FIN202 Group 2 Group Assignment 1 mẫu

10/9/23, 11:00 PM FIN202 Group 2 Group Assignment 1
Table of Contents
I. Introduction.....................................................................................................3
II. SWOT Analysis................................................................................................3
2.1. Strength........................................................................................................3
2.2. Weakness......................................................................................................4
2.3. Opportunity..................................................................................................5
2.4. Threat...........................................................................................................5
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Table of Contents
I. Introduction.....................................................................................................3
II. SWOT Analysis................................................................................................3
2.1. Strength........................................................................................................3
2.2. Weakness......................................................................................................4
2.3. Opportunity..................................................................................................5
2.4. Threat...........................................................................................................5
III. Marketing Mix.................................................................................................5
3.1. Product.........................................................................................................5
3.2. Place..............................................................................................................6
3.3. Price..............................................................................................................6
3.4. Promotion.....................................................................................................7
IV. Financial Analysis............................................................................................8
4.1. Start-up expense..........................................................................................8
4.1.1. Gym and physical therapy equipment expenses....................................8
4.1.2. Functional foods expenses...................................................................11
4.1.3. Other expenses.....................................................................................11
4.2. Depreciation and salvage..........................................................................12
4.3. Operating expense.....................................................................................13
4.3.1. Fixed cost (FV).....................................................................................13
4.3.2. Variable Cost (VC)..............................................................................15
4.3.3. Operating expense...............................................................................15
4.4. Revenues.....................................................................................................15
4.5. Free cash flow............................................................................................17
4.6. Payback period and discounted payback period....................................18
4.7. Internal rate of return (IRR) and modified internal rate of return
(MIRR)
18
V. Conclusion......................................................................................................19
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I. Introduction
With the desire to create an environment for exercise and relaxation, bringing new
vitality and balance to people's lives, we plan to have a strategy of investing
and developing Flex Training Gym & Physical Therapy (FTG&PT). Flex
Training Gym & Physical Therapy model includes a gym room, functional food
sales area and a physical therapy room. The equipment system of the gym is
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modernly
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I. Introduction
With the desire to create an environment for exercise and relaxation, bringing new
vitality and balance to people's lives, we plan to have a strategy of investing
and developing Flex Training Gym & Physical Therapy (FTG&PT). Flex
Training Gym & Physical Therapy model includes a gym room, functional food
sales area and a physical therapy room. The equipment system of the gym is
modernly designed with a cool and clean space to provide people with useful
exercises, help to lose weight as well as gain muscle effectively and at the same
time, it helps to improve health and helps people to think more positively and
have a comfortable mind. Plus, there are functional foods for gymers to help
improve strength and increase exercise performance... During the Covid
epidemic, everyone needs advice on health, exercises to increase their health
and to support those who are afraid to leave the house because of fear of the
epidemic, we set up a website to sell gym equipment, functional foods, advise
and support to register for gym and fitness services therapy at home. FTG&PT
also owns a team of professional trainers and doctors with many years of
experience, giving the best service to everyone.
II. SWOT Analysis
2.1. Strength
- Price policy:
We provide our customers with a transparent and clear pricing policy. The
price is suitable for each age group from students to working people through
combo packages from silver to diamond (price range from 450,000VND –
3,000,000VND). Besides, we will give some incentives to events so that
customers can join and register to become a member of the gym. Of course, the
newly opened business is in the stage of market penetration. We will try to
offer special discounts for first-time members to register as well as high value
gym packages will also be attractively discounted by us. Reasonable pricing
combined with quality per session is one of the strengths of our gym.
- About the location of the gym:
We chose a location in District 1, Ho Chi Minh City, which is densely
populated and predicted that this would be a place with many potential
customers. The location near the apartment is also a place to attract young
people, nowadays people's needs tend to want to improve their physique and
exercise, so we choose a densely populated place to be more convenient in
moving.
- About facilities:
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We carefully invest in equipment and machinery from the gym from the customer
care stage by providing massage services after customers have tired training along
with a variety of supplements to help them relax suitable for many needs of
customers, all are arranged and divided into reasonable areas. The gym will
give customers a great experience during exercise. In addition, combined with
the sound system, melodies in each exercise will help customers feel excited and
have a good time practicing with us.
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We carefully invest in equipment and machinery from the gym from the customer
care stage by providing massage services after customers have tired training along
with a variety of supplements to help them relax suitable for many needs of
customers, all are arranged and divided into reasonable areas. The gym will
give customers a great experience during exercise. In addition, combined with
the sound system, melodies in each exercise will help customers feel excited and
have a good time practicing with us.
- About the coach:
The team of coaches are well-trained and experienced in teaching subjects such
as Gym with in-depth knowledge of aspects such as counseling on complementary
foods and appropriate relaxation procedures to be able to simultaneously
support our business. Besides, the coach has guided and helped some previous
clients and they have achieved the expected results. Our gym will provide
customers with exercises designed by the trainer for each person (for the
Personal Trainer class).
- About business activities:
Our current business model is combining tradition and digital transformation. We
are trying to provide our services through popular social platforms today,
providing consulting service packages. Assist with exercises and also sell
dietary supplements on the platform.
2.2. Weakness
- About branches:
According to the survey, it can be seen that customer demand is increasing and it
can be exploited in many areas. However, because we are a new business, we
cannot open more branches across the country. Because we initially spent a
large amount of capital to invest in equipment, not to mention with immature
experience. Chain management will be especially difficult. This will make it
difficult for remote clients to attend our training sessions.
- About the brand:
Due to the new entry into the bodybuilding service market, the brand is still
new to customers, the gym needs to invest more in marketing to attract more
potential customers.
- Classroom:
Because the gym is newly established, the operation of the gym is still limited, so
it has not been able to meet the needs of customers.
- Additional foods and massage services:
Of course, as mentioned, because it is a new gym, it has not been able to approach
and work with many customers, so the provision of suitable products and services
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is still limited. Not to mention today on the market there are many poor
qualities products that reduce the reputation of the product.
2.3. Opportunity
- The needs of guests are increasing, so delivering quality from the training sessions
is the responsibility of our gym. Customers need a comfortable training
environment, clean, cool space, along with the excitement combined with the
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is still limited. Not to mention today on the market there are many poor
qualities products that reduce the reputation of the product.
2.3. Opportunity
- The needs of guests are increasing, so delivering quality from the training sessions
is the responsibility of our gym. Customers need a comfortable training
environment, clean, cool space, along with the excitement combined with the
coach to make customers have a great experience at our gym.
- Modern equipment, providing a full range of essential items during exercise from
Gym to Yoga helps the practitioner feel comfortable and has good reviews of the
quality of the gym.
- Our gym creates classes from basic to advanced, suitable for each age,
combined with exercises from a team of professional coaches to help customers
achieve the best results after a training process.
- With a business model with digital transformation, our gym will have the
opportunity to reach out to potential customers and at the same time can reduce
marketing costs.
2.4. Threat
On the competitive market: We just entered the Fitness market, so the brand will
still be unfamiliar to everyone. Compared to other fitness centers that have been
around for a long time and already have a certain customer base. Attracting
customers through advertising campaigns is very expensive, because we have
just entered the market, our budget is limited. Other centers already have
many branches across the country and they meet the needs of customers.
III. Marketing Mix
3.1. Product
- FTG&PT is a gymnasium, also known as a healthy club and fitness center.
FTG&PT is a large room with equipment for exercising the body and
increasing strength or a club where you can go to exercise and keep fit.
- Our gym offers customers with exercises and a healthy diet which are suggestions
from the coaches. To suit for everyone and every age group, we also have PTs
who will be your personal trainer, they will give you advice and information
about your physical condition. In addition, our gym provides a latest
equipment
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and exercise courses like Cardio, Fitness, ... We also provide the customer
with services such as:
• Physical therapy.
• Functional foods.
• Safe weight loss.
• Cardio.
• Website for selling equipment, functional foods and booking for physical
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and exercise courses like Cardio, Fitness, ... We also provide the customer
with services such as:
• Physical therapy.
• Functional foods.
• Safe weight loss.
• Cardio.
• Website for selling equipment, functional foods and booking for physical
therapy.
3.2. Place
District 1, Ho Chi Minh city is the best place that is suitable for a gym
because it is a populous place and the needs of the gym are very high. We
choose a location which is near apartments so people could move to the gym
conveniently.
3.3. Price
Price of service:
Service: Price
Gym (Silver package) 450.000đ/month
Gym (Gold package) 1.500.000đ/month
Gym (Diamond package) 3.000.000đ/month
Fitness Personal Trainer 5.000.000đ/month
Physical massager 500.000đ/time
Infrared muscle massager 700.000đ/time
Carbon steam mechanical chiller 1.000.000đ/time
Price of Functional foods:
Functional foods Price
Whey RSP ISOLEAN 1,800,000đ/bottle
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Whey 2lb 1,000,000đ/bottle
Whey Protein Powder 1,250,000đ/bottle
Whey Tech 1,850,000đ/bottle
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Whey Blend 2lb 600,000đ/bottle
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Whey 2lb 1,000,000đ/bottle
Whey Protein Powder 1,250,000đ/bottle
Whey Tech 1,850,000đ/bottle
Whey Blend 2lb 600,000đ/bottle
Whey Protein Isolate VP2 750,000đ/bottle
Whey Isolate BiPro Elite 800,000đ/bottle
Whey Gold MuscleTech 5.5lbs 1,500,000đ/bottle
Whey Iso XP 1,900,000đ/bottle
Whey TRUE FIT CHOCOLATE 1,920,000đ/bottle
3.4. Promotion of FTG&PT

Providing newcomers with a 7-day gym pass (Just apply with gym room)
During a 7-day trial, customers can experience our gym’s culture, customer
services, and equipment.
Offer Free 1-On-1 Personal Training Sessions (7 days for newcomers)
- Nothing is more frustrating for a new gym-goers than trying to figure out
what to do at the gym.
- FTG & PT found that over 20% of people avoid gyms because they might
feel out of place.
- Our gym center will give personal trainers with:
• High experience and professional attitude.
• Certificate of PT gym.
• With good looks are the best way for PTs to demonstrate their abilities
in FPG & PT.
Provide Free Nutritional Planning or a Meal Plan
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- Weight-loss is crucial progress that gymers concern. Therefore, we need an

appropriate meal plan for each gymers.
- If you are members of FTG & PT, our service will provide you Free
Nutritional Planning or a Meal Plan that suit for you and for your body
condition.
System Whey Protein store in gym center, advise and conduct he most
effective way to use Whey Protein muscle milk for gymers
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- Weight-loss is crucial progress that gymers concern. Therefore, we need an

appropriate meal plan for each gymers.
- If you are members of FTG & PT, our service will provide you Free
Nutritional Planning or a Meal Plan that suit for you and for your body
condition.
System Whey Protein store in gym center, advise and conduct he most
effective way to use Whey Protein muscle milk for gymers
- FTG & PT have cooperated with Whey Protein store in gym center.
- To serve for what gymers need to develop body and muscle.
- Sale 20% for members have joined FTG & PT for 4 months.
Physical therapy clinic for customer
- Injuries cannot avoid when we practice.
- Physical therapists will use techniques to directly or indirectly affect the
human body, thereby causing stimulation to treat a certain health problem.
- Monitor patients and supervise them during physical therapy treatment.
- Regularly check the status of equipment and machines that support patients to
practice movements to ensure they work properly and are safe for the patient
to use.
- Officially licensed by the Department of Health.
- Clean, friendly and warm medical examination and treatment environment.
- A team of good, experienced and certified doctors.
- Safe and effective treatment method, clinically tested over 98%.
- Quality medical examination and treatment service is dedicated, thoughtful and
time-saving.
IV. Financial Analysis
4.1. Start-up expense
4.1.1. Gym and physical therapy equipment expenses
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List Quantity Price Total
Belly vibrator 5 2,500,000 12,500,000
Massage vibrator 5 6,500,000 32,500,000
Weightlifting 30kg 10 600,000 6,000,000
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Belly vibrator 5 2,500,000 12,500,000
Massage vibrator 5 6,500,000 32,500,000
Dumbbell 30kg 15 550,000 8,250,000
Dumbbell 20kg 15 500,000 7,500,000
Dumbbell 10kg 15 450,000 6,750,000
Dumbbell 5kg 15 350,000 5,250,000
Bicycle machine 5 7,000,000 35,000,000
Elliptical 5 27,000,000 135,000,000
Commercial treadmill 5 30,000,000 150,000,000
Row 5 15,500,000 77,500,000
Shoulder press 5 18,000,000 90,000,000
Assisted chin dip 5 20,000,000 100,000,000
Leg extension 5 17,000,000 85,000,000
Horizontal leg curt 5 17,500,000 87,500,000
Straight bar 2m2 10 1,600,000 16,000,000
Straight bar 1m8 10 1,400,000 14,000,000
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Straight bar 1m2 10 950,000 9,500,000 ₫
High pulley 5 14,500,000 72,500,000
Seated horizontal pulley 5 1,400,000 7,000,000
Chest Press 5 16,500,000 82,500,000
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Straight bar 1m2 10 950,000 9,500,000 ₫
High pulley 5 14,500,000 72,500,000
Seated horizontal pulley 5 1,400,000 7,000,000
Chest Press 5 16,500,000 82,500,000
Scott bench 5 4,500,000 22,500,000
Multi adjustable bench 5 4,000,000 20,000,000
Flat bench 5 3,000,000 15,000,000
Seated calf machine 5 4,500,000 22,500,000
Adjustable Web Board 5 5,500,000 27,500,000
Roman chair 5 5,000,000 25,000,000
Decline Bench 5 6,500,000 32,500,000
Incline Bench 5 6,000,000 30,000,000
Weight Bench 5 5,500,000 27,500,000
Incline squat machine 5 16,500,000 82,500,000
Smith machine 5 22,000,000 110,000,000
Squat rack 5 11,000,000 55,000,000
Functional trainer 5 25,000,000 125,000,000
Deadlift 5 5,000,000 25,000,000
Hack squat 5 16,000,000 80,000,000
Physical massager 5 5,000,000 25,000,000
Infrared muscle massager 5 10,000,000 50,000,000
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Carbon Steam Mechanical

Chiller 2 100,000,000 200,000,000
Total 2,025,250,000
4.1.2. Functional foods expenses
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Carbon Steam Mechanical

Chiller 2 100,000,000 200,000,000
Total 2,025,250,000
4.1.2. Functional foods expenses
Whey RSP ISOLEAN 50 1,650,000 82,500,000
Whey 2lb 50 700,000 35,000,000
Whey Protein Powder 50 1,050,000 52,500,000
Whey Tech 50 1,690,000 84,500,000
Whey Blend 2lb 50 475,000 23,750,000
Whey Protein Isolate VP2 50 620,000 31,000,000
Whey Isolate BiPro Elite 50 600,000 30,000,000
Whey Gold MuscleTech

5.5lbs 50 1,290,000 64,500,000
Whey Iso XP 50 1,700,000 85,000,000
Whey TRUE FIT

CHOCOLATE 50 1,720,000 86,000,000
Total 574,750,000
4.1.3. Other expenses
Repair cost 1 100,000,000 100,000,000
Table + Chair 1 5,000,000 5,000,000
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Computer 1 14,000,000 14,000,000
Magnetic card 1 1,500,000 1,500,000
Air conditioning 5 15,000,000 75,000,000
Mirror 1 40,000,000 40,000,000
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Computer 1 14,000,000 14,000,000
Magnetic card 1 1,500,000 1,500,000
Air conditioning 5 15,000,000 75,000,000
Mirror 1 40,000,000 40,000,000
Camera 5 15,000,000 75,000,000
Electric lighting system 50 380,000 19,000,000
Poster 15 1,500,000 22,500,000
Sign 1 8,000,000 8,000,000
Audio speakers 2 12,000,000 24,000,000
Ventilators 4 5,000,000 20,000,000
Television 3 13,000,000 39,000,000
Lockers 3 30,000,000 90,000,000
Medicine Cabinet 1 3,000,000 3,000,000
Fridge 1 2,300,000 2,300,000
Antibacterial Hand Sanitizer 10 70,000 700,000
Total 539,000,000
4.2. Depreciation and salvage
List Cost Time Depreciation
Table + Chair 5,000,000 5 1,000,000
Computer 1,500,000 5 300,000
Magnetic card 75,000,000 5 15,000,000
Air conditioning 40,000,000 5 8,000,000
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Mirror 75,000,000 5 15,000,000
Camera 19,000,000 5 3,800,000
Electric lighting system 22,500,000 5 4,500,000
Poster 8,000,000 5 1,600,000
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Mirror 75,000,000 5 15,000,000
Camera 19,000,000 5 3,800,000
Electric lighting system 22,500,000 5 4,500,000
Poster 8,000,000 5 1,600,000
Sign 24,000,000 5 4,800,000
Audio speakers 20,000,000 5 4,000,000
Ventilators 39,000,000 5 7,800,000
Television 90,000,000 5 18,000,000
Lockers 3,000,000 5 600,000
Medicine Cabinet 2,300,000 5 460,000
Fridge 2,300,000 5 460,000
Gym - all equipment 2,025,250,000 5 405,050,000
Total 490,370,000
4.3. Operating expense
4.3.1. Fixed cost (FV)

From year 1-3:
Fixed cost 1-3 Quantity Month Year
Rental cost 1 70,000,000 840,000,000
Accountant 1 10,500,000 126,000,000
Reception 2 7,500,000 180,000,000
Guard 4 6,500,000 312,000,000
Housekeeping Staff 1 6,500,000 78,000,000
Coach Gym 5 12,000,000 720,000,000

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Cost of marketing 12 13,000,000 156,000,000
Maintenance costs 2,500,000 30,000,000
Wifi 1 400,000 4,800,000
Design 1 16,000,000 192,000,000
Physiotherapist 2 20 000 000 960 000 000
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Wifi 1 400,000 4,800,000
Design 1 16,000,000 192,000,000
Physiotherapist 2 20,000,000 960,000,000
Sanitation worker 4 6,500,000 312,000,000
Total 3,910,800,000
From year 4-5:
Fixed cost 4-5 Quantity Month Year
Rental cost 1 70,000,000 840,000,000
Accountant 1 12,000,000 144,000,000
Reception 2 7,500,000 180,000,000
Guard 4 6,500,000 312,000,000
Housekeeping Staff 1 6,500,000 78,000,000
Coach Gym 8 12,000,000 1,152,000,000
Wifi 1 450,000 5,400,000
Design 1 16,000,000 192,000,000
Physiotherapist 2 25,000,000 600,000,000
Electricity and water 1 3,580,000 42,690,000
Sanitation worker 4 6,500,000 312,000,000
Total 4,001,400,000
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4.3.2. Variable Cost (VC)
Sales and Marketing Service fee(water) Total
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4.3.2. Variable Cost (VC)
Service fee(water) Total

Sales and Marketing
Year 1 156,000,000 6,000,000 48,690,000
Year 2 45,500,000 7,800,000 53,300,000
Year 3 50,400,000 8,700,000 59,100,000
Year 4 60,480,000 10,320,000 70,800,000
Year 5 70,480,000 12,480,000 82,960,000
4.3.3. Operating expense
FC VC Total
Year 1 3,910,800,000 48,690,000 3,959,490,000
Year 2 3,910,800,000 53,300,000 3,964,100,000
Year 3 3,910,800,000 59,100,000 3,969,900,000
Year 4 4,001,400,000 10,320,000 4,011,720,000
Year 5 4,001,400,000 12,480,000 4,013,880,000
4.4. Revenues
Service Price Quantity Total
Package Silver
(GYM) 450,000 62 27,900,000
Package Gold (GYM) 1,500,000 43 64,500,000
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Package Diamond
(GYM) 3,000,000 30 90,000,000
Fitness PT 5,000,000 37 185,000,000
Physical massager 500,000 22 11,000,000
infrared muscle
massager 700 000 14 9 800 000
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Package Diamond
(GYM) 3,000,000 30 90,000,000
Fitness PT 5,000,000 37 185,000,000
Physical massager 500,000 22 11,000,000
infrared muscle
massager 700,000 14 9,800,000
Carbon Steam
Mechanical Chiller 1,000,000 10 10,000,000
Whey RSP ISOLEAN 1,800,000 15 27,000,000
Whey 2lb 1,000,000 9 9,000,000
Whey Protein Powder 1,250,000 11 13,750,000
Whey Tech 1,850,000 12 22,200,000
Whey Blend 2lb 600,000 9 5,400,000
Whey Protein Isolate

VP2 750,000 16 12,000,000
Whey Isolate BiPro

Elite 800,000 18 14,400,000
Whey Gold
MuscleTech 5.5lbs 1,500,000 7 10,500,000
Whey Iso XP 1,900,000 7 13,300,000
Whey TRUE FIT

CHOCOLATE 1,920,000 8 15,360,000
Total 541,110,000
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4.5. Free cash flow
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Revenues 6,493,320,000 6,493,320,000 6,493,320,000 6,493,320,000 6,493,320,000
(-) Op Ex 3,959,490,000 3,964,100,000 3,969,900,000 4,011,720,000 4,013,880,000
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4.5. Free cash flow
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Revenues 6,493,320,000 6,493,320,000 6,493,320,000 6,493,320,000 6,493,320,000
(-) Op Ex 3,959,490,000 3,964,100,000 3,969,900,000 4,011,720,000 4,013,880,000
EBITDA 2,533,830,000 2,529,220,000 2,523,420,000 2,481,600,000 2,479,440,000
(-) D&A 490,370,000 490,370,000 490,370,000 490,370,000 490,370,000
EBIT 2,043,460,000 2,038,850,000 2,033,050,000 1,991,230,000 1,989,070,000
x (1-t) 0.8 0.8 0.8 0.8 0.8
NOPAT 1,634,768,000 1,631,080,000 1,626,440,000 1,592,984,000 1,591,256,000
(+) D&A 490,370,000 490,370,000 490,370,000 490,370,000 490,370,000
CF Opns 2,240,088,000 2,236,400,000 2,231,760,000 2,198,304,000 2,196,576,000
(-) Cap
Exp 3,139,000,000 ₫ 0 0 0 0 0
(-) Add
WC 1,000,000,000 0 0 0 0 0
FCF -4,139,000,000 2,125,138,000 2,121,450,000 2,116,810,000 2,083,354,000 2,081,626,000
NPV 772,769,364
The table shows us that the NPV is 772,769,364, positive that the project to
open the gym is successful and worthwhile because the discount rate is
already the opportunity cost of the project, so, if the opportunity cost is
deducted, still If there is a profit, the project has an economic profit. If NPV
is positive, it means that the investment is profitable because the value of
cash flows after depreciation is higher than the initial investment.
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4.6. Payback period and discounted payback period
Discounted
FCF Cumulative CF NCF (30%) Cumulative NCF
Year 0 -4,139,000,000 -4,139,000,000 -4,139,000,000 -4,139,000,000
Year 1 2 125 138 000 -2 013 862 000 1 634 721 538 -2 504 278 462
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4.6. Payback period and discounted payback period
Discounted
FCF Cumulative CF NCF (30%) Cumulative NCF
Year 0 -4,139,000,000 -4,139,000,000 -4,139,000,000 -4,139,000,000
Year 1 2,125,138,000 -2,013,862,000 1,634,721,538 -2,504,278,462
Year 2 2,121,450,000 107,588,000 1,255,295,858 -1,248,982,604
Year 3 2,116,810,000 2,224,398,000 963,500,228 -285,482,376
Year 4 2,083,354,000 4,307,752,000 729,440,146 443,957,770
Year 5 2,081,626,000 6,389,378,000 560,642,404 1,004,600,173
PB 1.95
Discount PB 3.39
The payback period is 1.85, which means it will take more than a third of the
operating time when FTG&PT comes into operation to reach break-even
point.
For a discounted payback period of 3.10. This means that this project takes more
than 3 years to break even from the initial expenditure, by discounting future
cash flows and recognizing the time value of money.
Therefore, this project is highly appreciated for its high payback and high
feasibility based on the breakeven point index.
4.7. Internal rate of return (IRR) and modified internal rate of
return (MIRR)
FCF of year 0 -4,139,000,000
FCF of year 1 2,125,138,000
FCF of year 2 2,121,450,000
FCF of year 3 2,116,810,000
FCF of year 4 2,083,354,000
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FCF of year 5 2,081,626,000
IRR 42.32%
The internal rate of return (IRR) is 45.64%, with cost of capital 30%. The
predicted IRR for the project is 15.64% higher than the discount rate, suggesting
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FCF of year 5 2,081,626,000
IRR 42.32%
The internal rate of return (IRR) is 45.64%, with cost of capital 30%. The
predicted IRR for the project is 15.64% higher than the discount rate, suggesting
that the gym project's great profitability has contributed to the broader economy's
outstanding IRR. As a result, an IRR of 45.64% is a promising indicator for
the completion of a high-performing project.
PV of cost Terminal rate
FCF of year 0 -4,139,000,000 -4,139,000,000
FCF of year 1 2,125,138,000 6,069,606,642
FCF of year 2 2,121,450,000 4,660,825,650
FCF of year 3 2,116,810,000 3,577,408,900
FCF of year 4 2,083,354,000 2,708,360,200
FCF of year 5 2,081,626,000 2,081,626,000
19,097,827,392
MIRR 35.77%
Because the IRR has several drawbacks, it does not correctly reflect the project's
costs and benefits, hence the MIRR is computed to minimize many of the
drawbacks of the IRR. MIRR monitoring is based on the assumption that positive
cash flows are reinvested at the firm's cost of capital. As a result, the MIRR
for this project is 35.77%. This implies that the variable internal rate of return
is likewise generally high, much above the cost of capital.
Page | 19
V. Conclusion
This report has analyzed the strengths, weaknesses, and costs of the Flex
Training Gym & Physical Therapy development plan. It can be said that when
we make effective use of what has been analyzed in SWOT, we are able to
determine that our brand is unfamiliar to everyone and identify potential
opportunities to discover and grow the business further. However, one of the
about:blan 21/2
Page | 19
V. Conclusion
This report has analyzed the strengths, weaknesses, and costs of the Flex
Training Gym & Physical Therapy development plan. It can be said that when
we make effective use of what has been analyzed in SWOT, we are able to
determine that our brand is unfamiliar to everyone and identify potential
opportunities to discover and grow the business further. However, one of the
worrying risks now is that the Covid-19 epidemic is still complicated, and people
restrict from going out. Therefore, we need to promote the Marketing strategy to
be able to generate revenue from the online sales website we are aiming for. The
total startup cost was 3,139,000,000 and our payback period took over three
years to break even from the initial cost. From the IRR and MIRR indexes, it
shows the high profitability of this project.
In conclusion, although there are still certain weaknesses and risks. However,
the plan to develop Flex Training Gym & Physical Therapy can still be assessed
as a feasible plan.
Page | 20
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10/9/23, 11:00 PM FIN202 Group 2 Group Assignment 1

Gym (Silver package) 450.000đ/month

Gym (Gold package) 1.500.000đ/month

Gym (Diamond package) 3.000.000đ/month

Fitness Personal Trainer 5.000.000đ/month

Physical massager 500.000đ/time

Infrared muscle massager 700.000đ/time

Carbon steam mechanical chiller 1.000.000đ/time

Price of Functional foods:

Functional foods Price

Whey RSP ISOLEAN 1,800,000đ/bottle

Whey 2lb 1,000,000đ/bottle

Whey Protein Powder 1,250,000đ/bottle

Whey Tech 1,850,000đ/bottle

Whey 2lb 1,000,000đ/bottle

Whey Protein Powder 1,250,000đ/bottle

Whey Tech 1,850,000đ/bottle

Whey Blend 2lb 600,000đ/bottle

Whey Protein Isolate VP2 750,000đ/bottle

Whey Isolate BiPro Elite 800,000đ/bottle

Whey Gold MuscleTech 5.5lbs 1,500,000đ/bottle

Whey Iso XP 1,900,000đ/bottle

Whey TRUE FIT CHOCOLATE 1,920,000đ/bottle

3.4. Promotion of FTG&PT

- Weight-loss is crucial progress that gymers concern. Therefore, we need an

- Weight-loss is crucial progress that gymers concern. Therefore, we need an

List Quantity Price Total

Belly vibrator 5 2,500,000 12,500,000

Massage vibrator 5 6,500,000 32,500,000

Weightlifting 30kg 10 600,000 6,000,000

List Quantity Price Total

Belly vibrator 5 2,500,000 12,500,000

Massage vibrator 5 6,500,000 32,500,000

Weightlifting 30kg 10 600,000 6,000,000

Weightlifting 20kg 10 500,000 5,000,000

Weightlifting 10kg 10 300,000 3,000,000

Weightlifting 5kg 10 200,000 2,000,000

Dumbbell 30kg 15 550,000 8,250,000

Dumbbell 20kg 15 500,000 7,500,000

Dumbbell 10kg 15 450,000 6,750,000

Dumbbell 5kg 15 350,000 5,250,000

Bicycle machine 5 7,000,000 35,000,000

Elliptical 5 27,000,000 135,000,000

Commercial treadmill 5 30,000,000 150,000,000

Row 5 15,500,000 77,500,000

Shoulder press 5 18,000,000 90,000,000

Assisted chin dip 5 20,000,000 100,000,000

Leg extension 5 17,000,000 85,000,000

Horizontal leg curt 5 17,500,000 87,500,000

Straight bar 2m2 10 1,600,000 16,000,000

Straight bar 1m8 10 1,400,000 14,000,000

Straight bar 1m2 10 950,000 9,500,000 ₫

High pulley 5 14,500,000 72,500,000

Seated horizontal pulley 5 1,400,000 7,000,000

Chest Press 5 16,500,000 82,500,000

Straight bar 1m2 10 950,000 9,500,000 ₫

High pulley 5 14,500,000 72,500,000

Seated horizontal pulley 5 1,400,000 7,000,000

Chest Press 5 16,500,000 82,500,000