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Pages:
10
Words:
2754
Sources:
3
Style:
APA
Type:
Business Plan
Language:
English-US
Document:
DocX
Date:
2022-03-04 14:53:34
Total cost:
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Topic:

Feasibility Study StrongAF Training and Fitness Center

Content:
About 20% of the American population are members of fitness clubs. Such information shows that StrongFA training center has a better market in the Los Angeles town. The initial customers would come from the communities residing or working on the premises. Significant resources required in the setup of the premise includes gym equipment, trainers, space, and other resources. The initial starting cost is high, but in the long run, the revenue might exceed the initial cost, thereby creating profit. The company's primary competitive advantage includes the use of technology, customer knowledge, pricing, and product customization. The data collected shows that Los Angeles has a market bigger enough to be served by the StrongFA training center. Barriers to market exit include high investment costs, while barriers to entry include lack of knowledge, lack of resources, and inadequate market research.
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