Toolbox
Fitness Centers
Overview
Raised: $52,750
Total Commitments ($USD)
Platform
SMBX
Start Date
06/29/2022
Close Date
10/13/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
7.25%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$502
Momentum
Funded
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Year Founded
2012
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Toolbox Pilates Art Studio is raising funds on SMBX. It is a truly remarkable and unique pilates studio and art gallery in Washington, DC. The business offers a rare combination of challenging pilates, architectural beauty, and evocative art. Toolbox Pilates Art Studio is a pilates studio by day and event space by night. Iva Gotzev founded Toolbox Pilates Art Studio in June 2012. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for construction and equipment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$325,155 |
$207,131 |
|
COGS |
$111,501 |
$48,085 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-11,278 |
$2,830 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$19,731 |
$29,158 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$139,575 |
$157,002 |
|
Short-Term Debt |
$132,275 |
$137,372 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$132,275 |
$137,372 |
Financials as of: 06/29/2022
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