Mangrove Tactical LLC | Application Preview
Mangrove Tactical LLC is seeking government grants primarily to finance the purchase of real estate, construction, and equipment for a new health and wellness center in the 34212 area. This initial funding will cover roughly half of the estimated costs for creating a top-tier, veteran-owned facility focused on fitness and wellness.
The business plan outlines an ambitious approach to become the leading non-chain fitness center in a growing market, aiming for a conservative membership growth of 25-30% annually. In addition to traditional fitness offerings, the facility plans to provide personal training, wellness services, and high-margin in-house products, as well as venture into associated markets such as health drinks and functional fitness courses.
The applicant's background as a fighter pilot in the Marine Corps informs their strategic decision-making, emphasizing the importance of seizing opportunities while managing risks. They believe that filling the current local gap in fitness options will allow them to dominate the market due to their non-chain status, giving them a unique advantage.
In terms of competition, Mangrove Tactical LLC highlights the shortcomings of other local fitness centers: LA Fitness is seen as overcrowded, Crunch Fitness is viewed as misleading in its contract practices, and Crossfit 941 is limited in scope. The company sets itself apart by offering superior client service, cutting-edge equipment from brands like Sorinex and Rogue, and a range of amenities including towel service, locker rooms, and a spa and coffee lounge, creating a more inviting and community-focused atmosphere than typical gyms.
-
General Information
Business Registration Number: 92-1072278
Location: Bradenton, FL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
-
Funding Usage
To fund the initial purchase of real estate, building and equipment to begin operations. This number is approximately half of the cost of what I estimate will be to build a state-of-the-art Veteran-owned health and wellness facility in the 34212 zip code.
-
Business Plan
As the premiere non-globe fitness and wellness facility in the rapidly expanding 34212 zip code, conservatively expand membership by 25-30% year over year, add personal training, wellness services, and in-house wellness products. Will expand into associated markets to include health drinks/coffee, functional fitness, as well as various courses at a high margin. Serving as a fighter pilot in the United States Marine Corps (and my continued service as an instructor pilot in the Navy reserves) required agile, rapid thinking and sound assessments of your environment. We are told to strike at open opportunities but never to take unnecessary risk. While I won't be landing on an aircraft carrier any longer, I plan to serve our community as the premier non-chain fitness facility in our rapidly expanding area. We are already short on fitness/health clubs, and with the flexibility of not being a chain/globo-gym, we have a significant competitive advantage to cater to our growing market.
-
Self Identified Competition
1) LA Fitness - overcrowded, no etiquette, and doesn't even offer a basic towel service 2) Crunch Fitness - your standard sleazy globo-gym that tricks you into signing a contract; then takes an act of congress to cancel 3) Crossfit 941 - a small facility solely focused on "functional fitness" We are agile, not attached to any chain, and will provide a higher level of client service you don't get at the other fitness clubs. Going to have actual state-of-the-art equipment: Sorinex and Rogue, Peloton Bikes, etc and not your basic "Life Fitness" or "Matrix" equipment that never stays well-maintained. The functional fitness side will supplement the traditional fitness side, but will not be a compromise or an afterthought. Clients can expect full towel service, locker rooms, spa and coffee lounge: a more welcoming place to gather than just an in-and-out fitness facility.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
