Infinity Spin | Application Preview
Infinity Spin is seeking government grant funding to establish a new spin studio aimed at promoting health and fitness for individuals of all ages. The business plans to utilize the funds for purchasing spin bikes, installing necessary lighting and sound systems, developing a daycare facility for clients with children, and acquiring educational materials focused on fitness and spinning.
The business model hinges on the increasing demand for spin classes, which the owner has noted over the past five years. The objective is to expand the studio's offerings and educate clients on the benefits of spinning as a comprehensive fitness activity. The current local spin option is limited, with only one facility accommodating 11 clients at a time, and it is insufficient for a community of 30,000.
There is minimal competition, as the existing gym offers only 2 to 4 classes per week, primarily attracting a female clientele. Infinity Spin aims to create a welcoming environment for everyone, regardless of age, gender, or fitness level, by providing a dedicated spin studio with a wider variety of class options.
The competitive advantage lies in offering a fully-equipped, dedicated spin studio with multiple daily classes, addressing the demand that has not been met by existing providers. Infinity Spin is committed to filling this gap and ensuring that clients have ample opportunities to participate in spin classes, enhancing their fitness journeys.
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General Information
Business Registration Number: 126 Cypress Pt
Location: Paragould, AR, United States
Length of Operation: None
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
This is a new business for all ages to get healthy. We do not a solo spin studio within 50 miles of our town. Funding would be used to purchase bikes, necessary lighting and sound system, developing a daycare room for clients with children, education literature on fitness and spinning.
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Business Plan
Spinning is a great way to stay forever fit. I have watched the need and want for spin classes over the last 5 years. I would grow this business with every opportunity to offer more classes and teach what spin does for you. Adding bikes and growing studio space is the goal. Spin is a sport that anyone can do! It’s great for all ages and will be offered to everyone. Spin is a total body workout that is great for everyone. We have one small spin space in a local gym. It has a space for 11 clients, That is the only spin within 50 miles of a town with a population of 30,000
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Self Identified Competition
There is only one other place in our town that offers spin. They only offer between 2-4 spin classes PER WEEK. It is mostly females. I want to have a studio where no matter age, gender, or fitness level, everyone feels like they have a place where they are comfortable. I would have a new studio that is dedicated to spin and has a number of classes available. Clients will have numerous opportunities to join us everyday! Peak Fitness has 2 spin instructor that wear many hats, leaving members with few options to get in a class . I would offer as many classes as possible to fill the needs of my clients.
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Contact Applicant
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