If you’re looking to create a swim school business plan, you’ve come to the right place!
Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful swim school businesses. Below is an example of a business plan for a swim school business.
Swim School Business Plan Example
Below is our swim school business plan template and sample plan created using our business plan generator:
I. Executive Summary
Company Overview
At Aqua Elite Swim Academy, located in Buffalo Grove, IL, we provide top-notch swimming lessons for individuals of all ages and skill levels. Our mission is to foster confidence and proficiency in swimming, emphasizing both fitness and water safety. Our academy stands out due to our comprehensive training programs tailored to each student’s needs, from beginners to advanced swimmers. We boast state-of-the-art facilities and a team of experienced, certified instructors who are passionate about swimming and teaching. This combination ensures a unique, engaging learning environment that prioritizes our students’ success and safety.
Success Factors
Our success at Aqua Elite Swim Academy is driven by our dedication to comprehensive training programs and an inclusive approach that caters to a diverse range of students. Our accomplishments include developing a curriculum that emphasizes water safety alongside swimming proficiency, setting us apart from competitors. The expertise and passion of our certified instructors have created a supportive and effective learning environment. Additionally, our flexible scheduling options have significantly enhanced accessibility for busy families, contributing to our growing reputation as a premier swim academy in our community.
Industry Analysis
The swimming instruction industry has shown steady growth, driven by increasing awareness of the importance of water safety and the benefits of swimming as a form of physical exercise. There’s a growing demand for quality swim instruction that caters to various age groups and skill levels, from basic water safety to competitive swimming techniques. This industry’s expansion is further supported by parents’ desire to ensure their children are water-safe from a young age, coupled with adults seeking to learn or improve their swimming skills for fitness or leisure. The trend towards health and wellness lifestyles has also contributed to the industry’s positive outlook, making swim schools an attractive venture for entrepreneurs.
Customer Analysis
Our customer base is diverse, encompassing individuals of all ages, from toddlers to seniors, with a special focus on parents seeking swim lessons for their children. We recognize the importance of catering to varying skill levels and goals, from basic water comfort and safety skills to advanced competitive techniques. Our analysis indicates a significant demand among families for reliable, high-quality swimming instruction that emphasizes safety and personal achievement. Adults, too, form a considerable segment, including those looking to learn to swim for the first time, improve their techniques, or use swimming as a form of exercise. Understanding our customers’ needs and goals is paramount to tailoring our programs and services effectively.
Competitive Analysis
Top competitors in our area include local public pools offering swim lessons and other private swim schools. However, Aqua Elite Swim Academy distinguishes itself through our comprehensive training programs that cater to a wide range of skill levels, emphasizing both swimming proficiency and water safety. Our state-of-the-art facilities and certified, passionate instructors provide an unmatched learning environment. Additionally, our flexible scheduling and focus on customer convenience position us as a preferred choice for swimming instruction in Buffalo Grove, IL.
Marketing Plan
Our marketing strategy is multifaceted, focusing on online and community engagement to promote our swimming programs. We leverage a robust online presence, including an optimized website, active social media profiles, and targeted email marketing campaigns, to connect with our audience and attract new customers. Our content strategy includes sharing swim tips, success stories, and class highlights to engage our community. Participation in local events and offering free trial classes help showcase our academy, while referral programs and partnerships with local organizations aim to expand our reach. Our promotions plan is designed to build a strong, engaged customer base in Buffalo Grove, IL, through a combination of digital marketing, community involvement, and strategic partnerships.
Operations Plan
The key operational processes at Aqua Elite Swim Academy include program development, instructor training, customer service, and facility management. Our operational milestones are focused on expanding our class offerings, enhancing instructor certification programs, and upgrading our facilities to support a broader range of swimming activities. Achieving these milestones is integral to our mission of providing exceptional swim instruction and ensuring the highest standards of safety and customer satisfaction.
Management Team
Our management team comprises experienced professionals with extensive backgrounds in swim instruction, business management, and customer service. This diverse skill set ensures comprehensive oversight of our academy’s operations, from program development and instructor training to marketing and financial management. Our team’s dedication to excellence and innovation drives our academy’s success and distinguishes us in the competitive swim instruction market.
Financial Plan
To reach our growth goals, Aqua Elite Swim Academy requires funding to expand our facilities, enhance our program offerings, and invest in marketing to attract more students. This investment will support our objective of becoming the leading swim academy in our region, recognized for our excellence in swimming instruction and commitment to water safety.
Summary
Below is an overview of our expected financial performance over the next five years:
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | |
---|---|---|---|---|---|
Revenues | $2,164,147 | $2,343,404 | $2,537,508 | $2,747,690 | $2,975,282 |
Direct Expenses | $917,016 | $963,733 | $1,012,831 | $1,064,430 | $1,118,658 |
Gross Profit | $1,247,131 | $1,379,670 | $1,524,677 | $1,683,260 | $1,856,624 |
Gross Profit (%) | 57.6% | 58.9% | 60.1% | 61.3% | 62.4% |
Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
EBITDA | $1,150,045 | $1,279,639 | $1,421,611 | $1,577,067 | $1,747,209 |
Depreciation | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $28,500 | $28,500 | $28,500 | $28,500 | $28,500 |
Income Tax Expense | $379,591 | $424,948 | $474,639 | $529,048 | $588,598 |
Net Income | $704,954 | $789,190 | $881,472 | $982,519 | $1,093,111 |
II. Company Overview
Aqua Elite Swim Academy is a new Swim School dedicated to serving the residents of Buffalo Grove, IL. As a local swim school, we’ve recognized the lack of high-quality swim education within our community and have set out to fill that void with our comprehensive range of programs and services aimed at fostering aquatic skills and safety.
At Aqua Elite Swim Academy, we offer a variety of aquatic services tailored to meet the needs of our community. Our programs include swim lessons for individuals of all ages, swim camps designed to immerse participants in the world of swimming, water safety programs to ensure the safety of our community members in and around water, competitive swim training for those looking to take their skills to the next level, and aquatic fitness classes to promote health and wellness through water-based exercise. Each of these services is crafted with the goal of providing the highest quality instruction and support to our swimmers.
Located in Buffalo Grove, IL, Aqua Elite Swim Academy is perfectly situated to serve the local community with its swimming needs. Our commitment to excellence and dedication to our swimmers’ success makes us the go-to destination for all things aquatic in Buffalo Grove and the surrounding areas.
Our ability to succeed in this endeavor is rooted in several key factors. Firstly, our founder brings invaluable experience from previously running a successful swim school. This experience guides our operations and ensures that we implement best practices in all aspects of our business. Furthermore, our approach to teaching focuses on building confidence and competence in the water for individuals of all ages and skill levels. We go beyond just teaching swimming; we promote fitness and instill an understanding of safety in and around water. This comprehensive approach sets us apart from our competition and positions us as leaders in our community’s aquatic education.
Aqua Elite Swim Academy officially opened its doors on January 8, 2024, as an S Corporation. Since our inception, we have made significant strides in establishing our presence within the community. Our accomplishments to date include the creation of our unique logo, the development of our company name, and securing an ideal location for our swim school. These milestones mark just the beginning of our journey to becoming the premier choice for swim education in Buffalo Grove, IL.
III. Industry Analysis
The Swim School industry in the United States is a thriving market with an estimated size of $2 billion. With more parents recognizing the importance of teaching their children how to swim at a young age, the demand for swim lessons has been steadily increasing. This growth can be attributed to the rising awareness of water safety and the health benefits of swimming.
Market research projects a steady growth rate of 3.5% annually for the Swim School industry in the United States. This projected growth is driven by factors such as an increasing focus on childhood development, a growing emphasis on fitness and recreation, and a rise in disposable income among families. As more parents seek out quality swim instruction for their children, there is ample opportunity for Swim Schools like Aqua Elite Swim Academy to capture a share of this expanding market.
Recent trends in the Swim School industry, such as the incorporation of technology into swim lessons, the introduction of specialized programs for children with disabilities, and the emphasis on water safety education, all bode well for Aqua Elite Swim Academy. By staying current with industry trends and offering innovative and high-quality swim instruction, Aqua Elite Swim Academy is well-positioned to attract and retain customers in Buffalo Grove, IL, and capitalize on the growth of the Swim School market in the United States.
IV. Customer Analysis
Below is a description of our target customers and their core needs.
Target Customers
We will primarily target local residents in Buffalo Grove, IL, focusing on families with young children who are seeking swim lessons. Parents looking to ensure the safety and skill development of their children in water will form a significant portion of our clientele. We will also cater to teenagers who are interested in competitive swimming and advanced training programs.
Another important segment we will target includes adults who wish to learn swimming for fitness or recreational purposes. This group will encompass individuals of varying skill levels, from beginners to those looking to refine their techniques. We will offer specialized programs tailored to meet the needs of adult learners, ensuring a comprehensive approach to swim education.
We will also engage seniors who are interested in low-impact exercise options that swimming provides. This demographic will benefit from tailored aquatic fitness classes designed to improve mobility, balance, and overall well-being. Additionally, we will attract local schools and community organizations that require swim training and safety programs for their members.
Customer Needs
Aqua Elite Swim Academy provides high-quality services designed to teach swimming skills and water safety to people of all ages. Residents who desire top-tier instruction can expect personalized coaching and a curriculum tailored to beginners, intermediate swimmers, and advanced athletes. Our lessons ensure students not only gain confidence in the water but also learn essential life-saving techniques.
Parents looking for safe, engaging activities for their children appreciate our certified instructors and child-friendly environment. We address the need for flexible scheduling by offering classes at various times throughout the week, accommodating busy family lives. Additionally, our academy maintains a clean, well-maintained facility, ensuring a comfortable and hygienic experience for all.
Adults seeking to improve their swimming technique or learn from scratch also find value in our adult-specific programs. We offer private and group lessons, making it convenient for individuals to choose the learning format that best suits their needs. Our commitment to fostering a supportive community atmosphere helps build lasting relationships among swimmers and families.
Community members looking for a reliable venue for swim meets and events benefit from our state-of-the-art pool and event hosting capabilities. We also cater to special needs swimmers with customized programs that ensure inclusivity and equal opportunity. Aqua Elite Swim Academy serves as a comprehensive resource for anyone looking to enhance their aquatic skills and water safety knowledge.
V. Competitive Analysis
Direct Competitors
Aqua Elite Swim Academy’s competitors include the following companies:
Chicago Swim School offers a variety of swim lessons for all age groups, from infants to adults. They provide group lessons, private lessons, and competitive swim training. Their price points range from $25 to $45 per lesson, depending on the type of class and duration. Chicago Swim School generates revenues in the mid-six figures annually, primarily from its core offerings.
Their primary location is in the Chicago metropolitan area, with facilities that are easily accessible. The customer segments served include young children, teenagers, and adults seeking to learn or improve their swimming skills. Chicago Swim School’s key strengths lie in their experienced instructors and comprehensive curriculum. However, their weaknesses include higher price points and limited locations compared to larger chains.
Lincoln Park Athletic Club provides swim lessons as part of a broader suite of fitness services. They offer group swim lessons, private lessons, and swim clinics for all ages. Pricing for swim services ranges from $20 to $50 per session, depending on the type of class. The club’s revenues are in the high six figures, driven by both swim lessons and other fitness services.
Located in Chicago’s Lincoln Park neighborhood, the club serves a diverse customer base, including families, fitness enthusiasts, and competitive swimmers. Key strengths include a wide range of fitness services and state-of-the-art facilities. However, their focus on multiple fitness services can sometimes dilute the emphasis on specialized swim training.
Big Blue Swim School specializes exclusively in swim lessons for children and young adults. They offer a structured curriculum with various levels of instruction, from beginner to advanced. Prices typically range from $30 to $40 per lesson, with package discounts available. Big Blue Swim School earns revenues in the low seven figures annually, reflecting their strong market presence.
Their locations span multiple states, with a strong presence in the Chicago area. They primarily serve families with young children and teenagers looking for high-quality swim instruction. Key strengths include a dedicated focus on swim education and a strong brand reputation. Their weaknesses involve higher costs and the potential for longer wait times due to their popularity.
Competitive Advantages
At Aqua Elite Swim Academy, we help individuals of all ages and skill levels become confident and competent swimmers, setting us apart in the competitive landscape. Our comprehensive training programs are designed to cater to everyone from beginners to advanced swimmers, ensuring personalized attention and customized lesson plans. This inclusive approach not only promotes fitness but also emphasizes water safety, a critical skill that many other swim schools tend to overlook. By focusing on both competence and safety, we instill lifelong skills that benefit our students beyond the swimming pool.
Additionally, our state-of-the-art facilities and experienced instructors provide an unparalleled learning environment. Our instructors are not only certified but also passionate about swimming and teaching, creating an engaging and supportive atmosphere for our students. We also offer flexible scheduling options to accommodate busy families, making it easier for everyone to incorporate swimming lessons into their routine. This commitment to convenience and quality service enhances the overall customer experience, giving us a significant edge over the competition.
VI. Marketing Plan
Our marketing plan, included below, details our products/services, pricing and promotions plan.
Products, Services & Pricing
Aqua Elite Swim Academy offers a comprehensive range of products and services designed to meet the needs of swimmers of all levels. The academy provides high-quality swim lessons, ensuring that students develop strong swimming skills in a safe and supportive environment. Pricing for these lessons typically ranges from $25 to $40 per session, depending on the class size and level of instruction. In addition to regular swim lessons, Aqua Elite Swim Academy hosts swim camps during school breaks and summer months. These camps offer an immersive experience for children and teens to improve their swimming techniques, participate in fun aquatic activities, and make new friends. The average cost for a week-long swim camp is around $250, inclusive of all activities and necessary equipment. Water safety programs are a critical component of the academy’s offerings.
These programs educate participants on essential water safety practices and rescue techniques, significantly reducing the risk of water-related accidents. Water safety courses are typically priced at $30 to $45 per session, making them accessible to a wide audience. For those interested in competitive swimming, Aqua Elite Swim Academy provides specialized competitive swim training. These sessions are geared towards swimmers who aim to compete at various levels, from local meets to national competitions. The training sessions focus on advanced techniques, endurance, and race strategies. Prices for competitive swim training range from $50 to $70 per session, reflecting the specialized nature of the coaching provided. Aquatic fitness classes are available for individuals looking to combine fitness with fun. These classes include a variety of water-based exercises such as water aerobics, resistance training, and flexibility exercises. Aquatic fitness classes are designed to cater to all fitness levels and are priced at an average of $15 to $25 per session, making them an affordable option for those seeking a low-impact workout.
Promotions Plan
We employ a diverse array of promotional methods to attract customers and establish a strong presence in Buffalo Grove, IL. A key strategy involves online marketing, which encompasses a robust website optimized for search engines, engaging social media profiles across platforms like Facebook, Instagram, and Twitter, and strategic email marketing campaigns. Our website features user-friendly navigation, detailed information about our classes, easy online booking, and a blog with swimming tips, ensuring that visitors find value and engage with our content.
Social media marketing plays a critical role in our promotional efforts. By regularly posting engaging content such as swim tips, success stories, and behind-the-scenes looks at our classes, we foster a sense of community and keep our audience informed and entertained. We also leverage targeted social media ads to reach new potential customers in the local area.
Email marketing campaigns help us maintain a connection with our customers by providing them with updates, promotions, and valuable swimming tips. We create segmented email lists to ensure that our messages are relevant to our diverse audience, including current students, parents, and interested prospects.
We understand the importance of community engagement, so we participate in local events and sponsor community activities, which helps raise awareness about our swim academy. Additionally, we offer free trial classes and open house events to showcase our facilities and teaching methods, giving potential customers a taste of what we offer.
Referral programs incentivize our existing customers to spread the word about our swim academy. By offering discounts or free classes for successful referrals, we encourage our satisfied clients to become brand ambassadors, which significantly boosts our client base.
We utilize local media by placing ads in community newspapers, magazines, and local radio stations. Press releases about our events, achievements, and community contributions are sent to local media outlets to gain coverage and enhance our reputation.
Collaborating with local schools, businesses, and sports clubs helps us reach a wider audience. By offering special deals or partnerships, we create mutually beneficial relationships that enhance our visibility and attract new customers.
Overall, our multifaceted promotional approach ensures that we effectively reach and engage with our target audience, fostering a strong and growing customer base in Buffalo Grove, IL.
VII. Operations Plan
Our Operations Plan details:
- The key day-to-day processes that our business performs to serve our customers
- The key business milestones that our company expects to accomplish as we grow
Key Operational Processes
To ensure the success of Aqua Elite Swim Academy, there are several key day-to-day operational processes that we will perform:
- Maintain the cleanliness and hygiene of swimming pools and surrounding areas to ensure a safe and pleasant environment for customers.
- Schedule and manage class sessions, ensuring optimal class sizes and times that accommodate customer needs.
- Hire, train, and supervise qualified swim instructors who can deliver high-quality swim lessons.
- Handle customer inquiries, registrations, and payments efficiently through online and in-person platforms.
- Monitor and maintain pool equipment and facilities to prevent malfunctions and ensure safety.
- Implement and enforce safety protocols, including lifeguard supervision and first-aid readiness.
- Provide ongoing customer support and feedback channels to address questions, concerns, and suggestions.
- Develop and execute marketing strategies to attract new customers and retain existing ones.
- Manage and update the academy’s website and social media profiles to provide up-to-date information and engage with the community.
- Track and analyze performance metrics such as customer satisfaction and enrollment numbers to identify areas for improvement.
- Coordinate with local schools, community centers, and organizations for partnership opportunities and community engagement.
- Ensure compliance with local, state, and federal regulations related to swimming facilities and educational institutions.
- Plan and organize special events, workshops, and swim meets to enhance the academy’s offerings and community presence.
Milestones
Aqua Elite Swim Academy expects to complete the following milestones in the coming months in order to ensure its success:
- Secure Facility: Finalize the lease or purchase of a suitable facility equipped with a swimming pool, changing rooms, and adequate parking.
- Obtain Necessary Permits and Licenses: Ensure all local, state, and federal permits and licenses are acquired, including health and safety certifications.
- Hire and Train Staff: Recruit experienced swimming instructors, lifeguards, and administrative staff. Conduct comprehensive training programs to ensure high service quality and safety standards.
- Launch Marketing Campaign: Implement a robust marketing campaign that includes both online and offline channels to create awareness and attract initial customers.
- Launch Our Swim School: Officially open the swim school with an inaugural event to attract the community and media attention.
- Establish Customer Feedback Loop: Set up a system for collecting and analyzing customer feedback to continuously improve services and address any issues promptly.
- Achieve Operational Efficiency: Develop and implement standard operating procedures to ensure smooth daily operations and high-quality service delivery.
- Reach $15,000/Month in Revenue: Focus on customer acquisition and retention strategies to achieve a steady monthly revenue of $15,000 within the first year of operation.
- Expand Service Offerings: Introduce additional services such as advanced swimming courses, water aerobics, and competitive swimming training to diversify revenue streams.
- Build Community Partnerships: Establish partnerships with local schools, community organizations, and sports clubs to increase enrollment and community support.
VIII. Management Team
Our management team has the experience and expertise to successfully execute on our business plan.
Management Team Members
Aqua Elite Swim Academy management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:
Amira Brown, CEO
Amira Brown has a history of success and has successfully run a swim school in the past. With extensive experience in the swimming industry and a proven track record of effective leadership, Amira brings a wealth of knowledge to Aqua Elite Swim Academy. Her strategic vision and operational expertise ensure that the academy not only offers top-tier swim instruction but also maintains a strong business foundation.
IX. Financial Plan
Summary
Below is an overview of our expected financial performance over the next five years:
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | |
---|---|---|---|---|---|
Revenues | $2,164,147 | $2,343,404 | $2,537,508 | $2,747,690 | $2,975,282 |
Direct Expenses | $917,016 | $963,733 | $1,012,831 | $1,064,430 | $1,118,658 |
Gross Profit | $1,247,131 | $1,379,670 | $1,524,677 | $1,683,260 | $1,856,624 |
Gross Profit (%) | 57.6% | 58.9% | 60.1% | 61.3% | 62.4% |
Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
EBITDA | $1,150,045 | $1,279,639 | $1,421,611 | $1,577,067 | $1,747,209 |
Depreciation | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $28,500 | $28,500 | $28,500 | $28,500 | $28,500 |
Income Tax Expense | $379,591 | $424,948 | $474,639 | $529,048 | $588,598 |
Net Income | $704,954 | $789,190 | $881,472 | $982,519 | $1,093,111 |
Funding Requirements/Use of Funds
To accomplish our growth goals, Aqua Elite Swim Academy needs $285,000 in funding. Key uses of this funding will be as follows:
Capital Investments | |
---|---|
Location Buildout | $100,000 |
Furniture | $10,000 |
Equipment | $50,000 |
Machines | $20,000 |
Computers | $5,000 |
Non Capital Investments | |
---|---|
Working Capital | $30,000 |
Initial Rent/Lease | $20,000 |
Staff Salaries for First 3 Months | $30,000 |
Initial Marketing and Advertising | $10,000 |
Supplies | $5,000 |
Insurance | $5,000 |
Financial Projections
5 Year Annual Income Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
Revenues | ||||||
Revenues | $2,164,147 | $2,343,404 | $2,537,508 | $2,747,690 | $2,975,282 | |
Total Revenues | $2,164,147 | $2,343,404 | $2,537,508 | $2,747,690 | $2,975,282 | |
Direct Costs | ||||||
Direct Costs | $917,016 | $963,733 | $1,012,831 | $1,064,430 | $1,118,658 | |
Total Direct Costs | $917,016 | $963,733 | $1,012,831 | $1,064,430 | $1,118,658 | |
GROSS PROFIT | $1,247,131 | $1,379,670 | $1,524,677 | $1,683,260 | $1,856,624 | |
GROSS PROFIT % | 57.6% | 58.9% | 60.1% | 61.3% | 62.4% | |
Other Expenses | ||||||
Salaries | $72,814 | $75,023 | $77,299 | $79,644 | $82,060 | |
Marketing Expenses | $6,067 | $6,251 | $6,441 | $6,637 | $6,838 | |
Rent/Utility Expenses | $6,067 | $6,251 | $6,441 | $6,637 | $6,838 | |
Other Expenses | $12,135 | $12,503 | $12,883 | $13,274 | $13,676 | |
Total Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 | |
EBITDA | $1,150,045 | $1,279,639 | $1,421,611 | $1,577,067 | $1,747,209 | |
Depreciation | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | |
Amortization | $0 | $0 | $0 | $0 | $0 | |
EBIT | $1,113,045 | $1,242,639 | $1,384,611 | $1,540,067 | $1,710,209 | |
Interest Expense | $28,500 | $28,500 | $28,500 | $28,500 | $28,500 | |
PRETAX INCOME | $1,084,545 | $1,214,139 | $1,356,111 | $1,511,567 | $1,681,709 | |
Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Taxable Income | $1,084,545 | $1,214,139 | $1,356,111 | $1,511,567 | $1,681,709 | |
Income Tax Expense | $379,591 | $424,948 | $474,639 | $529,048 | $588,598 | |
NET INCOME | $704,954 | $789,190 | $881,472 | $982,519 | $1,093,111 | |
Net Profit Margin (%) | 32.6% | 33.7% | 34.7% | 35.8% | 36.7% |
5 Year Annual Balance Sheet
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash | $742,221 | $1,557,239 | $2,463,474 | $3,474,714 | $4,305,647 | |
Other Current Assets | $185,762 | $201,149 | $217,810 | $228,974 | $247,940 | |
Total Current Assets | $927,984 | $1,758,388 | $2,681,285 | $3,703,689 | $4,553,587 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Acc Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Intangibles | $0 | $0 | $0 | $0 | $0 | |
Fixed Assets | $185,000 | $185,000 | $185,000 | $185,000 | $185,000 | |
Accum Depreciation | $37,000 | $74,000 | $111,000 | $148,000 | $185,000 | |
Net fixed assets | $148,000 | $111,000 | $74,000 | $37,000 | $0 | |
Preliminary Exp | $0 | $0 | $0 | $0 | $0 | |
TOTAL ASSETS | $1,075,984 | $1,869,388 | $2,755,285 | $3,740,689 | $4,553,587 | |
LIABILITIES & EQUITY | ||||||
Current Liabilities | $86,029 | $90,243 | $94,667 | $97,551 | $102,339 | |
Debt outstanding | $285,000 | $285,000 | $285,000 | $285,000 | $0 | |
Total Liabilities | $371,029 | $375,243 | $379,667 | $382,551 | $102,339 | |
Share Capital | $0 | $0 | $0 | $0 | $0 | |
Retained earnings | $704,954 | $1,494,145 | $2,375,618 | $3,358,137 | $4,451,248 | |
Total Equity | $704,954 | $1,494,145 | $2,375,618 | $3,358,137 | $4,451,248 | |
TOTAL LIABILITIES & EQUITY | $1,075,984 | $1,869,388 | $2,755,285 | $3,740,689 | $4,553,587 |
5 Year Annual Cash Flow Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
CASH FLOW FROM OPERATIONS | ||||||
Net Income (Loss) | $704,954 | $789,190 | $881,472 | $982,519 | $1,093,111 | |
Change in Working Capital | ($99,733) | ($11,172) | ($12,237) | ($8,278) | ($14,178) | |
Plus Depreciation | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | |
Plus Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Operations | $642,221 | $815,018 | $906,234 | $1,011,240 | $1,115,932 | |
CASH FLOW FROM INVESTMENTS | ||||||
Fixed Assets | ($185,000) | $0 | $0 | $0 | $0 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Investments | ($185,000) | $0 | $0 | $0 | $0 | |
CASH FLOW FROM FINANCING | ||||||
Cash from Equity | $0 | $0 | $0 | $0 | $0 | |
Cash from Debt financing | $285,000 | $0 | $0 | $0 | ($285,000) | |
Net Cash Flow from Financing | $285,000 | $0 | $0 | $0 | ($285,000) | |
Net Cash Flow | $742,221 | $815,018 | $906,234 | $1,011,240 | $830,932 | |
Cash at Beginning of Period | $0 | $742,221 | $1,557,239 | $2,463,474 | $3,474,714 | |
$742,221 | $1,557,239 | $2,463,474 | $3,474,714 | $4,305,647 |
What Is a Swim School Business Plan?
A swim school business plan is a document that outlines the strategies you have developed to start and/or grow your swim school business. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your swim school business plan also assesses how much funding you will need to grow your business and proves, via your financial forecasts, why the business is viable.
Why You Need a Business Plan for your Swim School Business
A business plan is required if you are seeking funding for your swim school business. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, a swim school business plan helps you and your team stay focused. It documents the strategies you must follow and gives you financial projections you should strive to achieve and against which you can judge your performance.