Do you want to start a Gymnastic Instruction business plan?
Do you want to learn how to start a gymnastics business? If you do, you’re at the right place. Starting any business requires thorough planning and preparation. And the best way to do this is to follow a gymnastics instruction business plan sample.
Every business requires a business plan. Some even require multiple. For example, a gymnastic instruction business would require a personal trainers business plan as well depending on the scope of your business.
Starting a business may be hard, but if you are well-prepared, it can go as smoothly as possible. You can even take help from experts to make sure that you have everything set up perfectly. The first part of starting any business is to develop a good business plan for investors because no matter what the business is, you will require funds for starting.
Here, we are presenting the business plan for a gymnastics instruction center called Flip Ahead. You can follow this template to develop a business plan for your business.
2.1 Business & Mission Statement
Flip Ahead will be a gymnastic instruction and training facility aimed at providing the best training to both kids and adults. We will provide different programs for people with different skill levels and abilities. And our program will offer special instruction and facilities to the people who want to compete in the domain. It will be the mission of the company that all our customers are not only satisfied but leave healthier and stronger every session.
2.2 Management of Gymnastic Instruction Company
Starting a gymnastics business is no easy feat which is why you have to be diligent with every aspect. Starting a gymnastics club requires proper management at every step along the way.
To make sure that everything is being considered properly, you can also take help from business consulting services. You can also make sure that your business plan contains all the technical, financial, and marketing details to make your business a well-managed venture.
If you want to know how to open a gymnastics business, you can go through the details in this document. You can also read other gymnastics business plans to thoroughly understand all the requirements of a gymnastics business.
In this plan, we are providing all the details of building a gymnastics facility for Flip Ahead.
2.3 Customers of Gymnastic Instruction Company
The customer base of Flip Ahead will be based on people who are already keen on gymnastics or people who are invested in learning the sport. The main target customers of the company will include:
- Novice Kids/ Teens
- Athletes/ People looking to compete
- Adults Needing Recreation
- Educational Institutes
2.4 Business Target
The target of the company is to become a reliable source of instruction for the people so that our customers can come to us at any expertise level and gain the best results.
The financial targets that Flip Ahead wants to achieve within the next five years are shown below for reference:
3.1 Company Owner
Flip Ahead will be started and owned by Harriot Jenkins. Harriot completed her Bachelor of Science in Sport and Exercise a few years ago after which she became an integral part of a physical recovery and wellness institute. There, Harriot served for 2 years before she decided to pursue a business in the domain.
3.2 Company History
Flip Ahead was the result of the idea and inspiration of Harriet Jenkins who wanted to provide a place where everyone could come to enhance their physical health and stability. Harriet realized that there was a lack of proper instruction in gyms and other sports facilities which led to a decrease in the number of people who were willing to invest in a healthier lifestyle. Therefore, she decided to solve this problem through a business.
3.3 How the Gymnastic Instruction company will be started
Step1: Business Plan and Planning
The first answer to the question of how to open a gymnastics business? is simple and lies in planning. An idea comes to life by formulating a plan and then executing it. In business terms, this planning is done through a gymnastic business plan. This business plan is developed for planning how to start your own gymnastics club so that Flip Ahead is extensively planned out.
Step2: Select a Name
An important step of opening a gymnastics facility or any gymnastic business plan for that matter is deciding the name. This name is then utilized for all the official steps such as business registration and dealings with vendors etc.
Step3: Decide on a Location
A business cannot exist without a base. And a business such as a gymnastics facility requires both an office and a space to establish the club. Harriot decided on a 3-room space for setting up Flip Ahead.
Step4: Get Funding
It is important to make sure that your business is safe from all sides which means getting insurance for gymnastics facilities. Understanding this, Harriot started the insurance process right away.
Step5: Promote and Market
The final step is to make a brand out of your business and market that brand relentlessly.
|Research and Development||$10,000|
|TOTAL START-UP EXPENSES||$222,800|
|Other Current Assets||$222,000|
|Start-up Expenses to Fund||$222,800|
|Start-up Assets to Fund||$850,400|
|TOTAL FUNDING REQUIRED||$1,073,200|
|Non-cash Assets from Start-up||$1,089,800|
|Cash Requirements from Start-up||$102,000|
|Additional Cash Raised||$50,000|
|Cash Balance on Starting Date||$35,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$50,000|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|TOTAL PLANNED INVESTMENT||$1,073,200|
|Loss at Start-up (Start-up Expenses)||$135,100|
|TOTAL CAPITAL AND LIABILITIES||$1,276,800|
Building a gymnastics facility requires much more than bricks and equipment. Every aspect of the facility needs to be mapped out perfectly beforehand in the business plan for a gymnastics club. Even the range of services needs to be thought out beforehand as this information is used in marketing.
To help you understand the importance of elements of gymnastics business plan, the details of the services of Flip Ahead are presented below. You can also utilize a business plan for a trampoline business or something related to get how services should be mentioned.
The services provided by Flip Ahead as part of its gymnastic business plan are as follows:
- Basic Training
Flip Ahead is invested in starting a gymnastics business that provides an equal opportunity to all to learn the craft. Therefore, the facility will make arrangements for instructing people of all backgrounds and experience levels.
- Restoration and Rehabilitation
An important feature of Flip Ahead is that it will use the sport to help people recover from injuries and build more strength and mobility through targeted plans and instructions.
- Private Instruction Plans
The company will also keep in mind the people who either want to get trained to the level of competition or who are already competing and need specialized training programs. Therefore, there will be options to arrange special sessions with trainers and instructors.
- Introduction to Types
As a special service, Flip Ahead will go a step forward and hold group sessions to introduce people to different types of gymnastics including rhythmic, artistic, and trampoline.
Marketing Analysis of Gymnastic Instruction Company
If you want to know how to start a gymnastics gym, you have to first learn about the market. Before starting any business, you need to plan out all the details and structure your business in a way that it can survive in the market.
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As a rule, marketing analysis is made a part of every gymnastic business plan or any plan like climbing gym business plan. These market elements of gymnastics cheer business plan help design services in a way that your business can gain success.
Understanding the importance of gymnastics planning, Harriot decided to look into the gymnastics market for her business plan gymnastics facility. For reference, you can go through this gymnastic instruction business plan sample.
5.1 Market Trends
According to Statista, the purchase of gymnastics equipment in the US has increased at a huge rate since 2019. And it is still steadily rising. However, the number of people taking part in gymnastics has reduced because of a lack of proper instruction. Therefore, establishing a facility in this domain will be highly useful to bring back participation in the games.
5.2 Marketing Segmentation
The targeted customers of the gymnastics instruction business plan for Flip Ahead are:
Business Plan for Investors
5.2.1 Novice Kids/ Teens
Our main customers will be kids and teens who want to get into this field. We will provide detailed instructions so they can learn the best practices. We expect these kids to utilize our services regularly.
5.2.2 Competitive People/ Athletes
Another one of our target customers will be people who want to compete in sports. This can include adults who are already pursuing this field or children who want to get trained for competitions. We will provide specialized plans and services for these customers.
5.2.3 Adults needing Recovery
Flip Ahead will offer multiple group sessions for adults who want to pursue gymnastics for either recreation or recovery from injuries. In addition, we will also arrange for one-on-one sessions with the instructors available.
5.2.4 Educational Institutes
Our last targeted customers will be educational institutes as they often need instructors and equipment for their physical exercise classes. We expect to provide sessions in educational institutions quite regularly.
|Potential Customers||Growth||Year 1||Year 2||Year 3||Year 4||Year 5||CAGR|
|Kids & Teens||30%||31,900||38,280||45,936||55,123||66,148||10.00%|
|Recovering/ Recreational Adults||22%||21,300||25,560||30,672||36,806||44,168||11.00%|
5.3 Business Target
In this gymnastics business plan, the business targets for Flip Ahead are mentioned below:
- To become the best fitness center in Arizona.
- To expand services to different parts of the country.
- To provide the best services to customers and maintain their satisfaction.
- To earn a net profit of $10k/month after the initial 2 years of operation.
5.4 Product Pricing
Our prices will be a little more than the market prices because we will offer professional guidance to our customers. Each customer will be helped by the instructor to progress according to their experience level. Therefore, our services will be much more targeted than those of our competitors.
Owning a gymnastics gym can be immensely profitable if you develop a targeting sales strategy. For making an accurate sales strategy, you need to read multiple operational plans such as a dance studio business plan or a gymnastics center business plan. You also need to analyze your competitor’s profiles and figure out your competitive advantages.
These advantages will help you in opening a gymnastics facility that can thrive in the market.
In this gymnastic center business plan, we are providing the marketing strategies of Flip Ahead.
6.1 Competitive Analysis
- We will provide constant supervision and guidance through instructors to prevent injury and ensure progress.
- We will provide excellent customer support through a well-trained staff.
- We will offer different paths for people with different experience levels so that everyone can get trained according to their level.
6.2 Sales Strategy
- We will arrange outside sessions in parks to attract people.
- We will advertise our services through posters in the local community and on social media
- We will offer a free first session so our customers can judge our exclusivity.
6.3 Sales Monthly
6.4 Sales Yearly
6.5 Sales Forecast
|Unit Sales||Year 1||Year 2||Year 3|
|Restoration & Rehab||1,850||1,961||2,079|
|Private Instruction Plans||1,450||1,537||1,629|
|TOTAL UNIT SALES||5,950||6,307||6,685|
|Unit Prices||Year 1||Year 2||Year 3|
|Restoration & Rehab||$255.00||$295.80||$343.13|
|Private Instruction Plans||$130.00||$150.80||$174.93|
|Restoration & Rehab||$471,750.00||$580,063.80||$713,246.45|
|Private Instruction Plans||$188,500.00||$231,779.60||$284,996.20|
|Direct Unit Costs||Year 1||Year 2||Year 3|
|Restoration & Rehab||$100.00||$110.00||$115.50|
|Private Instruction Plans||$65.00||$71.50||$75.08|
|Direct Cost of Sales|
|Restoration & Rehab||$185,000.00||$215,710.00||$240,085.23|
|Private Instruction Plans||$94,250.00||$109,895.50||$122,313.69|
|Subtotal Direct Cost of Sales||$445,500.00||$519,453.00||$578,151.19|
When you are wondering how much it costs to open a gymnastics center, you should evaluate the finance that goes into hiring the personnel. These staff-related details are mentioned in the business plan of every startup. For the staff details of Flip Ahead, you can refer to this gymnastics instruction business plan sample. You can also refer to similar gymnastics business plans for startups in your vicinity.
7.1 Company Staff
- 1 Co-Manager to help in overall operations
- 6 Certified and Trained General Instructors
- 3 Specialized Trainers
- 2 Cleaners
- 1 Technician to upkeep the machinery
- 1 Accountant
- 2 Drivers
7.2 Average Salary of Employees
|Year 1||Year 2||Year 3|
When starting a business, people think about finances first. So it is normal if you are wondering how much it costs to open a gymnastics facility. Curious about this aspect of the business, Harriot decided to look into the financial management of Flip Ahead.
In a financial plan, you have to show how your revenue will be earned and how you will maintain sales high enough to keep the business working. To understand how Harriot lined out these details for Flip Ahead, you can go through this gymnastics instruction business plan sample. You can also take guidance from a gym business plan.
8.1 Important Assumptions
|Year 1||Year 2||Year 3|
|Current Interest Rate||8.12%||8.20%||8.26%|
|Long-term Interest Rate||8.40%||8.44%||8.47%|
8.2 Break-even Analysis
|Monthly Units Break-even||5340|
|Monthly Revenue Break-even||$132,500|
|Average Per-Unit Revenue||$231.00|
|Average Per-Unit Variable Cost||$0.62|
|Estimated Monthly Fixed Cost||$163,800|
8.3 Projected Profit and Loss
|Pro Forma Profit And Loss|
|Year 1||Year 2||Year 3|
|Direct Cost of Sales||$445,500||$519,453||$578,151|
|TOTAL COST OF SALES||$445,500||$519,453||$578,151|
|Gross Margin %||62.63%||64.57%||67.93%|
|Sales and Marketing and Other Expenses||$145,000||$148,000||$156,000|
|Total Operating Expenses||$547,200||$588,250||$639,180|
|Profit Before Interest and Taxes||$199,550||$358,288||$585,251|
8.3.1 Profit Monthly
8.3.2 Profit Yearly
8.3.3 Gross Margin Monthly
8.3.4 Gross Margin Yearly
8.4 Projected Cash Flow
|Pro Forma Cash Flow|
|Cash Received||Year 1||Year 2||Year 3|
|Cash from Operations|
|Cash from Receivables||$22,000||$23,760||$25,661|
|SUBTOTAL CASH FROM OPERATIONS||$73,000||$79,570||$85,936|
|Additional Cash Received|
|Sales Tax, VAT, HST/GST Received||$0||$0||$0|
|New Current Borrowing||$0||$0||$0|
|New Other Liabilities (interest-free)||$0||$0||$0|
|New Long-term Liabilities||$0||$0||$0|
|Sales of Other Current Assets||$0||$0||$0|
|Sales of Long-term Assets||$0||$0||$0|
|New Investment Received||$0||$0||$0|
|SUBTOTAL CASH RECEIVED||$74,000||$79,000||$85,000|
|Expenditures||Year 1||Year 2||Year 3|
|Expenditures from Operations|
|SUBTOTAL SPENT ON OPERATIONS||$69,000||$70,000||$76,000|
|Additional Cash Spent|
|Sales Tax, VAT, HST/GST Paid Out||$0||$0||$0|
|Principal Repayment of Current Borrowing||$0||$0||$0|
|Other Liabilities Principal Repayment||$0||$0||$0|
|Long-term Liabilities Principal Repayment||$0||$0||$0|
|Purchase Other Current Assets||$0||$0||$0|
|Purchase Long-term Assets||$0||$0||$0|
|SUBTOTAL CASH SPENT||$69,000||$74,520||$80,482|
|Net Cash Flow||$21,000||$23,000||$25,000|
8.5 Projected Balance Sheet
|Pro Forma Balance Sheet|
|Assets||Year 1||Year 2||Year 3|
|Other Current Assets||$1,000||$1,000||$1,000|
|TOTAL CURRENT ASSETS||$282,000||$315,840||$355,004|
|TOTAL LONG-TERM ASSETS||$24,400||$27,328||$30,744|
|Liabilities and Capital||Year 4||Year 5||Year 6|
|Other Current Liabilities||$0||$0||$0|
|SUBTOTAL CURRENT LIABILITIES||$19,000||$21,280||$23,919|
|TOTAL LIABILITIES AND CAPITAL||$300,000||$329,280||$370,440|
8.6 Business Ratios
|Year 1||Year 2||Year 3||INDUSTRY PROFILE|
|Percent of Total Assets|
|Other Current Assets||2.11%||2.34%||2.59%||2.40%|
|Total Current Assets||149.80%||151.00%||152.00%||158.00%|
|Percent of Sales|
|Selling, General & Administrative Expenses||93.56%||96.09%||98.78%||97.80%|
|Profit Before Interest and Taxes||41.50%||42.62%||43.81%||33.90%|
|Total Debt to Total Assets||0.18%||0.18%||0.17%||0.40%|
|Pre-tax Return on Net Worth||74.08%||74.89%||75.00%||75.00%|
|Pre-tax Return on Assets||96.30%||101.12%||106.17%||111.30%|
|Additional Ratios||Year 1||Year 2||Year 3|
|Net Profit Margin||33.56%||34.60%||35.67%||N.A.|
|Return on Equity||55.80%||57.53%||59.31%||N.A.|
|Accounts Receivable Turnover||7.7||7.8||7.8||N.A.|
|Accounts Payable Turnover||15.6||16||16.3||N.A.|
|Total Asset Turnover||2.5||2.5||2.6||N.A.|
|Debt to Net Worth||-0.04||-0.03||-0.04||N.A.|
|Current Liab. to Liab.||1||1||1||N.A.|
|Net Working Capital||$244,000||$257,664||$272,093||N.A.|
|Assets to Sales||0.85||0.87||0.89||N.A.|
|Current Debt/Total Assets||1%||0%||0%||N.A.|
- How do I start a successful gymnastics business?
You can start a successful business by going through this gymnastics instruction business plan sample or even an indoor sports complex business plan.
- Are gymnastic gyms profitable?
Opening a gymnastics club can result in revenues around $50k to $150k depending on the scale of the business.
- How do you promote a gymnastics class?
You can promote a gymnastic instruction class through targeted marketing and a well-developed marketing plan.
- How do you start a gymnastics team?
You can learn how to start a gymnastics business by going through different business plans and then developing your own.
OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.