Year 1 Year 2 Year 3 Year 4

Sales 5,209,700.00 6,648,563 8,142,000 9,690,013

Operating Expenses
Salaries and Wages 3,129,602 3,129,602 3,129,602 3,129,602
Employees Benefits 148,018 148,018 148,018 148,018
Rent Expense 600,000 630,000 661,500 694,575
Utilities 388,788 427,667 470,433 517,477
Office Supplies 8,772 9,211 9,671 10,155
Permits and licenses 11,250.00 11,813 12,403 13,023
Repairs and maintenance 90,000 99,000 108,900
Depreciation 265,727 399,505 399,505 399,505
Advertising and Promotion 140,000 147,000 154,350 162,068

Total Operating Expenses 4,692,157.00 4,992,816.00 5,084,482.00 5,183,323.00

Operating Profit 517,543.00 1,655,747.00 3,057,517 4,506,690
Profit Before Taxes 517,543 1,655,747 3,057,517 4,506,690
Income Tax (30%) 155,263 496,724 917,255 1,352,007
Net Profit / Loss After Tax 362,280 1,159,023 2,140,262 3,154,683

financial positions
Year 1 Year 2 Year 3 Year 4
ASSETS
Current Assets
Cash 1,892,330 3,051,353 5,191,614 8,346,297
Total Current Cash 1,892,330 3,051,353 5,191,614 8,346,297

Property and Equipment

Leasehold Improvements 100,000 100,000 100,000 100,000
Office Equipment 161,000 161,000 161,000 161,000
Gym Equipment 1,664.,000 194.375 1,858,375 1,858,375
Furnitures And Fixtures 544,950 544,950 544,950 544,950
Office Supplies 8,772 8,772 8,772 8,772

Total 2,478,722 1,009,097 2,673,097 2,673,097

Accumulated Depreciation 265,727 143,778 399,505 399,505
Net Value 2,212,995 865,319 2,273,592 2,273,592

TOTAL ASSETS 4,105,325 865,319 7,465,206 10,619,889

LIABLILITIES
Income Tax Payable 155,263 496,724 917,225 1,352,007
Total Liabilities 155,263 496,724 917,225 1,352,007

Owners Equity
Capital Stock 3,950,062 3,419,947 6,547,951 9,267,882
 Retained Earnings 4,552,157 4,845,816 4,930,133 5,021,255
Total Owners Equity 8,502,219 8,265,763 11,478,084 14,289,137

TOTAL LIABILITIES AND OWNERS EQUITY

Year 5
11,292,600

3,129,602
148,018
729,304
569,225
10,662
13,674
119,790
399,505
170,171

5,289,951.00
6,002,648
6,002,648
1,800,795
4,201,854

Year 5

12,548,151
12,548,151

100,000
161,000
1,858,375
544,950
8,772

2,673,097
399,505
2,273,592

14,821,743

1,800,795
1,800,795

13,020,949
 5,119,781
18,140,730
PROJECTED financial positions FOR 5 YEARS
Year 1 Year 2
ASSETS
Current Assets
Cash 1,892,330 3,051,353
Total Current Cash 1,892,330 3,051,353

Property and Equipment

Leasehold Improvements 100,000 100,000
Office Equipment 161,000 161,000
Gym Equipment 1,664.,000 194.375
Furnitures And Fixtures 544,950 544,950
Office Supplies 8,772 8,772

Total 2,478,722 1,009,097

Accumulated Depreciation 265,727 143,778
Net Value 2,212,995 865,319

TOTAL ASSETS 4,105,325 865,319

LIABLILITIES
Income Tax Payable 155,263 496,724
Total Liabilities 155,263 496,724

Owners Equity
Capital Stock 3,950,062 3,419,947
Retained Earnings 4,552,157 4,845,816
Total Owners Equity 8,502,219 8,265,763

TOTAL LIABILITIES AND OWNERS EQUITY 8,657,483 8,762,487

Year 3 Year 4 Year 5

5,191,614 8,346,297 12,548,151

5,191,614 8,346,297 12,548,151

100,000 100,000 100,000

161,000 161,000 161,000
1,858,375 1,858,375 1,858,375
544,950 544,950 544,950
8,772 8,772 8,772

2,673,097 2,673,097 2,673,097

399,505 399,505 399,505
2,273,592 2,273,592 2,273,592

7,465,206 10,619,889 14,821,743

917,225 1,352,007 1,800,795

917,225 1,352,007 1,800,795

6,547,951 9,267,882 13,020,949

4,930,133 5,021,255 5,119,781
11,478,084 14,289,137 18,140,730

12,395,340 15,641,145 19,941,524