Identification of the gaps after as is analysis, design of the initiatives and policies & associated process and implementation of the initiatives for a health & wellness company

Client / Industry Brief

  • The client owns and operates a group of gyms in Qatar with nearly 10,000 members.
  • In 2019, the company expanded operations by setting up two new centres. However, delay in construction and execution has seen these centres plagued with low footfall
  • This has put cash flow pressure on the company making it difficult for them to meet loan obligations to the bank

Project Objectives

  • Developing the required context and gathering management inputs from internal stakeholders and promoters on the current operations, challenges and future vision for the company.
  • Validation of inputs received from the management, finance and current operation team.
  • Development of a business plan and loan restructuring documents required by the bank
  • Preparation of a financial forecast and loan restructuring model that illustrated to the bank the ability of the company to fulfil the loan obligations

Project Methodology

Project Benefits

  • Based on analysis conducted, EmPact defined the key success factors for the proposed venture as follows:
  • Consolidation of existing loans and outstanding creditors to be restructured into one loan
  • Extension of tenure of loan to 12 years and approved disbursement of QAR 20 Mn to be used to fund cash shortfalls the company may experience in 2020

Case Studies

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