New Youth Gym in Kota Kemuning, Shah Alam Seeking RM100K

New Youth Gym in Kota Kemuning, Shah Alam Seeking RM100K

Project Cost: RM100,000

Amount Invested : RM100

Amount Required : RM99,900

Knowledge / Experience Required: finance

Proposed Investor’s Role: as consultant

Industry: financial services

Project Stage: start-up

EXECUTIVE SUMMARY:

Company History:
Experience in health and fitness industry for 6 months. Believe to have a strategic place to open a gym and gain more income.

Product / Service Description:
Opening a gym in central of a small town which consist of two small colleges, housing areas and shop lots which believe to be an attraction for people to come to the gym.

Business Opportunity:
Believe Kota Kemuning area people are up to fitness but couldn’t afford to pay the gym fees exceeding MYR100. I’m proposing a daily, weekly and monthly fees for gym members so they can afford and believe to increase more membership.

Revenue Model:
Selling daily, weekly and monthly membership to people and students. Not only membership but also refreshment in the gym and gym clothing product and protein bars for people who needed extra supplementation.

Management Team: None

Current Status:
Haven’t yet started due to lack of find to start operate the business. Very optimistic that this business can be a success.

Funding Milestone:
Funding on gym Equipments according to members needs and make over the premises to make it a friendly environment for members to enjoy.

Business Valuation:
MYR100,000. I allocate that fund according to cost of the Equipments costing around MYR50-70k. Not just that a small renovation on the premises for front desk to be around costing MYR3000 and sound system and computer and electric appliances around MYR5000. The rest of the funds is for security paying the rent and covers to pay back loans.

Expected Return On Investment:
Return on investment can be around MYR3000 per month or more.

Investment Risk and Mitigation:
The only risk is that if there’s another budget gym to be open around the area.

Exit Strategies:
There’s a couple of restaurant allocate in front and the back of the gym which is a hot spot for people to come and workout and to eat. To believe is a strategic place to open up and gain revenues. Opportunity for investors to get a high payback then what they are expected.

CONTACT INFORMATION

Omar Hafiz Bin Mohd Shariffudin ( iz_omari8@hotmail.com)
Company Name: Iron House Fitness
Postal Address : No36 Jalan Sungai Ramal 32/54 Bukit Rimau
State : Selangor
Post Code : 40460
Country : Malaysia
Mobile: +60122715969

 

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