OPS601 Generic Business Plan Template v1.0

BSBOPS601 - Develop and implement business plans
BUSINESS PLAN
Learner Name
Workplace/Organisation Bounce fitness
State/Territory Australia
Date Completed
1. Brief description of the business
Name of the business Bounce Fitness Studio Private Limited
Business structure The organization follows the “Australian Securities and

Investments Commission (ASIC)” business structure which is
fast, easy and less expensive for maintenance.
ABN 54145079545
ACN, if applicable 145079545
Date of establishment 14th August, 2014
Business Address Adelaide, SA 5000, Australia
Date of establishment Bounce Fitness Studio Private Limited
Add more rows as necessary
Business Plan Template Version 1.0 Produced 29 December 2020

© Precision Group (Australia) Page 1
2. Key people involved in the business plan (at least two)
Key people involved in the business plan can be the organisation’s key shareholders or leadership team of
the organisation or the leaders of teams involved in the business plan implementation.
Relationship with the organisation

Name Shareholding in the organisation (E.g. 100% owner, majority shareholder, minority
shareholder) or Work role at the organisation
jack Investors are the ones that put money into the company by
displaying and elaborating on the business strategy. By presenting the
appropriate business plan to the involved parties, the company may
expand its operations (Poradova, 2020).
sath The shareholder can acquire a general idea of the outcome in the
upcoming with the aid of the business strategy. The proprietor of the
business, as well as the staff, distributors, and suppliers, might all be
investors.
3. Products and services
Products relevant to the business plan (at least two)
Brief description of the product

Product name Must include details on features of the product, customer problems it solves, and
benefits it provides
Bounce Fitness seeks to position itself with Australia's top supplier

Glutamine
of fitness and wellbeing by promoting its brand via superior service and
Powder Ta
knowledge. The personnel of the center receive extensive training in
both dealing with customers to build a strong membership base and
competency standards upgrades.
Athletic Every facility has a shop area that sells athletic footwear, apparel,
footwear and other fitness-related products. There seems to be a tiny cafeteria that
is rented out to a company that sells light meals and drinks that are

healthful and low in calories. As a result, they create "Glutamine Powder

or Tablets" through this process, which aid in restoring muscle
development.
Services relevant to the business plan (at least two)
Brief description of the service

Service name Must include details on features of the service, customer problems it solves, and
benefits it provides
Personal With professional fitness trainers on hand, Bounce Fitness offers individualized,
Training one-on-one training sessions. Our personal training programs are made specifically for
Services: each client to meet their fitness objectives. We concentrate on finding solutions for
accomplishing specific fitness goals, such as weight loss, muscular growth, increased
endurance, or enhanced general health.
Group All fitness levels can participate in the range of group exercise courses offered
Fitness Classes: by Bounce Fitness. These classes include both high- and low-intensity workouts, such
as circuit training, Zumba, spinning, and yoga. Our group fitness sessions are designed
to address the issue of making exercise fun and social.

4. Financial resource requirements
Details of financial resource requirements
Capital required to implement the business plan $20000
Proposed use of funds (at least two) Proposed source of funds (at least one)
 $10,000 will be spent on facility expansion,

Bank Loan: To finance its business plan,
which will involve upgrading and enlarging
Bounce Fitness might be able to get a bank loan.
the current gym to make more room for
The conditions and interest rates of this loan could
members and introduce new services and
amenities. be discussed with a reputable financial institution
 Investing $100,00 in marketing and based on the company's creditworthiness and
promotion will help the organization bring business plan.
in new members and keep hold of current
ones. This might involve social media
Investor Funding: Looking for funding from
marketing, internet advertising, and
individual investors or venture capitalists is another
promotional activities.
feasible option. Potential investors in the fitness
sector who are prepared to contribute money in
exchange for stock or a cut of the company's profits
could be approached by Bounce Fitness with a
presentation of its business plan.
5. Human resource requirements
Details of human resource requirements, including at least one skilled labour requirement
Competencies for skilled labour

Type of
Type of employment Nature of At least one from specific skills,
labour employment knowledge, behavioural attributes,
Work Headcount Permanent qualifications and number of years
role required Skilled/ worker or Full-time or of experience
Unskilled Contract Part-time
worker If the type of labour is unskilled
labour, write NA
4 full time a marketing bachelor's degree,

marketin skilled permanent knowledge of digital marketing,
g worker strong communication skills, and
manager at least five years of experience in
the field.

1 full time Strong interpersonal skills, a

personal skilled permanent minimum of three years of
trainer worker experience, and extensive
understanding of both fitness and
nutrition are required of a certified
fitness trainer.

6. Physical resource requirements
Details of physical resource requirements
Quantity required
Resource required Type of resource (E.g. number of units, Nature of physical resource
weight, volume, area )
cardio Gym The provision of

equipment Equipment fitness services to members,
the encouragement of
10 treadmills,
cardiovascular health, and
8 stationary bikes, 6
the improvement of the
elliptical trainers
gym's aesthetic appeal all
depend on these cardio
machines.
Gym For strength training,

12 sets of
Weightlifting Equipment muscle development, and
dumbbells (various
Equipment broadening the workout
weights), 4 squat
options at Bounce workout,
racks, 8 bench
weightlifting equipment is
presses
essential.
7. Regulatory requirements
List all permits and licences that may be required for new activities being planned, along with
permit/licence type and the specific location where the permit/licence is required.
Permits
Specific location where the permit is required

Permit type Permit name
Must include postcode, city and state/territory
Building Construction Permit 2000, Sydney, NSW

Permit for Gym Expansion
Health and Health Department 3000, Melbourne, VIC

Safety Permit Clearance
Licenses

Specific location where the licence is required

Licence type Licence name
Must include postcode, city and state/territory
Food Fitness Center 4000, Brisbane, QLD

Handling License Operations License
Business Food Service License 5000, Adelaide, SA

Operating License for On-Site Café

8. Marketing strategy
a. Customer needs for relevant products and services
Customers who want professional fitness instruction, individualized exercise programs, and
access to cutting-edge equipment may get it from Bounce Fitness. It meets the need for a spotless fitness
space with inspiring instructors.
b. Target market for relevant products and services
Product or service Target market
Gym Memberships: People who want to work out in a fun, social setting while still
having access to the newest fitness trends and group classes.
Personal Training: Busy people seeking easy access to a gym and handy workout
options before or after work.
Nutrition Counseling People looking for safe and efficient activities to rebuild
strength and mobility after accidents or surgery.
Group Fitness Classes Individuals with particular health requirements, such as

expectant mothers, seniors, or patients looking for individualized
exercise programs.
c. Pricing structure for relevant products and services
For gym memberships, Bounce Fitness offers tier pricing with options for monthly, quarterly, and
yearly subscriptions. Prices for personal training are determined by the number and length of sessions,
with reductions offered for long-term commitments.
d. Marketing/distribution channels for relevant products and services (at least one)
Bounce Fitness employs a multichannel strategy, which includes:
 Local marketing through partnerships and activities in the community

 using social media
 memberships on a website
 referral campaigns to promote word-of-mouth advertising
e. Advertising and promotion methods for relevant products and services (at least one)

Bounce Fitness uses a variety of advertising and promotion strategies, including
 content marketing and social media advertising.

 regional print and radio adverts
 Special offers and discounts are available to new members.
 organizing community engagement activities and fitness challenges.

9. Financial indicators for the business plan
Financial indicators are statistics used to monitor the financial health and financial performance of the
business plan. Data for the financial indicators must be provided for one or more year – previous year,
current year or next year.
Along with the numerical data, the source from where the data has been taken must also be mentioned.
Year
Mention year
Financial indicator
Source – Relevant Source – Page
Amount
Document name number
Revenue $120000 bounce fitness 5
Net profit $100000 bounce 2

fitness
Cash flow $500000 bounce 3

fitness
Debt $100000 bounce 1

fitness
Shareholders’ equity $110000 bounce 1

fitness
Add more rows and columns as necessary

10. Productivity and performance targets for key result areas
Outline productivity and performance targets for key result areas
Productivity and Performance

Key Result Area Key Results Indicator
Target
1. Membership Key Performance Indicator Aim for at least 100 new

Growth members each month.
The quantity of new Continue to have a 90% or above

members. membership retention rate.
2. Revenue a. Monthly Income Achieve a $150,000 monthly

Generation income.
b. Average Revenue per Continue to generate an

Member average of $100 in monthly
revenue per member.
11. Sources of information and documents accessed to prepare the business plan
List the sources of information and documents accessed to prepare the business plan (e.g. organisational
documents, financial statements etc.)
 https://bouncefitness.precisiongroup.com.au/wp
 https://bouncev1.precisiongroup.com.au/w
 https://bouncev1.precisiongroup.com.au/a
END OF BUSINESS PLAN TEMPLATE


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BSBOPS601 - Develop and implement business plans

Workplace/Organisation Bounce fitness

1. Brief description of the business

Name of the business Bounce Fitness Studio Private Limited

Business structure The organization follows the “Australian Securities and

ACN, if applicable 145079545

Date of establishment 14th August, 2014

Business Address Adelaide, SA 5000, Australia

Date of establishment Bounce Fitness Studio Private Limited

Add more rows as necessary

Business Plan Template Version 1.0 Produced 29 December 2020

2. Key people involved in the business plan (at least two)

Relationship with the organisation

Add more rows as necessary

3. Products and services

Products relevant to the business plan (at least two)

Brief description of the product

Bounce Fitness seeks to position itself with Australia's top supplier

Business Plan Template Version 1.0 Produced 29 December 2020

healthful and low in calories. As a result, they create "Glutamine Powder

Services relevant to the business plan (at least two)

Brief description of the service

Add more rows as necessary

Business Plan Template Version 1.0 Produced 29 December 2020

4. Financial resource requirements

Details of financial resource requirements

Capital required to implement the business plan $20000

 $10,000 will be spent on facility expansion,

Add more rows as necessary

5. Human resource requirements

Competencies for skilled labour

4 full time a marketing bachelor's degree,

Business Plan Template Version 1.0 Produced 29 December 2020

1 full time Strong interpersonal skills, a

Add more rows as necessary

Business Plan Template Version 1.0 Produced 29 December 2020

6. Physical resource requirements

Details of physical resource requirements

cardio Gym The provision of

Gym For strength training,

Add more rows as necessary

Specific location where the permit is required

Building Construction Permit 2000, Sydney, NSW

Health and Health Department 3000, Melbourne, VIC

Business Plan Template Version 1.0 Produced 29 December 2020

Specific location where the licence is required

Food Fitness Center 4000, Brisbane, QLD

Business Food Service License 5000, Adelaide, SA

Add more rows as necessary

Business Plan Template Version 1.0 Produced 29 December 2020

a. Customer needs for relevant products and services

b. Target market for relevant products and services

Product or service Target market

Group Fitness Classes Individuals with particular health requirements, such as

c. Pricing structure for relevant products and services

Bounce Fitness employs a multichannel strategy, which includes:

 Local marketing through partnerships and activities in the community

Business Plan Template Version 1.0 Produced 29 December 2020

Bounce Fitness uses a variety of advertising and promotion strategies, including

 content marketing and social media advertising.

Add more rows as necessary

Business Plan Template Version 1.0 Produced 29 December 2020