Rhode Island Pickleball

Rhode Island Pickleball

Pickleball Center

Pickleball Center

Overview

Raised this Round: 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    Open SEC Filing

Return Multiple

1.40X

Rev. Share %

1.10%

Year Founded

2022

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Providence, Rhode Island

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: 11/21/2022
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Rhode Island Pickleball on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, Rhode Island Pickleball may no longer be accepting investments.

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