Sauna Club

Sauna Club

Health and Wellness

Health and Wellness

Overview

Raised this Round: Raised: $50,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/23/2024

Close Date

07/24/2024

Min. Goal
$40,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.00%

Term Length

3.0 years

Year Founded

2022

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Evanston, Illinois

Business Type

Life Style

Sauna Club is raising funds on Honeycomb. It is a unique mobile sauna experience in Evanston, Illinois, that specializes in public and local events. Sauna Club has a beachside presence and collaborates with local establishments such as yoga studios and gyms to host sauna events throughout the week. The business transforms into a private oasis on weekends and provides exclusive rental services to set up saunas for personal use in the comfort of clients’ chosen locations. Ryan Cohler founded the Sauna Club in April 2022. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $50,000. The campaign proceeds will be used for a mobile sauna trailer.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$131,131

$49,943

COGS

$8,394

$2,556

Tax

$0

$0

 

 

Net Income

$97,661

$13,612

Summary Balance Sheet

FY 2023 FY 2022

Cash

$31,436

$12,112

Accounts Receivable

$600

$0

Total Assets

$32,036

$12,112

Short-Term Debt

$3,300

$0

Long-Term Debt

$0

$0

Total Liabilities

$3,300

$0

Financials as of: 06/23/2024
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Sauna Club on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

Follow company

Follow Sauna Club on Honeycomb 2024

Buy Sauna Club's Deal Report

Sauna Club Deal Report

Get KingsCrowd’s comprehensive report on Sauna Club including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Sauna Club is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Sauna Club deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge