Rhode Island Pickleball

Pickleball Center

Overview

Raised to Date: Raised: $53,800

Total Commitments ($USD)

Platform

MainVest

Start Date

11/22/2022

Close Date

03/18/2023

Min. Goal

$50,000

Max. Goal

$124,000

Min. Investment

$100

Security Type

Revenue Share

Payment Schedule

Quarterly

Funding Type

RegCF

Return Multiple

1.40X

Rev. Share %

1.10%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

44

% of Min. Goal

108%

% of Max. Goal

43%

Likelihood of Max
unlikely
Avg. Daily Raise

$747

# of Investors

101

Momentum
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Location

Providence, Rhode Island

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Rhode Island Pickleball is raising funds on MainVest. It is an upcoming pickleball facility in Warwick, Rhode Island. It will be a dedicated pickleball facility catering to people of all ages, levels, and abilities and promoting social interaction, health, fun, and good sportsmanship. Rhode Island Pickleball facility will span across 30,000 sq. ft. and include ten indoor courts. The facility will also house a pro shop carrying brand-name shirts, shorts, shoes, hats, sunglasses, paddles, balls, and assorted beverages and snacks. Russel Johnson and Dr. Debra Cohen founded Rhode Island Pickleball in March 2022. 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 buildout flooring of the courts, court netting, coolers, and interior upgrades.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 11/22/2022
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Rhode Island Pickleball on MainVest 2022
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Platform: MainVest
Security Type: Revenue Share

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