Backspin Pickleball
The future of pickleball clubs...ten years early
Overview
Raised: $14,475
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/02/2022
Close Date
02/24/2023
Min. Goal
$275,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.75X
Rev. Share %
10.00%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/27/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$128
# of Investors
11
Momentum
Not Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Backspin Pickleball is raising funds on Wefunder. It is a pickleball club for active adults where they can socially gather, play, compete, stay fit, and enjoy a home away from home. The offerings of Backspin Pickleball include functional wellness, pickleball courts, medical services, and community gatherings. Backspin Pickleball has a letter of support from the Executive Director of USA Pickleball and aims to enable the national expansion of pickleball. Sean Graham founded Backspin Pickleball in January 2019. The current crowdfunding campaign has a minimum target of $275,000 and a maximum target of $1.24 million. The campaign proceeds will be used for renovation and construction, sales and marketing, fitness equipment, pre-opening payroll, technology, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-835 |
$-5,550 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$7,185 |
$6,350 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$7,185 |
$6,350 |
Financials as of: 11/02/2022
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