Overview
Raised: $25,590
Total Commitments ($USD)
Platform
SMBX
Start Date
09/28/2023
Close Date
10/30/2023
Min. Goal
$10,000
Max. Goal
$25,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.25%
Term Length
2.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/04/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$825
Momentum
Funded
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Year Founded
2011
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Hard Training Club is raising funds on SMBX. It is a fitness center aimed at empowering people to lead healthier and happier lives through accessible combat fitness experiences. Hard Training Club supports people in their fitness journey and teaches them to protect themselves while getting in the best shape of their lives. The business also gives back to underserved communities and is currently ranked in the Top 10 Boxing Fitness Studios in the DMV area of Washington, DC. Terrence Mann founded Hard Training Club in December 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $25,000. The campaign proceeds will be used to expand the outreach and services.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$86,870 |
$124,499 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-33,018 |
$-29,944 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$286 |
$18 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$286 |
$18 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$15,411 |
$37,550 |
|
Total Liabilities |
$15,411 |
$37,550 |
Financials as of: 09/28/2023
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