Mayweather Fitness

Mayweather Fitness

Growth Stage

Mayweather-branded fitness & licensing company w/ exponential growth trajectory.

Mayweather-branded fitness & licensing company w/ exponential growth trajectory.

Overview

Raised to Date: Raised: $396,187

Total Commitments ($USD)

Platform

Republic

Start Date

12/06/2023

Close Date

04/03/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

SAFE

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$75,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/20/2024

Days Remaining

43

% of Min. Goal

792%

% of Max. Goal

32%

Likelihood of Max
unlikely
Avg. Daily Raise

$5,213

# of Investors

170

Momentum
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Year Founded

2017

Industry

Fitness & Wellness

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Plano, Texas

Business Type

Growth

Mayweather Fitness, with a valuation of $75 million, is raising funds on Republic. It is a fitness and technology licensing company that offers gym franchises, VR gaming, and licensed products. Mayweather Fitness is built around the brand power of Floyd Mayweather, the most successful boxer ever, and has a team of experienced business builders. The gym franchise of Mayweather Fitness already has a lifetime revenue of $35 million, with a 2,000% franchise system-wide revenue growth and plans to grow further. Floyd Mayweather and James Williams founded Mayweather Fitness in January 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$10,225,848

$12,430,106

COGS

$4,638,409

$8,009,570

Tax

$0

$0

 

 

Net Income

$-3,291,093

$-3,715,119

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,081,166

$1,602,348

Accounts Receivable

$1,299,011

$751,358

Total Assets

$11,933,364

$4,763,813

Short-Term Debt

$4,856,106

$5,673,910

Long-Term Debt

$8,682,238

$7,923,049

Total Liabilities

$13,538,344

$13,596,959

Financials as of: 12/06/2023
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Mayweather Fitness on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $75,000,000

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