Hotworx Ann Arbor - Arborland | Application Preview
Hotworx Ann Arbor - Arborland is seeking government grants to support working capital needs and potentially create one or two new payroll positions. The business aims to increase its membership by 35% and boost retail sales by 75%.
The reason for funding approval is based on Hotworx's status as the fastest growing fitness franchise in the U.S. The facility offers 24-hour access, infrared saunas, and virtual instructors, providing members with a unique and efficient fitness experience. Members benefit from shorter workout times, achieving results in just 15 to 20 minutes in the saunas.
While there are some indirect competitors, Hotworx stands out due to its innovative offerings and convenient access.
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General Information
Business Registration Number: 86-1758115
Location: Ann Arbor, MI, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
Funding will be used for working capital and to create at least 1 more payroll position, possibly two.
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Business Plan
Plan is to grow our current membership base by 35% and increase our retail output by 75%. HOTWORX is the fastest growing fitness franchise in America right now. With our 24 hr access for our members plus the benefits of our infrared saunas and virtual instructors, our members are set up for the ultimate fitness experience. An added bonus is our members only need about 15 to 20 mins in our saunas per workout to see results. More workout, less time!
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Self Identified Competition
No direct competitors, a few indirect. 24 hour access, virtual instructors, Infrared Saunas!
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Contact Applicant
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