 | $24,005 | $26,658 | $29,285 | $31,250 | $32,863 | |
Gross Margin % | 100.00% | 91.22% | 89.48% | 88.61% | 88.84% | 88.08% | 88.25% | 88.01% | 88.34% | 88.61% | 88.09% | 87.28% | |
Expenses | |||||||||||||
Payroll | $3,500 | $3,500 | $3,500 | $4,000 | $4,000 | $4,000 | $4,500 | $4,500 | $4,750 | $5,250 | $5,250 | $5,250 | |
Sales and Marketing and Other Expenses | $4,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
Depreciation | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | |
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 | |
Utilities | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | |
Janitorial services | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
Insurance | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
Payroll Taxes | 15% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Miscellaneous | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
Total Operating Expenses | $11,283 | $8,283 | $8,283 | $8,783 | $8,783 | $8,783 | $9,283 | $9,283 | $9,533 | $10,033 | $10,033 | $10,033 | |
Profit Before Interest and Taxes | ($10,008) | ($4,128) | $374 | $4,132 | $7,657 | $10,792 | $12,469 | $14,722 | $17,124 | $19,252 | $21,217 | $22,829 | |
EBITDA | ($9,925) | ($4,045) | $458 | $4,215 | $7,740 | $10,875 | $12,553 | $14,805 | $17,208 | $19,335 | $21,300 | $22,913 | |
Interest Expense | $439 | $428 | $417 | $406 | $394 | $383 | $372 | $360 | $349 | $337 | $325 | $313 | |
Taxes Incurred | ($3,134) | ($1,367) | ($13) | $1,118 | $2,179 | $3,123 | $3,629 | $4,308 | $5,033 | $5,674 | $6,267 | $6,755 | |
Net Profit | ($7,313) | ($3,189) | ($30) | $2,608 | $5,084 | $7,286 | $8,468 | $10,053 | $11,743 | $13,240 | $14,624 | $15,761 | |
Net Profit/Sales | -573.58% | -70.02% | -0.31% | 17.89% | 27.47% | 32.78% | 34.35% | 36.86% | 38.92% | 40.06% | 41.22% | 41.86% |
Pro Forma Cash Flow | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $1,020 | $3,644 | $7,740 | $11,660 | $14,804 | $17,780 | $19,720 | $21,820 | $24,140 | $26,440 | $28,380 | $30,120 | |
Cash from Receivables | $0 | $9 | $277 | $945 | $1,968 | $2,941 | $3,726 | $4,461 | $4,948 | $5,474 | $6,054 | $6,626 | |
Subtotal Cash from Operations | $1,020 | $3,653 | $8,017 | $12,605 | $16,772 | $20,721 | $23,446 | $26,281 | $29,088 | $31,914 | $34,434 | $36,746 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $1,020 | $3,653 | $8,017 | $12,605 | $16,772 | $20,721 | $23,446 | $26,281 | $29,088 | $31,914 | $34,434 | $36,746 | |
Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Expenditures from Operations | |||||||||||||
Cash Spending | $3,500 | $3,500 | $3,500 | $4,000 | $4,000 | $4,000 | $4,500 | $4,500 | $4,750 | $5,250 | $5,250 | $5,250 | |
Bill Payments | $167 | $4,963 | $3,806 | $5,188 | $7,705 | $10,211 | $12,028 | $12,136 | $13,407 | $14,123 | $15,020 | $16,479 | |
Subtotal Spent on Operations | $3,667 | $8,463 | $7,306 | $9,188 | $11,705 | $14,211 | $16,528 | $16,636 | $18,157 | $19,373 | $20,270 | $21,729 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $1,458 | $1,469 | $1,480 | $1,491 | $1,502 | $1,513 | $1,525 | $1,536 | $1,548 | $1,559 | $1,571 | $1,583 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $5,125 | $9,932 | $8,786 | $10,679 | $13,207 | $15,724 | $18,053 | $18,173 | $19,705 | $20,932 | $21,841 | $23,312 | |
Net Cash Flow | ($4,105) | ($6,280) | ($769) | $1,926 | $3,564 | $4,997 | $5,393 | $8,108 | $9,382 | $10,982 | $12,593 | $13,434 | |
Cash Balance | $39,895 | $33,615 | $32,846 | $34,772 | $38,337 | $43,334 | $48,727 | $56,835 | $66,217 | $77,199 | $89,792 | $103,227 |
Pro Forma Balance Sheet | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $44,000 | $39,895 | $33,615 | $32,846 | $34,772 | $38,337 | $43,334 | $48,727 | $56,835 | $66,217 | $77,199 | $89,792 | $103,227 |
Accounts Receivable | $0 | $255 | $1,158 | $2,816 | $4,786 | $6,519 | $8,023 | $9,227 | $10,221 | $11,308 | $12,444 | $13,485 | $14,388 |
Inventory | $5,000 | $5,000 | $4,600 | $3,583 | $3,320 | $4,130 | $5,300 | $5,795 | $6,540 | $7,035 | $7,530 | $8,450 | $9,575 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $49,000 | $45,150 | $39,373 | $39,245 | $42,878 | $48,986 | $56,656 | $63,748 | $73,596 | $84,561 | $97,173 | $111,727 | $127,190 |
Long-term Assets | |||||||||||||
Long-term Assets | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
Accumulated Depreciation | $0 | $83 | $167 | $250 | $333 | $417 | $500 | $583 | $667 | $750 | $833 | $917 | $1,000 |
Total Long-term Assets | $10,000 | $9,917 | $9,833 | $9,750 | $9,667 | $9,583 | $9,500 | $9,417 | $9,333 | $9,250 | $9,167 | $9,083 | $9,000 |
Total Assets | $59,000 | $55,067 | $49,206 | $48,995 | $52,545 | $58,569 | $66,156 | $73,165 | $82,929 | $93,811 | $106,340 | $120,810 | $136,190 |
Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Current Liabilities | |||||||||||||
Accounts Payable | $0 | $4,838 | $3,636 | $4,934 | $7,367 | $9,810 | $11,625 | $11,690 | $12,938 | $13,624 | $14,472 | $15,890 | $17,091 |
Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $0 | $4,838 | $3,636 | $4,934 | $7,367 | $9,810 | $11,625 | $11,690 | $12,938 | $13,624 | $14,472 | $15,890 | $17,091 |
Long-term Liabilities | $60,000 | $58,542 | $57,073 | $55,593 | $54,102 | $52,600 | $51,086 | $49,562 | $48,025 | $46,478 | $44,918 | $43,347 | $41,764 |
Total Liabilities | $60,000 | $63,380 | $60,709 | $60,527 | $61,469 | $62,410 | $62,711 | $61,252 | $60,963 | $60,101 | $59,390 | $59,237 | $58,855 |
Paid-in Capital | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 |
Retained Earnings | ($36,000) | ($36,000) | ($36,000) | ($36,000) | ($36,000) | ($36,000) | ($36,000) | ($36,000) | ($36,000) | ($36,000) | ($36,000) | ($36,000) | ($36,000) |
Earnings | $0 | ($7,313) | ($10,503) | ($10,533) | ($7,924) | ($2,841) | $4,445 | $12,913 | $22,966 | $34,709 | $47,950 | $62,574 | $78,335 |
Total Capital | ($1,000) | ($8,313) | ($11,503) | ($11,533) | ($8,924) | ($3,841) | $3,445 | $11,913 | $21,966 | $33,709 | $46,950 | $61,574 | $77,335 |
Total Liabilities and Capital | $59,000 | $55,067 | $49,206 | $48,995 | $52,545 | $58,569 | $66,156 | $73,165 | $82,929 | $93,811 | $106,340 | $120,810 | $136,190 |
Net Worth | ($1,000) | ($8,313) | ($11,503) | ($11,533) | ($8,924) | ($3,841) | $3,445 | $11,913 | $21,966 | $33,709 | $46,950 | $61,574 | $77,335 |
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Written by Elma Steven | Updated on April, 2024
Martial Arts Business Plan is an outline of your overall martial arts business. The business plan should include a 5 year financial projection, marketing plan, industry analysis, organizational overview, operational overview and finally an executive summary. Remember to write your executive summary at the end as it is considered as a snapshot of the overall business plan. You need to be careful while writing the plan as you need to consider various factors that can impact the business’s success.
You can spend 3 to 4 weeks trying to write your own Business Plan by browsing through free online resources or hire a professional writer for $2,000. There is a better way to do this- Download our Martial Arts Business Pla n to write a plan in just 2 days .
This depends on your expected revenue and cost. Also, we need to consider the startup cost. Find out the answer- Is Candle Business Profitable?
Executive summary, how to write an executive summary.
An executive summary should include four sections: an overview, a mission, a vision and an industry overview. The overview section should include details such as the business name, founder details and primary services and products. You can also include any USPs to highlight your competitive advantage. Click on this box to read the details of executive summary writing process. The executive summary should be written at the end and it should inspire the reader to go through the entire business plan.
Located in the middle of Miami’s varied population, the world-class martial arts school Miami Warrior Dojo was established by Carlos Rodriguez. Martial arts instruction, self-defense courses, fitness regimens, and personal growth programs are our main offerings. Carlos Rodriguez is an asset to the studio due to his extensive background in martial arts, which spans more than ten years. Our knowledgeable teachers, wide range of martial arts techniques, and welcoming atmosphere are what set Miami Warrior Dojo apart from the competition.
Mission: Through the practice of martial arts, we want to inspire people of all ages to become physically healthy, mentally strong, and spiritually mature. In addition to providing excellent martial arts instruction, our mission is to encourage mutual regard, perseverance, and community building.
Vision: We want to be a pillar of the Miami martial arts community, known for our diverse student body, top-notch instructors, and the cultivation of complete martial artists. Our vision is to become the go-to place for locals in need of self-improvement and martial arts instruction.
Industry Overview
With an estimated market size of $16.8 billion in 2023 and expected to keep expanding, the martial arts business in the USA is doing quite well. Mixed martial arts (MMA), fitness, and self-defense training are all on the rise, especially among women and millennials, which is driving this expansion. A growing number of families are enrolling their children in martial arts programs as a means to instill discipline, teach them self-defense skills, and encourage physical activity.
Check out this guide on how to write an executive summary? If you don’t have the time to write on then you can use this custom Executive Summary Writer to save Hrs. of your precious time.
Earnings & profitability.
Business Name: Miami Warrior Dojo
Founders: Carlos Rodriguez
Management Team: [You can ignore this/ delete this but its better to provide it]
Legal Structure: LLC
Location: Miami
Services:
Startup cost, revenue & cost projection, profitability & cash flow projection, business model, tips on business model canvas.
The Business Model Canvas is a high-level overview of the business model. It can also be considered as the business model map in the overall plan. The important partners, key activities, value proposition and cost & revenue sections are only some of the nine vital components. A company idea’s complexities may be mapped out, analyzed and communicated with the use of the canvas. It shows the whole picture of a company’s value creation, delivery and capture processes. It helps new business owners hone their ideas, encourage creative thinking and make sound strategic decisions. It’s a helpful resource for coming up with ideas, organizing plans and presenting business models to key players. Check out the 100 samples of business model canvas.
It offers a clear lens into a company’s strengths, weaknesses, opportunities and threats. This self-awareness enables effective resource allocation and strategic positioning against competitors. Businesses can mitigate risks, make informed decisions and set realistic goals. In addition, presenting a SWOT analysis in a business plan communicates to stakeholders that the company possesses a deep understanding of its market environment. In essence, SWOT ensures a business’s strategy is grounded in reality enhancing its chances of success. Check out the 100 SWOT Samples
How to write your marketing plan.
The marketing plan concisely focuses on customer engagement & competitive strategies, incorporating a marketing budget, promotional channels, brand management and a go-to-market approach. It requires understanding the target audience and competition, setting defined marketing goals and developing a strategy that blends these elements. This approach ensures efficient budget use, leverages appropriate channels for promotion, maintains brand integrity and executes a solid market entry strategy.
Social Media Marketing – $10,000 (25%)
Website and SEO – $7,000 (17.5%)
Email Marketing – $4,000 (10%)
Local Partnerships and Community Engagement – $6,000 (15%)
Referral Program – $3,000 (7.5%)
Open Houses and Trial Classes – $5,000 (12.5%)
Local Advertising and Direct Mail – $2,000 (5%)
Social Media Marketing:
Search Engine Marketing (SEM) and Local SEO:
Email Marketing:
Local Partnerships and Community Engagement:
Referral Program:
Content Marketing:
In-Person Advertising:
Online Presence and Community Engagement:
Studio Launch Event and Promotional Offers:
Digital Marketing and Customer Relations:
Brand Awareness and Public Relations:
Performance Tracking:
How to write your organizational overview.
Organizational overview provides a snapshot of how a company is structured and operates. It outlines the ownership structure, roles, responsibilities of key management personnel and the reporting hierarchy within the organization. This section offers stakeholders, investors and other readers a clear understanding of the company’s leadership and its chain of command. Additionally, it may give insight into the company’s culture, values and operational philosophy.
The founder of Miami Warrior Dojo, Carlos Rodriguez, is a lifelong martial arts fan with a wealth of knowledge and expertise in a variety of styles. A lifetime dedication to the fundamentals of martial arts developed from his first pursuit of physical health and self-defense abilities.
Carlos has trained diligently for many years, achieved black belts in many martial arts, and has honed his teaching abilities by working with pupils of all ages and walks of life. In addition to improving one’s physical condition, he sees martial arts as a vehicle for introspection, self-control, and empowerment.
Motivated by a strong desire to share the advantages of martial arts with the Miami community, Carlos set up Miami Warrior Dojo, a martial arts facility, reflecting his profound enthusiasm for the art and his business drive. In addition to providing martial arts instruction, his business concept centers on establishing a welcoming community where all members may feel safe enough to express themselves, grow in self-confidence, and form lasting bonds with one another.
There is no Miami Warrior Dojo principle that is more fundamental than Carlos’s dedication to perfection. He stresses the need of safe practices, high-quality education, and the transformative power of martial arts for both people and society at large.
Carlos is also very involved in the neighborhood, taking part in outreach projects, teaching self-defense training, and hosting events to encourage people to get in shape and be safe. His unwavering commitment to ensuring that martial arts are available to people of all ages and walks of life is evidence of his faith in the transformative power of this discipline.
Known for its dedication to inclusiveness, excellent training, and the overall growth of its students, Miami Warrior Dojo is set to become a prestigious institution in Miami’s martial arts community under Carlos Rodriguez’s guidance. In addition to his professional success, Carlos’s narrative exemplifies his dedication to martial arts and his desire to help others in the dynamic city of Miami find personal strength and confidence via training.
Chief Instructor/Head Sensei – Carlos Rodriguez
Carlos is the go-to guy when it comes to martial arts training as he’s the chief instructor.
Developed the martial arts training program and oversaw its quality.
Offers direction and support to other educators.
Acts as a representative of the dojo at events and within the martial arts community.
Assistant Instructors
Help out with martial arts class instruction and making sure everyone stays safe.
Assist the Head Teacher in carrying out the course of study.
Assist students one-on-one as they learn.
Studio Manager
Manage the dojo on a daily basis.
Handle administrative duties, student registration, and class scheduling.
Everyone who comes to the school, including pupils, should feel secure and welcome.
Manage client interactions, student enrollment, and general queries.
Youth Program Coordinator
Organize and lead martial arts courses for young people.
Create lessons tailored to the needs of different age groups.
Communicate with guardians and parents to inform them on your progress.
Adult Program Coordinator
Arrange and instruct adult martial arts courses.
Develop training programs that cater to the unique requirements and aspirations of adult learners.
Create a training atmosphere that is inspiring and upbeat.
Marketing and Outreach Coordinator
Create and execute promotional plans to get the word out about the dojo.
Oversee the dojo’s website and social media accounts.
Workshops and community outreach activities may be planned and coordinated.
Work together with nearby companies to promote each other.
Front Desk Administrator
Take care of front desk tasks, such as greeting guests and pupils.
Ensure smooth registration, payment, and inquiry processes for students.
The reception area should be kept clean and organized at all times.
Safety and Equipment Manager
Make sure that pupils are safe while they are in training.
Make sure all training facilities and equipment are safe and in good working order by managing and maintaining them.
Direct the execution of safety measures.
Financial Controller
Budgeting and accounting are part of managing the dojo’s finances.
Organize and manage financial reporting, billing, and payroll.
Offer valuable financial information to assist with decision-making for businesses.
Community Engagement and Events Coordinator
Arrange and manage one-off gatherings, conferences, and workshops.
Collaborate with neighborhood institutions, businesses, and organizations.
Raise the profile of the dojo and encourage more participation from the neighborhood.
Martial Arts Classes
Instructor Training
Youth Programs
Adult Programs
Private Lessons:
Weapons Training
Competitions and Tournaments
Belt Testing and Graduations
Community Engagement:
Tips on industry analysis.
The industry analysis section offers a detailed exploration of the market environment. It identifies current challenges and potential opportunities within the industry, segments the target market to pinpoint specific consumer demographics, assesses the market’s overall size for growth potential and examines influential industry forces. This thorough analysis is essential for developing strategic business approaches, aligning objectives with market trends and positioning the company for competitive success.
Approximately $3 million is the market size of the Miami martial arts studio sector as of 2022. By the end of 2027, it is anticipated to have grown moderately but steadily over the following five years, with a projected CAGR of around 3%, reaching an estimated value of $3.45 million.
Source: ibisworld
Due to the city’s high demand for fitness, self-defense, and martial arts classes, Miami’s martial arts studio business is booming. Its projected value in 2022 is at $3 million. By the end of 2027, it is anticipated to have grown steadily over the following five years, with a projected CAGR of around 3%, rising to an estimated value of $3.45 million.
Other key trends and stats:
Source: mystudio
Geographic segmentation.
Market Demand and Martial Arts Trends: Martial arts classes in Miami are in high demand due to current fitness fads, increased interest in self-defense, and individuals looking to better themselves. The martial arts business in Miami is booming because people there are always looking for new ways to be in shape, feel better about themselves, and learn how to defend themselves. Moreover, the need for specialized training programs is greatly affected by certain trends within the martial arts, such as the popularity of traditional martial arts disciplines, mixed martial arts (MMA), and Brazilian Jiu-Jitsu (BJJ). You may adapt to these changing trends and take advantage of the increasing demand for martial arts instruction by providing a wide variety of styles to your clients.
Competition: With so many different types of martial arts schools, studios, and fitness centers in the Miami area, competition is fierce for new students. There is a lot of competition in the martial arts industry, so your studio needs to find a way to stand out. Bring attention to your instructors’ qualifications and experience, showcasing their mastery of different martial arts styles. Display one-of-a-kind training programs that cater to various interests, such as self-defense, competition, or personal growth. Train your students to be supportive of one another and to feel like they belong by making the classroom a warm and inviting place. A passionate and loyal customer might be yours if you can make your studio stand out.
Technological Advances: Delivering a contemporary and successful martial arts training experience requires being up-to-date with technical innovations. Your students’ learning experience may be greatly improved with the latest innovations in training gear, safety gear, and instructional technologies. To raise the bar for both training quality and safety, equip your studio with cutting-edge training materials. To make things easier, more accessible, and more engaging, use digital platforms for things like online class registration, student communication, and marketing.
Regulatory Environment: To run a successful martial arts school, you must master the regulatory landscape. The safety of your students and the credibility of your studio depend on your adherence to local rules, which include requirements for teacher certificates and safety standards. Furthermore, in order to maintain professional standards and trust within the martial arts community, it is essential to keep knowledgeable about and adhere to the rules and regulations set out by martial arts organizations. The reputation and integrity of your studio may be preserved by always doing what is legally required and by following all industry standards.
Economic Factors: The ability of people to spend money on martial arts instruction is greatly affected by the current economic situation. The amount of money that prospective students have to spend on martial arts classes might change depending on economic conditions, such as booms and busts. Give customers the opportunity to pay more or less depending on their budgets. In times of economic hardship, they may take the form of special sales, family packages, or student discounts. No matter the state of the economy, you can keep your doors open to a diverse group of students by adjusting your price plan.
Customer Preferences and Expectations: In order to provide your students a rewarding martial arts experience, you must first understand and then meet their expectations and preferences. Schedules, training intensities, and martial arts forms are all personal preferences that should be considered by each student. Make it a priority to teach your students not just the ropes of martial arts, but also the importance of self-control, kindness, and respect. Make sure everyone is comfortable, inspired, and able to contribute to a training environment that encourages growth. You can build client loyalty and keep your martial arts school reputable by always going above and beyond for your clients.
Social and Environmental Responsibility: In today’s sensitive world, your studio may stand out by incorporating social and environmental responsibility into its ethos. Embrace the social responsibility that comes with martial arts by spreading the principles of self-control, respect, and involvement in one’s society. Inspire your students to use these concepts in all aspects of their life, not just in the studio. Sustainable training equipment, energy-efficient lighting, and recycling programs are just a few examples of the eco-friendly activities you may introduce to your studio. These actions show that you care about doing the right thing by your consumers and the environment.
Workforce Availability and Skills: The success of your martial arts school depends on your ability to recruit and keep a talented and dedicated staff. Instructors are crucial in providing high-quality teaching and keeping the training atmosphere pleasant because of their knowledge and experience in the many martial arts disciplines. In order to ensure that martial arts teachers are well-versed in the most recent techniques, safety regulations, and pedagogical trends, ongoing professional development programs are essential. If you want your staff to be enthusiastic, dedicated, and focused on giving your pupils the best service possible, you need to find ways to keep them happy and employed. The future of your martial arts school depends on having a happy and competent staff.
You may successfully navigate the competitive market, fulfill your students’ increasing requirements, and position your martial arts studio as a trusted and successful training facility in Miami, Florida, by addressing these industry drivers.
It includes essential elements such as an Investment and Capital Expenditure Summary that details the necessary funds, a Revenue Summary that estimates profits, a Cost of Goods Sold (COGS) Summary that details the expenses of manufacturing or services and an Operating Expenses (OpEx) Summary that presents the costs of everyday operations. An Income Statement that shows how profitable the business is, a Cash Flow Statement that shows how liquid the funds are and a Balance Sheet that shows the overall financial health of the organization round out the part. For stakeholders to make educated decisions it is crucial to have a comprehensive picture of the company’s financial health and development possibilities.
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Are you about starting a martial arts school? If YES, here is a complete sample martial arts school business plan template & feasibility study you can use for FREE . If you are a professional and a warrior in martial arts, you can generate huge profits from your passion by simply establishing a martial arts school to teach people on martial arts.
In recent times, it has become highly necessary for children and young adults to learn martial arts , not just for the fun of it, but for the fact that one is able to participate in sports competition, as well as a skill needed for self-defense.
With the growing rate of all sorts of crimes like kidnapping, rape, and so on in our society, it has become needful for the skill of martial arts to be learnt from an early age.
It is important to state at this juncture that starting martial art skills requires someone who has practiced the art for at least 10 years, someone who understands the industry, hardworking, posses’ business skills and someone who has enough money saved up.
If you live in countries like the united states, Canada, United Kingdom, Japan and China, you would realize that there are loads of martial arts schools all around the neighborhood. This is to indicate that it is indeed a profitable business if properly planned and managed.
As a matter of fact, parents look for standard martial schools to enroll their children so that they can be well trained to defend themselves when the need arises. Women also go out of their ways to enroll themselves in martial art class so that they will be well equipped to defend themselves as well.
No doubt starting a martial arts school is a profitable venture and this business plan can help you start your own martial arts school from the very scratch and build it to profitability within record time;
1. industry overview.
Martial arts are organized systems and traditions of combat practices, which are practiced for various reasons. Some people practice martial arts for self-defense, military and law enforcement applications; some practice it as sports – competition, physical fitness, mental and spiritual development; and in countries in the far orient – Japan, Chinese and South Korea et al, they practice it as entertainment and the preservation of a nation’s intangible cultural heritage.
The Martial arts industry is indeed a large industry and it includes studios or schools that offer instruction in martial arts. The classes that are offered by martial arts schools / studios include karate, kendo, judo, jiu jitsu, krav maga, tae kwon do, muay thai and mixed martial arts, among others.
This industry does not include self-defense instruction. The practice of martial arts has become a significant industry of its own, although still a subset of the wider sport industry.
Millions of people all over the globe practice some form of martial art. Web Japan (sponsored by the Japanese Ministry of Foreign Affairs) claims there are 50 million karate practitioners all over the world. The South Korean government in 2009 also published an estimate that taekwondo is practiced by 70 million people in 190 countries of the world.
Statistics has it that, the wholesale value of martial arts related sporting equipment that was shipped in the United States of America was estimated at 314 million USD in 2007. So also, active practitioners of martial arts in the same year was estimated at 6.9 million and the range from ages 6 or older – this roughly 2 percent of The US population).
An authority in the industry – R. A. Court, CEO of Martial Arts Channel, stated the total revenue of the US martial arts industry at USD 40 billion and the number of US practitioners at 30 million in 2003
Statistics has it that the Martial Arts industry in the United States of America, is worth $40bn, with an estimated growth rate of 1.2 percent. There are about 8,588 registered and licensed martial arts schools / studios in the United States and they are responsible for employing about 56,839 people. No company can boast of dominating the market; every player in the industry can comfortably compete in the industry.
Beyond every reasonable doubt, the multibillion-dollar martial arts industry in the United States of America has benefited greatly from the promotion of self – defense inspired television shows and the rising interest in health and fitness related activities.
Over and above, any entrepreneur who is certified martial arts instructor can successfully launch his or her martial arts Studios or school and make great gains from the industry simply because the industry is still growing and more people are becoming aware of the immense benefits they stand to gain when the enroll in a martial arts class.
Chaka Lee® Martial Arts School, LLC is a standard, licensed and well equipped martial arts school with state of the art facility and space large enough to contain about 50 people per – time. We run a martial arts school where kids, teens, and adults learn and practice martial arts in a fun – fulfilled and relaxing atmosphere.
Our martial arts school will be located in – between a well – populated residential estate and a business district in New York City – New York, United States of America. We hope to open branches of our martial arts school in other key cities in the United States and Canada and also to sell franchise in the nearest future.
Chaka Lee® Martial Arts School, LLC is a client-focused and result driven martial arts school that provides ease to learn and fully practice martial arts and experience at an affordable fee that won’t in any way put a hole in the pocket of our clients (students and organizations alike who would hire our services).
We will offer a standard and professional martial arts training in a highly secured and conducive learning environment to all our students. We will ensure that we work hard to meet and surpass all our students’ expectations as it relates to their goals of enrolling in our martial arts school or engaging our services.
No doubt, our martial arts facility will be well – equipped with wood-sprung floors, a comfortable lobby with flat screen TVs, and different locker room for change over equipped with showers for both kids and adults alike. We will also run a one – stop martial arts store in same facility where our customers can purchase authentic martial arts kits and other related accessories.
At Chaka Lee® Martial Arts School, LLC, our students’ overall best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professional and licensed martial arts coaches, and instructors to work with our students.
Chaka Lee® Martial Arts School, LLC will at all times demonstrate her commitment to sustainability, both individually and as a dance related training organization, by actively participating in our communities and integrating sustainable business practices wherever possible.
We will ensure that we hold ourselves accountable to the highest standards by meeting our students’ needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients (students and corporate organization).
Our overall business goal is to position Chaka Lee® Martial Arts School, LLC to become the leading brand in the martial arts industry in the whole of New York City – New York, United States of America, and also to be amongst the top 10 martial arts school brand in the United States of America within the first 5 years of operations.
This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our research and feasibility studies and we are enthusiastic and confident that New York City is the right place to launch our martial arts school.
Chaka Lee® Martial Arts School, LLC is founded by Dr. Chaka Lee and He will run the business with his business partners for many years Mr. Su Park and Mr. Xi Ping. Dr. Chaka Lee is a renowned Chinese – American Martial Arts Instructor who has successfully accumulated high – level training and experience with excellent certifications and recommendations from Japan, China, South Korea and The United States of America.
Chaka Lee® Martial Arts School, LLC is going to offer varieties of martial arts trainings and related services within the scope of the martial arts industry in the United States of America. Our intention of starting our martial arts school is to help in individual and organization learn and practice martial arts in a conducive and relaxing environment.
Lastly we are also in the martial arts industry to make profits and we will do all that is permitted by the law in the US to achieve our aim and business goal. Our service offerings are listed below;
Our Business Structure
Chaka Lee® Martial Arts School, LLC will build a solid business structure that can support the growth of our martial arts school. We will ensure that we hire competent hands to help us build the business of our dream. The fact that we want to become one of the leading brand in the martial arts industry in the whole of the United States of America and Canada makes it highly necessary for our organization to deliberately build a well – structured business from the very scratch.
Below is the business structure that we will build The Orient – American® Yoga Studio on;
School Administrator
Martial Arts Instructors / Coaches
Accountant / Bursar
Client Service Executive
Principal Partner / Chief Executive Officer:
Marketing and Sales Executive
Chaka Lee® Martial Arts School, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured martial arts school that can favorably compete in the highly competitive martial arts industry in the United States and the world at large.
Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Chaka Lee® Martial Arts School, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Chaka Lee® Martial Arts School, LLC;
Our core strength lies in the power of our team; our workforce. We have a team that is considered experts in the martial arts industry, a team with excellent qualifications and robust experience in professional martial arts trainings and practices.
Aside from the synergy that exist in our carefully selected faculty members and our strong online presence, Chaka Lee® Martial Arts School, LLC is well positioned in a community with the right demography and we know we will attract loads of individual and corporate clients from the first day we open our doors for business.
As a new martial art school in New York City – New York, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated martial arts industry; that is perhaps our major weakness. Another weakness could be that we might not have the required capital to pump into publicity of our business the way we intend going about it.
No doubt, the opportunities in the martial arts industry is massive considering the number of individuals and corporate organizations who would want to learn and practice martial arts for various reasons. As a standard and well equipped martial arts school that is centrally located, we are ready to take advantage of any opportunity that comes our way.
Every business faces a threat or challenge at any point of the life cycle of the business. These threats can be external or internal. This shows the importance of a business plan, because most threats or challenges are to be anticipated and plans put in place to cushion what effect they might bring to the business.
Some of the threats that we are likely going to face as a martial arts school operating in the United States of America are unfavorable government policies that might affect business such as ours, the arrival of a competitor within our location of operations and global economic downturn which usually affects spending / purchasing power.
There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.
One thing is certain, the trend in the martial arts industry is such that if you want to be ahead of your competitors, you should be able to make your martial arts classes easy for students to adapt to and you should be able to have loads of testimonies from your students. The truth is that, if your student experienced huge difference in their life as a result of enrolling in your martial arts school, then they will be compelled to help promote your organization.
The Martial Arts industry growth was hindered early in recent time as the recession set in and the economy slumped. On the other hand, as the economic recovery took hold, rising per capita disposable income drove consumers to increase spending on sport and fitness activities which including martial arts instruction, supporting revenue growth in the industry.
Going forward, the industry is expected to grow at an even faster rate. A robust economic recovery is expected to endow consumers with higher disposable income levels, enabling them to spend more money on martial arts instruction, particularly costly private lessons. In addition, the popularity of mixed martial arts will continue to drive demand for the industry.
Beyond every reasonable doubt, it is a known fact that martial arts have crossed over into mainstream sports when forms of sparring become competitive, becoming a sport in its own right that is dissociated from the original combative origin, such as with western fencing. This is why The Summer Olympic Games now includes sporting events like judo, taekwondo, western archery, boxing, javelin, wrestling and fencing as events.
The target market for martial arts is broad and of course all encompassing. Chaka Lee® Martial Arts School, LLC is positioned to offer a wide range of martial arts related trainings and practice to a wide range of clients ranging from kids to adults and to people who want to actively compete in sporting competitions.
As a standard and well equipped martial arts school, Chaka Lee® Martial Arts School, LLC offers a wide range of martial arts trainings and practice hence we are well trained and equipped to services a wide range of clients (both individual clients and corporate clients alike).
We are coming into the martial arts industry with a business concept and company’s profile that will enable us work with the clients at different learning stages and different status. Below is a list of the clients that we have specifically design our services for;
Our Competitive Advantage
No doubt, the martial arts industry is indeed a very prolific and highly competitive industry. Clients will only enroll in your martial arts school or hire your services if they know that you can successfully help them learn and practice martial arts effectively. It is the practice for yoga instructors, and coaches to acquire as much certifications as it relates to their area of specialization; it is part of what will make them stay competitive in the industry
We are quite aware that to be highly competitive in the martial arts industry means that you should be able to deliver consistent quality service, your students / clients should be able to experience remarkable difference and improvement and you should be able to meet the expectations of your clients at all times.
Chaka Lee® Martial Arts School, LLC might be a new martial arts school in New York City – New York, but we have a team that are considered experts in the martial arts industry, a team with excellent qualifications and experience in professional martial arts training and practice.
Lastly, our employees ( martial arts instructors and coaches ) will be well taken care of, and their welfare package will be among the best within our category ( startups martial arts schools in the United States ) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.
Chaka Lee® Martial Arts School, LLC is established with the aim of maximizing profits in the Yoga and Pilate studio industry and we are going to go all the way to ensure that we do all it takes to attract both individual clients and corporate clients on a regular basis.
Chaka Lee® Martial Arts School, LLC will generate income by offering the following services;
One thing is certain, there would always be corporate organization and individual clients who would need that extra coaching or push in other to acquire the required martial arts training that will enable them effectively practice martial arts and live their life the way they wanted to live it. This is the major reason why the services of martial arts schools i.e. martial arts instructors, and martial arts coaches’ et a, l will always be needed.
We are well positioned to take on the available market in New York City – New York and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our martial arts school and our clientele base.
We have been able to critically examine the martial arts industry – market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in New York City – New York.
Below is the sales projection for Chaka Lee® Martial Arts School, LLC, it is based on the location of our martial arts school and of course the wide range of martial arts classes and related services that we will be offering;
N.B : This projection is done based on what is obtainable in the martial arts industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same additional services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
We are mindful of the fact that there is stiffer competition amongst martial school businesses in the United States of America; hence we have been able to hire some of the best marketing experts to handle our sales and marketing.
Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of Chaka Lee® Martial Arts School, LLC.
We will also ensure that our students’ becomes experts when it comes to practicing martial arts; we want to build a standard and well – equipped martial arts school brand that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations).
Our goal is to grow Chaka Lee® Martial Arts School, LLC to become one of the top 10 martial arts school brand in the United States of America and Canada which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in New York City – New York, but also in other cities in the United States of America and Canada where we intend opening branches of martial arts school.
Chaka Lee® Martial Arts School, LLC is set to make use of the following marketing and sales strategies to attract clients;
We have been able to work with our branding and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for both corporate clients and private students in the whole of New York City – New York which is why we have made provisions for effective publicity and advertisement of our martial arts school.
Below are the platforms we intend to leverage on to promote and advertise Chaka Lee® Martial Arts School, LLC;
Generally for martial arts classes, both per hour billing and flat fees on a weekly, monthly basis and contract applies. As a result of this, Chaka Lee® Martial Arts School, LLC will charge our clients flat fees except for few occasions where there will be need for us to charge special clients on hourly basis mostly during martial arts related consultancy and advisory services.
At Chaka Lee® Martial Arts School, LLC we will keep our fees below the average market rate for all of our students by keeping our overhead low and by collecting payment in advance. In addition, we will also offer special discounted rates to all our individual clients at regular intervals.
We are aware that there are some clients that would need special assistance, we will offer flat rate for such services that will be tailored to take care of such clients’ needs.
At Chaka Lee® Martial Arts School, LLC, our payment policy will be all inclusive because we are quite aware that different clients would prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;
In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
In setting up a martial arts school, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a higher amount of capital as you would need to ensure that your employees are well taken care of, and that your martial arts school environment is conducive enough for the students to learn and to effectively practice martial arts.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The materials and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a martial arts school; it might differ in other countries due to the value of their money. However, this is what it would cost us to start a martial arts school in the United of America;
We would need an estimate of $350,000 to successfully launch a standard and well – equipped martial arts school / studio in New York City – New York.
Generating Funding / Startup Capital for Chaka Lee® Martial Arts School, LLC
Chaka Lee® Martial Arts School, LLC is a business that will be owned by Dr. Chaka Lee and He will run the business with his business partners for many years Mr. Su Park and Mr. Xi Ping. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.
These are the areas we intend generating our start – up capital;
N.B: We have been able to generate about $150,000 (Personal savings $100,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $200,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.
One of our major goals of starting Chaka Lee® Martial Arts School, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.
We know that one of the ways of gaining approval and winning customers over to pick up membership in our martial arts school is to equip our facility with state of the equipment and make the martial arts studio environment welcoming and conducive enough for people to effectively learn and practice martial arts.
Chaka Lee® Martial Arts School, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Check List / Milestone
How to write a martial arts studio business plan in 7 steps:, 1. describe the purpose of your martial arts studio business..
It also helps to include a vision statement so that readers can understand what type of company you want to build.
Our mission at [Name of Martial Arts Studio] is to create an inclusive and welcoming environment for people of all ages and abilities to develop their physical fitness, gain self-confidence and learn martial arts techniques for self-defense, health and well-being. We strive to provide accessible, quality instruction in a safe, clean and supportive atmosphere.
You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.
Target market, customer base , product or service description, competitive analysis, marketing channels, form an llc in your state, 4. write your operational plan..
Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations.
5. management & organization of your martial arts studio business., 6. martial arts studio business startup expenses & captial needed..
Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a martial arts studio business varies based on many different variables, but below are a few different types of startup costs for a martial arts studio business.
A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your martial arts studio business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses.
Why do you need a business plan for a martial arts studio business, who should you ask for help with your martial arts studio business plan.
You should ask an experienced business consultant or accountant to help you develop your martial arts studio business plan. You may also want to research local government resources that can provide assistance, such as Small Business Development Centers or SCORE, which matches entrepreneurs with mentors who have experience in entrepreneurship and business planning.
Related business plans, home inventory business plan template & guidebook, home inspection business plan template & guidebook, home decor business plan template & guidebook, health and wellness business plan template & guidebook, hauling business plan template & guidebook, hardware business plan template & guidebook, handyman business plan template & guidebook, hair extension business plan template & guidebook, handbag business plan template & guidebook.
I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.
WEATHER ALERT
Martial arts studio remains open for business after owner’s arrest in child sex case, joseph rene caballero, 40, accused of sexually assaulting girl, 14.
Katrina Webber , Crime Fighters Reporter
Eddie Latigo , Photojournalist
Ken Huizar , Photojournalist
SAN ANTONIO – The doors of a local martial arts studio opened for business Tuesday morning in the wake of news about the arrest of the owner on a charge of sexual assault of a child.
Joseph Rene Caballero, 40, was released on bond after his arrest Saturday.
Caballero is accused of sexually assaulting a 14-year-old girl who was a student at his jiujitsu school, The Exception Squad.
In a news conference Monday afternoon, Bexar County Sheriff Javier Salazar said Caballero started by sending notes to the girl after she broke up with another student she was dating.
“It appeared that the notes were from an anonymous, secret admirer, things of that nature, trying to establish a relationship with the young lady,” Salazar said.
Eventually, the sheriff said, it culminated with Caballero sexually assaulting the girl on several occasions.
She spoke out about it to authorities recently, although it appeared it had been going on as far back as last fall, Salazar said.
Court records show Caballero has since been ordered to cease contact with all children other than his own.
On Tuesday morning, employees could be seen unlocking the doors to the business, located in the 7600 block of Culebra Road. A social media post showed The Exception Squad is running a summer program for children.
Parents who arrived at the business quickly hurried inside, refusing to speak with news crews.
One man who spoke with KSAT 12 News off-camera said, despite the allegations, he has no plans to remove his daughters from what he called, “the best jiujitsu studio in the city.”
He initially dismissed the claims made about Caballero during the sheriff’s news conference, saying that the business owner would not harm any children.
Later, he relented somewhat and said that whatever Caballero may have done should not reflect negatively on the studio and its employees.
However, Melissa Karengera, who works at a nearby business, said the arrest has changed her mind about the martial arts school.
At one point, she was planning to enroll her sons there.
“I don’t know now because, you know, you never know what can happen. I don’t think I would,” Karengera said. “It’s hard to trust nowadays.”
Karengera said she feels for the teenage girl in this case, who the sheriff applauded for coming forward and speaking out.
“That hurts me,” Karengera said. “Deep inside, it hurts me more than anything because even though that’s not my daughter, that affects me as a parent.”
Sheriff’s investigators are concerned there could be more children who may have been affected by Caballero.
They’re encouraging parents of students at the school to speak with their children and report anything unusual.
The number for the Bexar County Sheriff’s Office is 210-335-6000.
Copyright 2024 by KSAT - All rights reserved.
Katrina webber.
Katrina Webber joined KSAT 12 in December 2009. She reports for Good Morning San Antonio. Katrina was born and raised in Queens, NY, but after living in Gulf Coast states for the past decade, she feels right at home in Texas. It's not unusual to find her singing karaoke or leading a song with her church choir when she's not on-air.
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By Jack Ewing
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COMMENTS
Traditionally, a marketing plan includes the four P's: Product, Price, Place, and Promotion. For a martial arts business plan, your marketing strategy should include the following: Product: In the product section, you should reiterate the type of martial arts company that you documented in your company overview.
According to Gitnux, the martial arts industry was valued at about $90.25 billion in 2020 and is expected to reach a value of $171.14 billion by 2028. This growth is affected by multiple factors. First, the increasing popularity of health trends is encouraging millions of people to find new ways to stay active and fit.
2. Company overview. The company overview section of your martial arts business plan should provide the reader with greater detail about your proposed martial arts studio and your business goals. You can now go into greater detail about the style or different styles that you intend to teach at your martial arts school.
Writing a martial arts business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan: 1. Executive Summary. An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and ...
Your martial arts business plan is your roadmap to success. It guides you on your journey, helps you make better decisions, and increases your chances of securing funding for your business. Creating a business plan for your gym is a process. It's easy to think of a business plan as something you build once and then you're done.
Lean Business Plan for Martial Arts Schools. Also known as a "one page business plan," lean business plans cover more topics than traditional ones, with the key difference being that each is addressed with drastically greater brevity. The plan is divided into four major sections: "strategy," "tactics," "business model," and ...
Our Martial Arts Business Plan Template & Guidebook is designed to help you easily create a comprehensive business plan for your martial arts business. This guidebook provides step-by-step instructions on how to create each section of your business plan, as well as helpful tips and examples to ensure that your plan is thorough and effective.
A well-structured martial arts business plan should encompass the following key elements: 1. Executive Summary: Concise overview of your business, highlighting key goals and strategies. Serves as ...
In conclusion, writing a business plan for a martial arts studio requires careful consideration of the target market, competition, and pricing structure. It is important to conduct thorough market research and understand the legal requirements for operating a martial arts business. Developing a comprehensive budget and securing funding sources ...
Start by creating a comprehensive business plan for your martial arts studio. Market Analysis: Research the local market to understand the demand for martial arts training. Identify your target audience and competitors. Services Offered: Decide the types of martial arts classes you will offer. Consider including specialized classes such as self ...
Start now. 1. Perform market analysis. Starting a martial arts business requires a thorough understanding of the market to ensure successful entry and growth. A comprehensive market analysis will help identify your target audience, understand the competitive landscape, and pinpoint market trends.
A great way to highlight this in your martial arts business plan is to attempt some profiling of target clients. Give details on their age, gender, level of martial arts expertise, predicted duration as a client, and so on. The more detail you can give on your desired clients, the easier it will be to identify their wants and needs to both ...
Section 1: The Executive Summary. This section should give a high level overview of your business and its goals. The first paragraph should include the name of your martial arts school, your mission statement, and a brief description of what services you plan to offer, and to whom. In the second paragraph, you might go into a bit more detail ...
Launching a martial arts business is a formidable venture that requires more than just combat skills. A well-crafted business plan is your weapon for success. Whether you're a seasoned instructor…
Download: Free Martial Arts School Business Plan Template. What is a martial arts school business plan? This is a document that describes planned activities, goals, and strategies for a new or existing martial arts school. It is an important set of papers for: martial arts school owners, anyone who wants to open a new martial arts business.
Learn to craft a strategic business plan that combines passion for martial arts with savvy marketing and financial planning. Creating a Winning Martial Arts Business Plan GET 1 MONTH LEAD MANAGEMENT SUPPORT FOR FREE.
1.3 Keys to Success. Implement a solid budget and business plan. Establish a unique, modern, safe and clean martial arts school and environment. Focus on a good marketing plan to actively recruit students. Keep the students and family members happy and part of the Cents and Senseibility family.
Creating a business plan for a martial arts club is an essential process for any entrepreneur. It serves as a roadmap that outlines the necessary steps to be taken to start or grow the business, the resources required, and the anticipated financial outcomes. It should be crafted with method and confidence.
Martial Arts Business Plan is an outline of your overall martial arts business. The business plan should include a 5 year financial projection, marketing plan, industry analysis, organizational overview, operational overview and finally an executive summary.
Industry Overview: Begin with an overview of the martial arts industry, focusing on your specific disciplines (e.g., Karate, Jiu-Jitsu). Discuss the current size of the industry, growth trends ...
A Sample Martial Arts School Business Plan Template 1. Industry Overview. Martial arts are organized systems and traditions of combat practices, which are practiced for various reasons. Some people practice martial arts for self-defense, military and law enforcement applications; some practice it as sports - competition, physical fitness ...
Crafting a martial arts business plan is a journey that requires a harmonious blend of vision, marketing prowess, financial mastery, and operational efficiency. With Martial Arts School LLC as a guiding example and Oak Business Consultant's Martial Arts Business Plan Template in hand, you're equipped to navigate the intricate movements of ...
A business plan for a martial arts studio business is essential because it provides a roadmap for how the business should develop and provides a clear direction for making decisions. It also helps entrepreneurs assess the potential market size and potential profitability of their business as well as track performance over time. Finally, having ...
SAN ANTONIO - The doors of a local martial arts studio opened for business Tuesday morning in the wake of news about the arrest of the owner on a charge of sexual assault of a child. Joseph Rene ...
LAS VEGAS--(BUSINESS WIRE)--UFC ®, the world's premier mixed martial arts organization and part of TKO Group Holdings (NYSE: TKO), today announced that it has named Riyadh Season as title ...
Ralph Gracie Georgetown, a Brazilian jiujitsu academy, is slated to open later this summer. Owner and head instructor John Simas will offer group and individual classes in the martial art and self ...
The preliminary injunctions freeze parts of the SAVE plan until the cases are decided. In a statement, the White House press secretary, Karine Jean-Pierre, said the Biden administration strongly ...
Plus, a local arts foundation names its new director. Good morning readers and happy Thursday. As a man interested in history and beer (a classic combo), I enjoyed reading this feature in the New ...
Volkswagen, the German automaker, said on Tuesday that it would invest up to $5 billion in Rivian, a maker of electric trucks that has struggled to turn a profit, and that the companies would ...