Jacked Up Fitness

Jacked Up Fitness

Growth Stage

Get the Pro Gym Experience at Home

Get the Pro Gym Experience at Home

Overview

Raised this Round: Raised: $97,847

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/26/2024

Close Date

09/24/2024

Min. Goal
$14,997
Max. Goal
$1,234,999
Min. Investment

$250

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.21

Pre-Money Valuation

$74,899,999

Year Founded

2024

Industry

Fitness & Wellness

Tech Sector

HealthTech

Location

Winchester, California

Jacked Up Fitness, with a valuation of $74.9 million, is raising funds on StartEngine. It is an ultimate lifestyle brand bringing fitness to homes. Jacked Up Fitness creates powerfully engineered Power Racks, accessories, fitness programming, and nutritional supplements and delivers the professional gym experience at home. The business grew its sales from $570,000 in 2021 to $24 million by 2023 and has solid gross margins. Don Mastrangelo founded Jacked Up Fitness in May 2024. The current crowdfunding campaign has a minimum target of $14,997.12 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and operations.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$24,151,819

$8,068,941

COGS

$9,787,165

$5,190,792

Tax

$0

$0

 

 

Net Income

$3,242,459

$1,404,621

Summary Balance Sheet

FY 2023 FY 2022

Cash

$191,173

$23,494

Accounts Receivable

$116,786

$20,669

Total Assets

$7,675,335

$2,303,502

Short-Term Debt

$5,250,628

$515,872

Long-Term Debt

$453,365

$620,372

Total Liabilities

$5,703,993

$1,136,244

Financials as of: 06/26/2024
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Jacked Up Fitness on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $74,899,999
Price per Share: $3.21

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