Mayweather Fitness
Growth Stage
Mayweather-branded fitness & licensing company w/ exponential growth trajectory.
Overview
Raised: $0
Total Commitments ($USD)
Platform
Republic
Start Date
12/06/2023
Close Date
04/04/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
SAFE
Series
Series B
SEC Filing Type
RegCF
Valuation Cap
$75,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/02/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2017
Industry
Fitness & Wellness
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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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