THE ARMORY

THE ARMORY

Health and Wellness

Health and Wellness

Overview

Raised to Date: Raised: $124,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

04/17/2024

Close Date

06/01/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/22/2024

Days Remaining

9

% of Min. Goal

207%

% of Max. Goal

100%

Likelihood of Max
exceeded
Avg. Daily Raise

$3,543

# of Investors

63

Momentum
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Year Founded

2004

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Columbus, Ohio

Business Type

Life Style

THE ARMORY is raising funds on Honeycomb. It is a medical facility in Columbus, Ohio, that provides a comprehensive array of fitness, medical, and recovery services. THE ARMORY has a team of physicians, nurses, physician assistants, dieticians, exercise physiologists, strength coaches, massage therapists, mental health specialists, and sports scientists who offer all services under one monthly membership. The medical facility offers a holistic view of individuals’ overall well-being and meets the demands of the contemporary era. Shawn Bailey founded THE ARMORY in November 2004. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for locker rooms, a recovery lab, and an outdoor athlete training area.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$727,104

$562,349

COGS

$54,548

$37,386

Tax

$0

$0

 

 

Net Income

$11,316

$81,630

Summary Balance Sheet

FY 2023 FY 2022

Cash

$543

$34,570

Accounts Receivable

$0

$0

Total Assets

$155,201

$34,570

Short-Term Debt

$87,613

$32,479

Long-Term Debt

$127,076

$138,322

Total Liabilities

$214,689

$170,801

Financials as of: 04/17/2024
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THE ARMORY on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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