Hope Yoga

Hope Yoga

Fitness

Fitness

Overview

Raised to Date: Raised: $51,680

Total Commitments ($USD)

Platform

Honeycomb

Start Date

11/23/2022

Close Date

12/23/2022

Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2022

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

$1,782

# of Investors

38

Momentum
Funded
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Year Founded

2018

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Fairview Park, Ohio

Business Type

Growth

Hope Yoga is raising funds on Honeycomb. It is a yoga studio in Ohio that uses the practices of yoga to heal, grow, and thrive in the community. The aim of Hope Yoga is to help its students transform different forms of their grief into resilience and learn to cope with the stress of daily life. The offerings of Hope Yoga include yoga workshops and events, private lessons, weekly yoga classes, corporate yoga, retreats, and yoga teacher training. Hope Yoga has its first location in Cleveland, Ohio, and is planning to open its second location in Westlake, Ohio. Jackie Walsh founded Hope Yoga in October 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for leasehold improvements, working capital, staffing and wages, equipment, and retail merchandise and displays.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$208,953

$129,514

COGS

$31,548

$28,342

Tax

$0

$0

 

 

Net Income

$-18,082

$-20,579

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$19,018

$15,113

Accounts Receivable

$0

$0

Total Assets

$21,672

$17,173

Short-Term Debt

$1,230

$0

Long-Term Debt

$94,462

$45,927

Total Liabilities

$95,692

$45,927

Financials as of: 11/23/2022
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Hope Yoga on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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