Backspin Pickleball

Backspin Pickleball

The future of pickleball clubs...ten years early

The future of pickleball clubs...ten years early

Overview

Raised this Round: 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    Open SEC Filing

Return Multiple

1.75X

Rev. Share %

10.00%

Year Founded

2019

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Kennesaw, Georgia

Business Type

Growth

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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Backspin Pickleball on Wefunder 2022
Platform: Wefunder
Security Type: Revenue Share

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