Hope Yoga
Fitness
Overview
Raised: $51,680
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/24/2022
Close Date
12/23/2022
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2022
Days Remaining
Funded
% of Min. Goal
207%
% of Max. Goal
69%
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
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: 11/24/2022
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