Backspin Pickleball

The future of pickleball clubs...ten years early
Overview
Raised: $14,475
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2023
Days Remaining
Funded
% of Min. Goal
5%
% of Max. Goal
1%
Likelihood of Max
Funded
Avg. Daily Raise
$128
# of Investors
11
Momentum
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: 11/03/2022
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