Venture Concept No. 1

Opportunity

There is a great opportunity to bring community fitness centers to housing developments to cater to the fitness needs of the residents of Tallahassee.  Potential customers include residents of housing developments that don’t have the time in their busy days to drive several miles to their nearest gym or may not have the knowledge and motivation to reach their personal fitness goals. The forces in the environment that have created the opportunity is the strong desire for people to become healthier and feel great about themselves in a convenient and time efficient manner.  The most important environmental force is the influx of college graduates from Florida State and Florida A&M deciding to make Tallahassee their home due to the major infrastructural changes taking place and the plans to make the city more of a major metropolitan area.  The increase in population has had a direct effect on traffic in the city, which results in residents being less active.  Also, there are only two major gyms in Tallahassee that provide satisfactory service and equipment, which is Anytime Fitness and Planet Fitness.  Both of these gyms are located on the Northside of town and there are not great options for those residents living on the Southside of Tallahassee.  Currently, most customers are satisfying their needs by becoming members at one of the two major gyms in Tallahassee or exercising at home.  Most customers are only loyal to a particular gym as a result of the geographical convenience offered by the gym.  There is a huge opportunity to offer a convenient and different type of gym atmosphere to the people of Tallahassee.  The opportunity will be open for as long as college graduates continue to contribute to the population increase in Tallahassee.

Innovation

The concept of the gym will center around an offering of classes inspired by military special operations fitness routines such as Navy SEALS, Army Rangers, Pararescuemen, Combat Rescuemen, etc.  The gym will have a swimming pool to incorporate the routines of Navy SEALS but the classes would be modified to accommodate the fitness levels of gym members.  A level of integrity and respect would be maintained to prevent the perception that I actually served as member in these career fields.  I would only use the workout routines and not incorporate a “boot camp” style environment.  However, I would invite friends that served in these career fields to conduct week long “boot camp” style classes. Also, a variety of equipment and machines will be available for housing residents to utilize 24 hours a day.  Another source of revenue will be the Sankofa Cafè which will serve various health drinks, snacks, supplements, herbal teas, breakfast sandwiches, vegan/healthy cook books, and special ops workout literature.  The cost for gym membership will be $79.99 per month and $25 per month for each additional family member to have unlimited access to classes and gym equipment.  If you choose to only use the gym equipment with 24-hour access then membership is $29.99.  Non-residents of the housing development are welcome to the gym as well but will pay an additional $19.99 per month for gym membership.

Venture Concept

This business venture will address the issue of providing convenient fitness options to housing residents of Tallahassee by placing a fitness center in a housing development that offers on-site certified personal trainers to conduct classes.  Customers will pay for the gym membership because it’s within a very close proximity of their homes and offers classes used by some of the most physically elite group of individuals in the world.  Generally, people tend to revere members of special ops career fields because of their impeccable physical stature and the unique military mission that they have volunteered to risk their lives upon.  This will attract something similar to a cult following of people interested in challenging their bodies to realize incredible physical results.  Also, my main focus is to ensure people are treated and feel like family when they enter my gym.  People will be more inclined to switch gym memberships or remain a member at my gym if they feel as sense of family and care from myself and the staff.  I want gym members to know that I genuinely care for their well-being and it will not be very hard for them to switch their gym memberships because all gyms that I was a member of never made me feel as such.  My main competitors are Anytime Fitness and Planet Fitness.  Their main weakness is their lack of interaction with their members because their main focus is not offering classes to develop a personal relationship with their customers.  Their class offerings are more of an augmented service to their business model.  Their main weakness is the distance from their gym members’ homes.  The price point will make or break the success of the gym and I have to offer a reasonable price to bring an overflow of customers into the gym as well as keep my staff of certified personal trainers satisfied.  The customer experience is also key to the gym’s success because the fitness center’s main focus is a strong and positive personal relationship with our members.  The perfect location for the first location will be in the central part of Tallahassee because my main competition is on the Northside and there are not any great options for residents on the Southside.  If I locate the business in the central part of the city then I can grab a good portion of members from my competition while also catering to the needs of those living on the Southside.  More specifically, the fitness center will be located directly outside of the housing development so as to not affect traffic flow within the residential area and still serve non-residents of that community.  I would staff the gym with about three instructors and two part-time employees to work the Sankofa Cafè (only one employee needed per shift).  Most importantly, I need a CPA to manage the finances of the business.