Fitness Center Business Plan

Fitness Center Business Plan-37
Fitness centers can be broadly classified as following based on the format: Based on the target population, market, competition, trained staff availability and vision of the Entrepreneur, the Entrepreneur can choose a format for the fitness center.Once, the business format is decided, a location for the fitness center must be decided.It is recommended that fitness centers be setup as a Private Limited Company or Limited Liability Partnership to ensure transferability and limited liability protection features are available for the promoters.

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A clearance from the local police department is also required for operating a fitness center in India.Our franchise is a limited liability company located in Lake Oswego, Oregon.1.2 PRODUCTS & SERVICES Buff Up Lake Oswego provides individuals the opportunity to exceed their fitness expectations.The services provided by a fitness center will attract service tax.Hence, service tax registration must be obtained by the fitness center once annual turnover crosses Rs.9 lakhs.Demand for gyms from fitness conscious consumers, have also been key to making gyms and fitness centers a profitable business opportunity.Opening a fitness center requires careful planning and research, and in this article we look at the process for starting a gym or fitness center in India along.Our program is provides all of the elements necessary for participants to achieve their fitness goals.1.3 MARKET ANALYSIS The market for fitness training reflects the demographics and standard of living in much the same way that the major gyms and personal training facilities are segmented.While choosing a location for the fitness center, it is important to keep in mind the following: The business model for the gym or fitness center must be decided by the Entrepreneur with careful research and proper planning.The decision taken at this stage will have implications throughout the fitness center’s business life-cycle.

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