Grit Athletics

Grit Athletics

Health and Wellness

Health and Wellness

Overview

Raised to Date: Raised: $2,750

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/13/2024

Close Date

04/11/2024

Min. Goal
$30,000
Max. Goal
$60,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/12/2024

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$95

# of Investors

6

Momentum
Not Funded
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Year Founded

2023

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Colorado Springs, Colorado

Business Type

Life Style

Grit Athletics is raising funds on Honeycomb. It is a fitness center in Colorado Springs, Colorado that offers small-group strength training classes. Grit Athletics provides individuals with a personalized training experience and fosters a sense of community and mutual support. The business also hosts seminars, workshops, and training events to cater to a stronger and healthier lifestyle in the community and runs a nonprofit to offer training to high schoolers and at-risk youth. Ryan Parr founded Grit Athletics in July 2023. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000. The campaign proceeds will be used for building out a larger and more well-equipped gym, hiring and training staff, hosting community events, and purchasing more equipment.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$22,186

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-4,392

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$394

$0

Accounts Receivable

$0

$0

Total Assets

$16,002

$0

Short-Term Debt

$2,150

$0

Long-Term Debt

$13,360

$0

Total Liabilities

$15,510

$0

Financials as of: 03/13/2024
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Grit Athletics on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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