Stretch Theory

Health and Wellness
Overview
Raised: $5,261
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/08/2023
Days Remaining
0
% of Min. Goal
21%
% of Max. Goal
11%
Likelihood of Max
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
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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