Jfoglia Wellness Club: Florida vs Illinois - Essay Example

"Jfoglia Wellness Club: Florida vs Illinois" is an outstanding example of a paper on social and family issues.
The plan for the recommendation step will be creating a demonstration. Such will be done through a visual with the aid of a YouTube Video. The video will be about the prevalence rate of diabetes in Illinois compared to the rate in Florida.

The purpose of the report is to compare and contrast Florida and Illinois, which is suitable to house company headquarters. The main rationale is profit generation and rapid business growth. The importance of the right location is to ensure the company meets its bottom-line of service delivery and profit generation.

The first stand outsources used for research were Peng Ng et al. (2018), which was used to find information on the third criterion of the diabetes prevalence rates between Florida and Illinois. The second stand-out source used for research was the Center for Disease Control and Prevention [CDC] (2018), which was also used to find information on the third criterion of diabetes statistics. June and July 2020, were the months and year of the research for this presentation.

The report was conducted about JFoglia Wellness Club to determine a suitable location for its headquarters between Illinois and Florida. The two will be analyzed based on the three major areas (number of wellness centers per state, taxes, and diabetes statistics), which will result in particular conclusions; out of these conclusions, a recommendation will be made to set up the headquarters in Illinois.

Body

Number of Wellness Centers per State

Jfoglia Wellness club will offer health and fitness services; thus, it is vital to tap into the number of wellness and fitness centers and the stream of income it generates; the ideal state for the company headquarters will have a slighter lower number of gyms, fitness centers and wellness clubs signaling the availability of more clientele for the business and with it higher profits.

The number of gyms and fitness clubs in Florida is the highest in the U.S, which stands at approximately 6,770 facilities (IBIS World, 2020).

In contrast, the number of health and fitness centers in Illinois stands at approximately 4,380 facilities (IBIS World, 2019).
With a difference of over 2000 facilities, Illinois outperforms Florida in this criterion because a lower number of health facilities is ideal for profit maximization in a business that focuses on the health, fitness, and wellness of its clientele.

Taxes

Jfoglia Wellness Club will focus on the business aspect of offering health and fitness service, as such it is crucial to look into the sales tax rates structure of both states; the ideal state should have a higher sales tax rate, as it would mean a greater possibility of good business for the company.

The sales tax rate of Florida stands at 6% (Moreno, 2020).

In contrast, the sales tax rate of Illinois stands at 6.25% (Moreno, 2020).

With a difference in the sales tax rate of over 5%, Illinois outperforms Florida in this criterion because a higher sales rate is ideal for business; a higher sales tax rate means the state’s economy experiences a lower impact on the dollar, as such in the case of Jfoglia Wellness Club, a lower impact on the dollar would mean more lucrative business and higher profit returns.

Diabetes Statistics

Jfoglia Wellness Club will focus on offering health and fitness services making it is crucial to look into the prevalence rate of diabetes in both states; the ideal state should have a higher prevalence rate, as it would mean more clientele seeking to maintain their health through fitness to avoid the risk of being diagnosed with diabetes.

The prevalence rate of diabetes in Florida stands at 12.6% among adults (Peng Ng et al., 2018).

In contrast, the prevalence rate of diabetes in Illinois stands at 13%, with a prevalence rate by country standing at between 7% and 13% (Jansen et al., 2019).

With a difference in the prevalence rate of 0.4%, Illinois outperforms Florida in this criterion because a higher rate is ideal for business in that more clientele would come in for fitness services as a precautionary health measure, which will boost the business profit margins.

Conclusions

The establishment of Jfoglia Wellness Club headquarters is based on the following conclusions:

Illinois' fewer gyms and fitness centers than Florida will result in more business and clientele to the company.

Keeping in view the difference in taxation of both states, housing the headquarters in Illinois will prove more profitable.

Considering the higher population suffering from diabetes in Illinois than in Florida, chances of mitigated the health and fitness of people is the best decision for the business strategy, which is better in Illinois.

Recommendations

Jfoglia Wellness Club offers various services in healthcare, sports training, and personal fitness. The business has performed well in Florida, and it now requires a new base of operations for which Illinois appears to be more feasible. The choice of Illinois to house the business headquarters was guided by its more lenient tax system. A higher population in Illinois will also be of a positive impact on the business. The number of health and wellness centers in Florida has exceeded that of Illinois, making Illinois an ideal center for housing the company headquarters. Illinois, where the company headquarters are to be relocated to, makes for an ideal city for business.

Apart from the different financial troubles faced by Illinois, the state also faces a financial deficit of more than 3billinon USD, which pauses a significant concern for new business. Moreover, the sales tax rates of 6.25%, unlike that of 6% in Florida, have varied differences in terms of business in general.