Eat The Frog Fitness

Eat The Frog Fitness

Growth Stage

World's 1st 24/7 boutique fitness studio developed by World's Greatest Athlete

World's 1st 24/7 boutique fitness studio developed by World's Greatest Athlete

Overview

Raised to Date: Raised: $130,925

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/10/2022

Close Date

11/29/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$20,000,000

Valuation Cap

$25,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/03/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$922

# of Investors

32

Momentum
Funded
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Year Founded

2019

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Issaquah, Washington

Business Type

Growth

Eat The Frog Fitness, with a valuation of $25 million, is raising funds on Wefunder. The boutique fitness studio combines the best of personal training and group fitness with AI technology. The training provided by Eat The Frog Fitness is elite-level, convenient, affordable, and super personal. Eat The Frog Fitness has 35 studios across the US and Canada and has minimal membership turnover with only 5% attrition. Bryan Clay and Joe Culver founded Eat The Frog Fitness in January 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for PR campaigns, technology infrastructure and support, hiring, and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,772,271

$1,300,993

COGS

$177,976

$124,646

Tax

$18,290

$14,474

 

 

Net Income

$96,130

$-1,413,959

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$548,718

$362,880

Accounts Receivable

$139,690

$149,227

Total Assets

$1,898,918

$1,583,766

Short-Term Debt

$1,688,240

$1,730,297

Long-Term Debt

$5,265,434

$4,532,112

Total Liabilities

$6,953,674

$6,262,409

Financials as of: 07/10/2022
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Eat The Frog Fitness on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $25,000,000

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