LegitFit

LegitFit

Fitness and wellness coaching business

Fitness and wellness coaching business

Overview

Raised this Round: Raised: $29,530

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/16/2024

Close Date

07/13/2024

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

3.0 years

Year Founded

2019

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

North Braddock, Pennsylvania

Business Type

Life Style

LegitFit is raising funds on Honeycomb. It is a fitness and wellness coaching business in Braddock, Pennsylvania. LegitFit offers a range of training options, including bodybuilding, dance fitness, cycling, water aerobics, yoga, toning, and Olympic lifting. The business provides tailored and effective workout sessions, both one-on-one and group classes, online and plans to open a brick-and-mortar location soon. Melisha Hutchins founded LegitFit in April 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for exercise equipment, office supplies, film studio, app development, Apple watches, and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$47,780

$27,966

COGS

$310

$400

Tax

$0

$0

 

 

Net Income

$23,589

$14,123

Summary Balance Sheet

FY 2023 FY 2022

Cash

$119

$-14

Accounts Receivable

$0

$0

Total Assets

$119

$-14

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/16/2024
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LegitFit on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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