Rejuve Therapy
Sports Clinic
Overview
Raised: $100
Total Commitments ($USD)
Platform
Honeycomb
Start Date
12/26/2022
Close Date
02/06/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Seed
Funding Type
RegCF
Interest Rate
11.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
4
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$3
# of Investors
1
Momentum
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Location
Kingswood, Texas
Industry
Healthcare & Pharmaceuticals
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Rejuve Therapy is raising funds on Honeycomb. It is a whole-body recovery center in Houston, Texas, that is focused on treating everyday sports injuries. The offerings of Rejuve Therapy include kinetic stretching, Cryotherapy, hyperbaric oxygen therapy, massage, and other techniques to reduce pain and inflammation. Rejuve Therapy offers both individual-priced services and appointments and memberships and is on track to grow its revenue by 25% year-over-year. Timothy Jackson founded Rejuve Therapy in June 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for debt payoff, staffing and hiring, and treatment equipment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$165,874 |
$94,733 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-25,719 |
$-44,496 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$24 |
$4,462 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$80,381 |
$102,676 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$74,826 |
$42,491 |
|
Total Liabilities |
$74,826 |
$42,491 |
Financials as of: 12/26/2022
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