Kansas City Wellness Club

Kansas City Wellness Club

Closed: Jun. 2023

About this raise

Kansas City Wellness Club is raising funds on MainVest. It is an organic wellness center, spa, salon, fitness center, and yoga and event space in Kansas City, Missouri. The business provides holistic natural solutions for preventive care and educates society on healthy and sustainable living. Kansas City Wellness Club has reported 18% monthly revenue growth and 1,038% year-over-year revenue growth from 2020 to 2022. Heath Wessling founded Kansas City Wellness Club in February 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for equipment upgrades, the new needs pilot group, and operating capital.

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Investment Overview

Not Funded: $3,900

Deal Terms

Total Commitments

Platform
MainVest
Start Date
03/08/2023
Close Date
06/05/2023
Min. Goal
$50,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Revenue Share

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Rev. Share %

2.60%

Company & Team

Company

Year Founded
2019
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Kansas City, Missouri
Business Type
Life Style
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Heath Wessling
Title
Owner

Financials

 Revenue +306% YoY
$174,345
as of FY2021
 Monthly Burn
$20,278
as of FY2021
 Runway
0.6 months
as of FY2021
 Gross Margin
98%
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$174,345

$42,942

COGS

$3,625

$1,022

Tax

$0

$0

 

 

Net Income

$-243,336

$-269,235

Summary Balance Sheet

FY 2021 FY 2020

Cash

$12,131

$34,758

Accounts Receivable

$0

$0

Total Assets

$63,672

$82,688

Short-Term Debt

$0

$0

Long-Term Debt

$569,735

$352,000

Total Liabilities

$569,735

$352,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/05/2023 MainVest - $3,900 Revenue Share Not Funded RegCF
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Kansas City Wellness Club on MainVest 2023
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, Kansas City Wellness Club may no longer be accepting investments.

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