Overview
Raised: $26,550
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/19/2024
Close Date
04/30/2024
Min. Goal
$25,000
Max. Goal
$30,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$648
# of Investors
24
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 Fitness Club is raising funds on Honeycomb. It is a community-based fitness facility in Washington, DC. Hard Training Fitness Club is focused on combat fitness and aims to unify people through physical well-being and self-protection skills. The fitness club has showcased its trainers at Ebony Fit Weekend events in Houston, Dallas, and Atlanta and has been featured on Spot Light Over The City, Fox 5, and WMPR. Terrence Mann founded Hard Training Fitness Club in December 2011. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for equipment and events.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$93,922 |
$87,512 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$17,362 |
$-30,652 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$11 |
$286 |
|
Accounts Receivable |
$1,947 |
$0 |
|
Total Assets |
$1,958 |
$286 |
|
Short-Term Debt |
$3,366 |
$47,753 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$3,366 |
$47,753 |
Financials as of: 03/19/2024
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