Projected Income and Expenses
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Projected Income and Expenses
Gym and Fitness Centre Projected Income and Expenses
The Gym and Fitness Centre at MAFHH HOME Peace & Serenity Village is designed to cater to both residents and visitors, offering state-of-the-art equipment, group fitness classes, and personal training services. Below is a detailed projection of income and expenses for this facility.
Income Projection
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- Estimated Number of Members: 150
- Average Monthly Membership Fee: £35
- Total Monthly Income: 150 members * £35 = £5,250
- Total Annual Income from Memberships: £5,250 * 12 = £63,000
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- Estimated Participation: 30% of members (45 members)
- Average Monthly Spend per Participating Member: £50
- Total Monthly Income from Additional Services: 45 members * £50 = £2,250
- Total Annual Income from Additional Services: £3,250 * 12 = £39,000
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- Income from Memberships: £63,000
- Income from Additional Services: £39,000
Projected Income and Expenses
Summary
Total Annual Income:
10-Bedroom Villa: £123,600
Event Hall: £350,000
Combined: £473,600
Total Annual Expenses:
10-Bedroom Villa: £61,000
Event Hall: £130,000
Combined: £191,000
Total Net Annual Income:
Combined: £282,600
This projected income and expenses outline demonstrates the potential profitability of the 10-bedroom villa and event hall within the MAFHH HOME Peace & Serenity Village project.
Projected Income and Expenses
Expenses Projection
- Manager:
- Monthly Salary: £2,000
- Annual Salary: £2,000 * 12 = £24,000
- Trainers (2 trainers):
- Monthly Salary per Trainer: £1,800
- Total Monthly Salary for Trainers: £1,800 * 2 = £3,600
- Annual Salary for Trainers: £3,600 * 12 = £43,200
- Receptionist:
- Monthly Salary: £1,500
- Annual Salary: £1,500 * 12 = £18,000
- Total Annual Staff Costs: £24,000 (Manager) + £43,200 (Trainers) + £18,000 (Receptionist) = £85,200
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- Estimated Annual Costs: £12,000
- Includes electricity, water, heating, and regular maintenance of gym equipment.
- Estimated Annual Costs: £12,000
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- Estimated Annual Costs: £3,800
- Covers liability insurance, equipment insurance, and any necessary licenses.
- Estimated Annual Costs: £3,800
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- Estimated Annual Costs: £5,000
- Budget allocated for promoting the gym, attracting new members, and retaining existing ones.
- Estimated Annual Costs: £5,000
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- Estimated Annual Costs: £2,000
- Includes office supplies, cleaning materials, and other minor operational costs.
- Estimated Annual Costs: £2,000
- Staff Costs: £85,200
- Utilities and Maintenance: £12,000
- Insurance and Licensing: £3,800
- Marketing and Advertising: £5,000
- Supplies and Miscellaneous: £2,000
The Gym and Fitness Centre is projected to generate an annual income of £102,000. However, with total annual expenses of £108,000, there is a projected annual deficit of £6,000. This shortfall suggests that additional revenue streams or cost-saving measures need to be considered to ensure the financial sustainability of the gym. Potential strategies could include increasing membership fees, expanding personal training services, or reducing staff costs through part-time or freelance trainers.
Total Annual Expenses: £108,000
Projected Income and Expenses
Summary
Total Annual Income:
10-Bedroom Villa: £123,600
Event Hall: £350,000
Combined: £473,600
Total Annual Expenses:
10-Bedroom Villa: £61,000
Event Hall: £130,000
Combined: £191,000
Total Net Annual Income:
Combined: £282,600
This projected income and expenses outline demonstrates the potential profitability of the 10-bedroom villa and event hall within the MAFHH HOME Peace & Serenity Village project.
Projected Income and Expenses
Summary
Total Annual Income:
10-Bedroom Villa: £123,600
Event Hall: £350,000
Combined: £473,600
Total Annual Expenses:
10-Bedroom Villa: £61,000
Event Hall: £130,000
Combined: £191,000
Total Net Annual Income:
Combined: £282,600
This projected income and expenses outline demonstrates the potential profitability of the 10-bedroom villa and event hall within the MAFHH HOME Peace & Serenity Village project.