Pilates Studio Business Plan Template

Pilates Studio Business Plan Template
Table of Contents
Table of Contents

If you’re looking to create a pilates studio 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 pilates studio businesses.

Pilates Studio Business Plan Example

Below is our pilates studio business plan template and sample plan:
 

I. Executive Summary

Company Overview

Core Strength Pilates Studio is a fresh and dynamic Pilates studio located in the vibrant community of Florissant, MO. We are excited to offer a unique fitness experience focusing on core strength, flexibility, and the overall well-being of our clients. Our studio aims to bridge the gap in the local market by providing high-quality Pilates services, including Group Pilates Classes, Private Pilates Sessions, Reformer Pilates Classes, and Pilates Workshops and Events. Additionally, for those looking to further their practice or start a career in Pilates, we offer comprehensive Pilates Instructor Training programs. Situated in a prime location, our studio is easily accessible to all Florissant residents seeking a dedicated space for their Pilates journey. With our extensive service offerings and commitment to health and wellness, we are poised to become the go-to Pilates destination in our community.

Success Factors

Our studio is built on a solid foundation, leveraging our founder’s previous success in managing a Pilates studio and our commitment to superior service. Since launching on January 7, 2024, as a Sole Proprietorship, we have accomplished critical milestones such as creating our brand identity, securing an ideal studio location, and beginning our journey toward becoming Florissant’s premier Pilates studio. These achievements demonstrate our dedication to providing a professional and supportive environment where our clients can achieve their fitness goals, making us uniquely positioned for success in the Pilates industry.

Industry Analysis

The Pilates Studio industry in the United States, currently valued at approximately $9.2 billion and growing at an annual rate of 8.1%, is poised for further expansion driven by increased health awareness and a demand for fitness and wellness services. Core Strength Pilates Studio is well-aligned with industry trends, focusing on personalized and boutique fitness experiences that cater to individual needs and preferences. Additionally, the shift towards online and virtual class offerings presents an opportunity for our studio to reach a broader audience in Florissant, MO, and beyond. By providing high-quality, personalized Pilates experiences and embracing technological advancements, we are positioned to attract and retain customers in a flourishing market.

Customer Analysis

Our primary target market includes local residents of Florissant, MO, of various ages and fitness levels interested in Pilates for its health benefits, including increased flexibility and mental well-being. We also aim to attract nearby office workers seeking convenient fitness solutions and seniors looking for low-impact exercises to maintain health and mobility. Our diverse range of programs is designed to cater to beginners, experienced practitioners, and everyone in between, ensuring a comprehensive approach to health and fitness that meets the needs of our community.

Competitive Analysis

Our main competitors are NT Pilates, Boom Pilates, and Club Pilates, each offering unique Pilates classes and services. NT Pilates focuses on a variety of class offerings and has a central location, but may be limited by higher prices and restricted class times. Boom Pilates appeals to a younger demographic through a modern, high-energy approach, yet its niche focus may limit broader appeal. Club Pilates offers a wide range of classes across multiple locations, providing brand recognition but facing potential inconsistencies in class quality. Core Strength Pilates Studio sets itself apart with highly trained instructors, personalized attention, a broad array of services, and state-of-the-art facilities, ensuring we cater to a wide range of client needs and maintain a competitive edge in the Pilates industry.

Marketing Plan

At Core Strength Pilates Studio, we offer a variety of Pilates classes and educational programs designed to meet the fitness and professional development needs of our clientele. Our pricing strategy ensures accessibility and value for services such as Group Pilates Classes, Private Sessions, Reformer Classes, Workshops, and Instructor Training. Our promotional strategy combines online and community-based marketing to attract and engage clients. We will optimize our online presence through SEO, social media, and email marketing, while also engaging in community outreach and partnerships to build our brand locally. Referral programs and targeted advertising will further enhance our promotional efforts, aiming to establish Core Strength Pilates Studio as a premier fitness destination in Florissant, MO.

Operations Plan

Our operations focus on ensuring efficiency and client satisfaction through streamlined scheduling, class preparation, staff training, and exceptional customer service. We will manage financial tasks, studio maintenance, marketing efforts, and inventory to maintain a welcoming and professional environment. Compliance with health and safety regulations will be a priority to safeguard our clients and staff. Upcoming milestones include securing our studio location, obtaining necessary permits, hiring qualified instructors, and launching our marketing strategy to achieve our goal of $15,000/month in revenue within the first 24 months.

Management Team

Under the leadership of CEO Paisley Campbell, Core Strength Pilates Studio boasts a management team with extensive experience and expertise in the fitness industry. Campbell’s proven track record in Pilates studio management and strategic operations, combined with a dedicated team of professionals, positions our studio for success. Our collective expertise ensures the effective implementation of our business plan, guiding Core Strength Pilates Studio towards achieving its objectives and serving the Florissant community with excellence.

Financial Plan

To reach our growth goals, Core Strength Pilates Studio requires $171,000 in funding. This investment will cover capital and non-capital expenses such as location buildout, equipment purchases, initial operating costs, and marketing initiatives. This financial plan supports our strategy to establish a premier Pilates studio, ensuring we provide high-quality services while achieving financial sustainability and growth.

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 $2,473,311 $2,678,176 $2,900,009 $3,140,218 $3,400,323
Direct Expenses $1,100,419 $1,156,480 $1,215,397 $1,277,316 $1,342,389
Gross Profit $1,372,892 $1,521,695 $1,684,612 $1,862,901 $2,057,933
Gross Profit (%) 55.5% 56.8% 58.1% 59.3% 60.5%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,275,806 $1,421,664 $1,581,546 $1,756,708 $1,948,518
Depreciation $17,000 $17,000 $17,000 $17,000 $17,000
Amortization $0 $0 $0 $0 $0
Interest Expense $17,100 $17,100 $17,100 $17,100 $17,100
Income Tax Expense $434,597 $485,647 $541,606 $602,913 $670,046
Net Income $807,109 $901,917 $1,005,840 $1,119,695 $1,244,372

 

II. Company Overview

Core Strength Pilates Studio. is a new and vibrant Pilates studio nestled in the heart of Florissant, MO. We are proud to introduce our local community to a unique fitness experience with a focus on core strength and flexibility. Recognizing the absence of high-quality local Pilates studios in the area, we have set out to fill this gap by offering a wide range of Pilates services designed to meet the needs of both beginners and experienced enthusiasts alike.

At Core Strength Pilates Studio, our offerings are comprehensive and tailored to suit the varied needs of our clientele. We provide Group Pilates Classes, ideal for those who enjoy the motivation of a class setting. For clients seeking a more personalized approach, we offer Private Pilates Sessions, designed to cater to individual fitness goals and requirements. Our Reformer Pilates Classes introduce clients to the benefits of equipment-assisted workouts, enhancing their Pilates experience. Additionally, we host Pilates Workshops and Events, creating opportunities for learning and community engagement. For those interested in deepening their practice or pursuing a career in Pilates, we offer Pilates Instructor Training programs. These services are all part of our commitment to promoting health, wellness, and a deep understanding of Pilates principles in Florissant, MO.

Our studio is strategically located in Florissant, MO, making it accessible for all residents in the area looking for a dedicated Pilates space. This prime location, combined with our comprehensive service offering, positions us as a leading choice for Pilates enthusiasts in the community.

The foundation of Core Strength Pilates Studio is built on solid ground, thanks to our founder’s previous experience in successfully running a Pilates studio. This background, coupled with our commitment to offering superior Pilates services and a wider array of options than our competitors, makes us uniquely qualified to succeed. Our focus is not only on providing exceptional Pilates classes but also on fostering a supportive and welcoming community for our clients.

Since our inception on January 7, 2024, Core Strength Pilates Studio has made significant strides as a Sole Proprietorship. We have achieved several key milestones, including the development of our company name, the design of our logo, and securing a fantastic location for our studio. These accomplishments mark the beginning of our journey towards becoming the go-to Pilates studio in Florissant, MO, and reflect our dedication to creating a space where our clients can pursue their fitness goals in a supportive and professional environment.

 

III. Industry Analysis

The Pilates Studio industry in the United States is currently valued at approximately $9.2 billion, with an annual growth rate of 8.1%. This growth is largely driven by the increasing awareness of the health benefits of Pilates, as well as the rising demand for fitness and wellness services. As more people prioritize their physical and mental well-being, the Pilates Studio industry is expected to continue its upward trajectory in the coming years.

One of the key trends in the Pilates Studio industry is the shift towards personalized and boutique fitness experiences. Customers are increasingly seeking out specialized studios that offer unique classes and individualized attention. This trend bodes well for Core Strength Pilates Studio, as it positions itself as a premium Pilates Studio catering to the specific needs and preferences of its clients. By providing a high-quality and personalized experience, Core Strength Pilates Studio is well-positioned to attract and retain customers in Florissant, MO.

Another trend in the Pilates Studio industry is the growing popularity of online and virtual classes. As technology continues to advance, more Pilates Studios are offering digital options for customers to practice Pilates from the comfort of their own homes. Core Strength Pilates Studio can capitalize on this trend by incorporating virtual classes into its offerings, allowing customers to access their services remotely. By embracing technology and offering both in-person and virtual classes, Core Strength Pilates Studio can reach a wider audience and increase its market share in Florissant, MO.

 

IV. Customer Analysis

Below is a description of our target customers and their core needs.

Target Customers

We will primarily target local residents in Florissant, MO, who are seeking to improve their physical health and wellness through Pilates. This group consists of individuals of varying ages and fitness levels interested in the benefits of Pilates, such as increased flexibility, muscle strength, and mental well-being. Our programs will cater to both beginners and experienced practitioners, ensuring a comprehensive approach to health and fitness.

In addition to local residents, we will also focus on attracting nearby office workers looking for convenient exercise options during or after their workday. By offering classes at various times throughout the day, we will accommodate the busy schedules of professionals seeking to integrate fitness into their daily routine. Our studio will tailor specific programs aimed at reducing workplace-related stress and improving posture, which is beneficial for individuals spending long hours at a desk.

Furthermore, we will target seniors in the community who are interested in low-impact exercises to maintain their health and mobility. Pilates is an ideal choice for older adults because it can be modified to meet individual fitness levels and limitations, promoting a safer exercise environment. Our instructors will specialize in techniques that enhance balance, flexibility, and core strength among the senior population, ensuring that our programs are inclusive and accessible to all age groups.

Customer Needs

Core Strength Pilates Studio meets the growing demand for specialized fitness programs by offering high-quality Group Pilates Classes. Residents in the area can now access a community-centric space where they can engage in Pilates exercises tailored to improve their physical strength and flexibility. This setting not only supports individual health goals but also fosters a sense of belonging among participants.

In addition to group sessions, Core Strength Pilates Studio caters to clients seeking a more personalized workout experience through Private Pilates Sessions. Customers can expect one-on-one attention from experienced instructors, ensuring that their unique health and fitness needs are addressed. This personalized approach is ideal for those recovering from injuries, looking to enhance their performance in specific areas, or preferring a more private setting for their workouts.

Moreover, Core Strength Pilates Studio expands its offerings beyond traditional Pilates classes to include a variety of related fitness and wellness services. This diversity in services means that clients have the opportunity to explore different aspects of their physical wellbeing under one roof. Whether looking to strengthen their core, improve posture, or simply find a supportive community to maintain an active lifestyle, customers will find a comprehensive solution to their health and fitness needs.

 

V. Competitive Analysis

Direct Competitors

Core Strength Pilates Studio’s competitors include the following companies.

NT Pilates offers a range of Pilates classes that cater to different skill levels, from beginners to advanced practitioners. They specialize in reformer Pilates, mat classes, and private sessions. Their price points vary depending on the class type and package deals, with options for single sessions, multi-class packages, and unlimited monthly memberships. NT Pilates generates revenue primarily through class fees and memberships. They also sell Pilates equipment and apparel, contributing to their income. The studio operates in a central location, making it accessible to a wide range of customers within the city and its suburbs. The customer segments served by NT Pilates include individuals looking for low-impact exercises, those in need of rehabilitation exercises, and Pilates enthusiasts. They serve a geographic area that encompasses the city center and nearby residential areas. Key strengths of NT Pilates include a team of certified instructors, a variety of class offerings, and a central location. However, their weaknesses may include higher price points and limited class times.

Boom Pilates differentiates itself by offering a modern, high-energy approach to Pilates, incorporating music and technology into their sessions. They provide reformer classes, mat Pilates, and fusion classes that combine Pilates with other workout styles. Their pricing is competitive, with options for single drop-in rates, class packs, and unlimited memberships. Boom Pilates has seen success with a business model that emphasizes a vibrant studio atmosphere and community engagement. They host events and workshops, adding to their revenue streams. Located in a trendy, urban area, Boom Pilates attracts a younger demographic, including millennials and young professionals. The studio’s customer base is diverse, targeting those seeking a dynamic and engaging workout experience. They cater to customers in urban and metropolitan areas, focusing on accessibility and convenience. Strengths of Boom Pilates include a unique brand identity and a loyal customer base. However, their focus on a niche market segment can be a weakness, limiting their appeal to a broader audience.

Club Pilates is a well-established chain with multiple locations, offering a wide range of classes that include reformer Pilates, barre, cardio Pilates, and more. Their pricing strategy includes membership tiers, which provide flexibility and options for clients of different commitment levels and budgets. Club Pilates boasts significant revenue, supported by its wide reach and large customer base. With locations across several states, Club Pilates serves a diverse geographic area and customer segment. They cater to individuals of all ages and fitness levels, from beginners to advanced. The brand’s key strengths are its wide array of class types, extensive network of studios, and strong brand recognition. However, the franchise nature of Club Pilates can lead to variability in class quality and customer experience across different locations. This inconsistency can be seen as a weakness, alongside the potential for higher membership costs compared to local, independent studios.

Competitive Advantages

At Core Strength Pilates Studio, we pride ourselves on offering superior Pilates services compared to our competitors. Our instructors are highly trained and dedicated to providing personalized attention to each client, ensuring they receive the highest quality of care and instruction. This commitment to excellence allows us to cater to a wide range of client needs, from beginners to advanced practitioners, making us a preferred choice for those looking to enhance their physical fitness and well-being through Pilates. Additionally, our state-of-the-art facilities are equipped with the latest Pilates equipment, enabling us to offer a variety of classes and private sessions that are designed to meet the unique goals of our clients.

Beyond the quality of our services, we distinguish ourselves by offering a broader array of Pilates services than our competitors. Whether clients are interested in mat classes, reformer sessions, or specialized programs such as pre-natal Pilates, we have something to suit everyone’s needs. This expansive service offering allows us to attract a diverse clientele, further establishing our studio as a community hub for health and wellness. Moreover, our commitment to continual improvement means we are always exploring new techniques and services to enhance our offerings, ensuring our clients have access to the most innovative Pilates practices available. In this way, we not only maintain our competitive edge but also foster a dynamic and supportive environment where our clients can thrive.

 

VI. Marketing Plan

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products, Services & Pricing

At Core Strength Pilates Studio, clients can explore a wide array of services tailored to meet their fitness and educational needs. Our offerings have been designed to cater to both individuals seeking to improve their physical health and fitness professionals looking to expand their expertise. Below is a detailed overview of our products and services, including their average selling price, ensuring that potential clients can find a program that suits their budget and fitness goals.

Group Pilates Classes are a cornerstone of our service offerings, providing an engaging and supportive environment for individuals at any level of their Pilates journey. These classes emphasize the foundational principles of Pilates, focusing on core strength, flexibility, and overall body awareness. Clients can expect to pay an average of $25 per class, offering an affordable option for those looking to incorporate Pilates into their regular fitness regimen.

For those seeking a more personalized approach, Private Pilates Sessions are available. These one-on-one sessions are tailored to meet the specific needs and goals of the individual, whether it’s recovering from an injury, improving athletic performance, or focusing on personal fitness objectives. With an average cost of $70 per session, clients receive undivided attention from our certified instructors, ensuring a customized and effective workout experience.

Reformer Pilates Classes introduce clients to the Pilates reformer machine, a versatile piece of equipment that adds resistance to traditional Pilates exercises. These classes are designed to challenge and enhance the Pilates practice, suitable for both beginners and advanced students. The average price for Reformer Pilates Classes is $35 per class, providing an opportunity for individuals to experience the added benefits of equipment-based exercises at a competitive rate.

Throughout the year, Core Strength Pilates Studio hosts a variety of Pilates Workshops and Events. These special sessions cover a range of topics, from deep dives into Pilates principles to exploring complementary practices such as yoga and mindfulness. Participants can expect to pay an average of $50 per workshop or event, offering a valuable opportunity for enrichment and community engagement outside of regular classes.

Finally, for those looking to turn their passion for Pilates into a profession, we offer Pilates Instructor Training. This comprehensive program is designed to equip aspiring instructors with the knowledge and skills needed to teach Pilates at any level. The cost of the instructor training program varies based on the depth and length of the course, with prices averaging around $2,500. This investment includes all necessary materials, certification fees, and hands-on training sessions.

Core Strength Pilates Studio is dedicated to providing a wide range of Pilates services to meet the needs of our diverse clientele. Whether you’re looking to join a community of Pilates enthusiasts, deepen your personal practice, or pursue a career in Pilates instruction, we have something to offer. Our competitive pricing and comprehensive offerings ensure that every client can find a program that aligns with their fitness and educational goals.

Promotions Plan

To attract customers and build a strong client base, we at Core Strength Pilates Studio will implement a multifaceted promotional strategy that centers around online marketing while also incorporating traditional and community-based methods. Our approach is designed to engage potential clients in Florissant, MO, and the surrounding areas through a variety of channels that highlight the unique benefits of our Pilates services.

First and foremost, we will leverage the power of online marketing to ensure maximum visibility. Our website will be optimized for search engines (SEO) to attract people actively searching for Pilates classes in the area. Additionally, we will maintain an active presence on social media platforms such as Instagram and Facebook, where we will share engaging content, including class schedules, success stories, health tips, and live sessions. This approach not only promotes our studio but also builds a community around our brand.

Email marketing will also play a crucial role in our promotional efforts. By building a mailing list, we will keep our subscribers informed about special offers, new classes, workshops, and events, encouraging repeat visits and fostering a sense of belonging among our clients.

Beyond our digital efforts, we will engage in community outreach by partnering with local businesses and health professionals to offer workshops and free trial classes. This not only introduces our studio to potential clients but also establishes us as a health and wellness resource within the community. Additionally, we will participate in local events and health fairs to increase our visibility and connect with the community on a personal level.

Referral programs will also be a key component of our strategy. We will encourage our satisfied clients to refer friends and family by offering them incentives, such as discounts on future classes or merchandise. This word-of-mouth marketing is invaluable and will help us build a loyal customer base.

Finally, we will utilize targeted advertising through Google Ads and social media platforms to reach potential clients who have shown an interest in Pilates or related fitness activities. This targeted approach ensures that our marketing efforts reach those most likely to be interested in our offerings, making our campaigns more cost-effective and efficient.

In conclusion, our promotional strategy is comprehensive and designed to reach potential clients through a variety of channels. By combining online marketing with community engagement and referral programs, we expect to attract a diverse clientele and establish Core Strength Pilates Studio as a premier Pilates destination in Florissant, MO.

 

VII. Operations Plan

Our Operations Plan details:

  1. The key day-to-day processes that our business performs to serve our customers
  2. The key business milestones that our company expects to accomplish as we grow

 

Key Operational Processes

To ensure the success of Core Strength Pilates Studio, there are several key day-to-day operational processes that we will perform.

  • Client Scheduling and Management: Utilize an efficient online booking system to manage class schedules, allowing clients to book, cancel, or reschedule sessions easily. This system also sends reminders to reduce no-shows.
  • Class Preparation: Instructors will prepare for each class in advance, ensuring they have the necessary equipment and space set up. This includes sanitizing equipment before and after use to maintain a clean and safe environment.
  • Staff Training and Development: Continuously train instructors to stay up-to-date with the latest Pilates techniques and customer service skills, ensuring high-quality instruction and client satisfaction.
  • Customer Service: Provide exceptional customer service, addressing any questions or concerns promptly. This includes managing front desk operations efficiently, greeting clients warmly, and offering tours to prospective clients.
  • Financial Management: Perform daily financial tasks such as processing payments, managing invoices, and tracking expenses and revenue to maintain a healthy cash flow and profitability.
  • Maintenance of Studio Environment: Ensure the studio remains clean, organized, and welcoming. This includes regular cleaning of the studio space, waiting areas, and restrooms, as well as maintaining the quality of Pilates equipment.
  • Marketing and Promotion: Execute daily marketing efforts to attract new clients and retain existing ones. This can include social media updates, email newsletters, and local community engagement.
  • Feedback Collection and Analysis: Collect feedback from clients regularly through surveys, suggestion boxes, or informal conversations to identify areas for improvement and enhance client satisfaction.
  • Inventory Management: Monitor and manage inventory of necessary supplies such as Pilates equipment, cleaning supplies, and office materials to ensure they are always available when needed.
  • Compliance and Safety: Adhere to local health and safety regulations to ensure the well-being of both clients and staff. This includes staying informed about and implementing any new health guidelines promptly.

Milestones

Core Strength Pilates Studio expects to complete the following milestones in the coming months in order to ensure its success: –

  • Securing a Suitable Location: Finding and securing a lease for a studio in Florissant, MO, that is accessible and appealing to our target market. This location should also comply with all local zoning and health regulations.
  • Obtaining Necessary Permits and Licenses: Completing all regulatory requirements, including business licenses and any specific permits required for operating a fitness facility in the area.
  • Studio Setup and Equipment Purchase: Designing the interior to create a welcoming and conducive environment for Pilates, and purchasing necessary equipment such as Pilates reformers, mats, and other training tools.
  • Hiring Qualified Instructors: Recruiting and hiring certified Pilates instructors who are passionate about Pilates and capable of delivering high-quality, safe, and personalized classes to our clients.
  • Developing a Robust Class Schedule: Creating a diverse and flexible class schedule that caters to the needs and availability of our target demographic, including beginners, intermediate, and advanced sessions.
  • Implementing a Marketing and Promotion Strategy: Launching marketing campaigns both online and offline to create awareness of our studio, attract initial customers, and build a community around our brand.
  • Launching Our Pilates Studio: Officially opening our doors to the public with a launch event or promotion to generate excitement and attract initial clients. – Establishing an Online Presence: Developing a user-friendly website and active social media profiles to engage with our community, provide class information, and facilitate easy bookings.
  • Monitoring and Adjusting Operational Processes: Regularly reviewing and refining operational processes, including class schedules, instructor performance, and customer feedback, to enhance the overall client experience.
  • Get to $15,000/month in Revenue: Achieving this financial milestone within the first 24 months through client retention strategies, expanding service offerings, and continuously optimizing our marketing efforts.

 

VIII. Management Team

Our management team has the experience and expertise to successfully execute on our business plan.

Management Team Members

Core Strength Pilates Studio management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Paisley Campbell, CEO

Paisley Campbell brings a wealth of experience and a proven track record of success to Core Strength Pilates Studio. With a history of having successfully managed a Pilates studio in the past, Campbell has demonstrated an aptitude for business leadership and an in-depth understanding of the fitness industry. Her expertise lies not only in Pilates instruction but also in the strategic operations required to run a successful studio. Campbell’s leadership is expected to steer Core Strength Pilates Studio toward achieving its goals through her visionary approach and commitment to excellence in service.

 

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 $2,473,311 $2,678,176 $2,900,009 $3,140,218 $3,400,323
Direct Expenses $1,100,419 $1,156,480 $1,215,397 $1,277,316 $1,342,389
Gross Profit $1,372,892 $1,521,695 $1,684,612 $1,862,901 $2,057,933
Gross Profit (%) 55.5% 56.8% 58.1% 59.3% 60.5%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,275,806 $1,421,664 $1,581,546 $1,756,708 $1,948,518
Depreciation $17,000 $17,000 $17,000 $17,000 $17,000
Amortization $0 $0 $0 $0 $0
Interest Expense $17,100 $17,100 $17,100 $17,100 $17,100
Income Tax Expense $434,597 $485,647 $541,606 $602,913 $670,046
Net Income $807,109 $901,917 $1,005,840 $1,119,695 $1,244,372

Funding Requirements/Use of Funds

To accomplish our growth goals, Core Strength Pilates Studio needs $171,000 in funding. Key uses of this funding will be as follows:

Capital Investments
Location Buildout $50,000
Furniture $10,000
Equipment and Machines $20,000
Computers and Software $5,000
Non Capital Investments
Working Capital $25,000
Initial Rent/Lease $20,000
Staff Salaries for the First 3 Months $30,000
Initial Marketing and Advertising $5,000
Supplies $2,000
Insurance $4,000

Financial Projections

financial projection pilates studio business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $2,473,311 $2,678,176 $2,900,009 $3,140,218 $3,400,323
Total Revenues $2,473,311 $2,678,176 $2,900,009 $3,140,218 $3,400,323
Direct Costs
Direct Costs $1,100,419 $1,156,480 $1,215,397 $1,277,316 $1,342,389
Total Direct Costs $1,100,419 $1,156,480 $1,215,397 $1,277,316 $1,342,389
GROSS PROFIT $1,372,892 $1,521,695 $1,684,612 $1,862,901 $2,057,933
GROSS PROFIT % 55.5% 56.8% 58.1% 59.3% 60.5%
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 $1,275,806 $1,421,664 $1,581,546 $1,756,708 $1,948,518
Depreciation $17,000 $17,000 $17,000 $17,000 $17,000
Amortization $0 $0 $0 $0 $0
EBIT $1,258,806 $1,404,664 $1,564,546 $1,739,708 $1,931,518
Interest Expense $17,100 $17,100 $17,100 $17,100 $17,100
PRETAX INCOME $1,241,706 $1,387,564 $1,547,446 $1,722,608 $1,914,418
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $1,241,706 $1,387,564 $1,547,446 $1,722,608 $1,914,418
Income Tax Expense $434,597 $485,647 $541,606 $602,913 $670,046
NET INCOME $807,109 $901,917 $1,005,840 $1,119,695 $1,244,372
Net Profit Margin (%) 32.6% 33.7% 34.7% 35.7% 36.6%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $799,407 $1,705,747 $2,714,803 $3,842,170 $4,916,557
Other Current Assets $212,300 $229,884 $248,926 $261,684 $283,360
Total Current Assets $1,011,708 $1,935,632 $2,963,730 $4,103,854 $5,199,918
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $85,000 $85,000 $85,000 $85,000 $85,000
Accum Depreciation $17,000 $34,000 $51,000 $68,000 $85,000
Net fixed assets $68,000 $51,000 $34,000 $17,000 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $1,079,708 $1,986,632 $2,997,730 $4,120,854 $5,199,918
LIABILITIES & EQUITY
Current Liabilities $101,598 $106,606 $111,863 $115,292 $120,983
Debt outstanding $171,000 $171,000 $171,000 $171,000 $0
Total Liabilities $272,598 $277,606 $282,863 $286,292 $120,983
Share Capital $0 $0 $0 $0 $0
Retained earnings $807,109 $1,709,026 $2,714,866 $3,834,562 $5,078,934
Total Equity $807,109 $1,709,026 $2,714,866 $3,834,562 $5,078,934
TOTAL LIABILITIES & EQUITY $1,079,708 $1,986,632 $2,997,730 $4,120,854 $5,199,918

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $807,109 $901,917 $1,005,840 $1,119,695 $1,244,372
Change in Working Capital ($110,701) ($12,577) ($13,784) ($9,329) ($15,984)
Plus Depreciation $17,000 $17,000 $17,000 $17,000 $17,000
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $713,407 $906,339 $1,009,056 $1,127,366 $1,245,387
CASH FLOW FROM INVESTMENTS
Fixed Assets ($85,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($85,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $171,000 $0 $0 $0 ($171,000)
Net Cash Flow from Financing $171,000 $0 $0 $0 ($171,000)
Net Cash Flow $799,407 $906,339 $1,009,056 $1,127,366 $1,074,387
Cash at Beginning of Period $0 $799,407 $1,705,747 $2,714,803 $3,842,170
$799,407 $1,705,747 $2,714,803 $3,842,170 $4,916,557

 

What Is a Pilates Studio Business Plan?

A pilates studio business plan is a document that outlines the strategies you have developed to start and/or grow your pilates studio business. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your pilates studio 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 Pilates Studio Business

A business plan is required if you are seeking funding for your pilates studio business. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, a pilates studio 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.
 

Pilates Studio Business Plan Template PDF

Download our Pilates Studio Business Plan PDF to help guide you as you create your business plan for your own pilates studio business.
 

Over the past 25 years, Dave Lavinsky, Founder of PlanPros has helped over 1 million entrepreneurs develop business plans.
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