AGREEMENTS

LICENSE

Below is the link to Team Drive Folder that includes agreement + 4 Exhibits

These Agreements are in google doc format to make suggestions easier.

Once all parties agree, these can be sent with Dropbox Sign

CONSULTING

Below is the link to the Consulting Service Level Agreement

This Agreement are in google doc format to make suggestions easier.

Once all parties agree, these can be sent with Dropbox Sign

OBJECTIVE

VISION

Insert a proven semi-private model (Thrive) into DNA of of Fitness International, LLC.

This button takes you to the proposal page

See email for password to open proposal file

WHAT

What we do

  • Breakdown of the model

  • Programming Systems

  • Education

  • About 30 minutes

up to speed with what MBSC Thrive is

HOW

How we will do it

  • Specific to LA Fitness

  • Semi-private vs 1:1 PT model

  • Facility Design

  • About 25 minutes

how this could work for LA Fitness

ROI'S & KPI'S

PPS (price per session)

Here is the breakdown if we arrived at a PPS of $35 on average:

  • Trainer pay out average $10.50 per session (30%)

  • Management (salary+bonus) 12-15%

  • Senior Leadership 2-3% (adjusted by region

  • License+Consulting 2-3% (long term)

  • Direct Expense 51% 4-wall EBITA

  • Operating margin 45-50%

Per Coach

Our goal is to provide the coach with the acquisition & fulfillment tools to reach 60 active clients in 12-18 months

>> This is approximately $200K gross income per coach for location

This position to the coach to earn $60-80K year 2

Potential to earn more as they mature

This can be achieved in under 30 training hours per week + 5-8 hours of administrative responsibilities

Per Location

Launch a location with one manager and 4-6 FT "thrive" trainers

3-6 Month Sprint (hyper-growth) to 200 active clients

$280 avg monthly dues per client

$56k/mo with steady recurring net revenue for next 12 months

Year 1 = 35-45% operational profit margin

Year 2+ = 45-55% operational profit margin

For Fitness International

We would like to guide the personal training departments in building a predictable and scalable model company-wide over the next 5 years. In order to achieve this, we need process-driven systems with the "program" at the core.

Aim for

  • $750K-$1M gross per location

  • Attractive Margin

  • 92-95% month over month client retention company wide (built on quality assurance)

  • High Trainer (employee) retention per industry standard

  • Location Level Trainer & Management Competitive Compensation

1,000 SQ POD

  • Max 4 Thrive Trainers (2 per shift)

  • 2 Groups per hour

  • 16 Clients per hour

  • 150-175 total clients capacity

1,500 SQ FT POD

  • Max 6 Thrive Trainers (3 per shift)

  • 3 Groups per hour (tight)

  • 24 Clients per hour

  • 200-225 total clients capacity

2,500 SQ FT POD

  • Max 8 Thrive Trainers (4 per shift)

  • 4 Groups per hour

  • 32 Clients per hour

  • 350-400 total clients capacity

DESIGNED AROUND THE PROGRAM

Not Fads

Design for flow

Launch new groups every 15-30 minutes