Stretch Theory

Stretch Theory

Health and Wellness

Health and Wellness

Overview

Raised to Date: Raised: $5,261

Total Commitments ($USD)

Platform

Honeycomb

Start Date

10/25/2023

Close Date

12/08/2023

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/08/2023

Days Remaining

0

% of Min. Goal

21%

% of Max. Goal

11%

Likelihood of Max
unlikely
Avg. Daily Raise

$120

# of Investors

12

Momentum
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Year Founded

2021

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Atlanta, Georgia

Business Type

Life Style

Stretch Theory is raising funds on Honeycomb. It is a physical fitness studio in Atlanta, Georgia that trains the body, mind, and spirit. Stretch Theory offers a balanced training schedule, including strength training, functional lengthening, functional athletic movement, body coordination on the yoga mat, and hands-on myofascial therapy. The business also serves as a learning center for licensed therapists with its National Certification Board for Massage and Bodywork-approved training program. Nakia Caesh founded Stretch Theory in March 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used to purchase Merrithew pilates equipment.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$62,663

$33,103

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$28,889

$11,186

Summary Balance Sheet

FY 2022 FY 2021

Cash

$11,694

$282

Accounts Receivable

$0

$0

Total Assets

$11,694

$282

Short-Term Debt

$-3,711

$0

Long-Term Debt

$-2,956

$0

Total Liabilities

$-6,667

$0

Financials as of: 10/25/2023
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Stretch Theory on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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