Rhode Island Pickleball
Pickleball Center
Overview
Raised: $77,800
Total Commitments ($USD)
Platform
MainVest
Start Date
11/21/2022
Close Date
04/24/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Payment Schedule
Quarterly
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
1.10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$509
# of Investors
157
Momentum
Funded
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Year Founded
2022
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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: 11/21/2022
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