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
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.
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.
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
Haven’t yet started due to lack of find to start operate the business. Very optimistic that this business can be a success.
Funding on gym Equipments according to members needs and make over the premises to make it a friendly environment for members to enjoy.
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.
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.
Omar Hafiz Bin Mohd Shariffudin ( email@example.com)
Company Name: Iron House Fitness
Postal Address : No36 Jalan Sungai Ramal 32/54 Bukit Rimau
State : Selangor
Post Code : 40460
Country : Malaysia