The Pickleball Club

Be a part of the future of Pickleball

Analytics

Raised to Date: $10,550

Aggregate Commitments $
Platform

Republic

Start Date

04/13/2021

Close Date

07/30/2021

Min. Goal

$50,000

Max. Goal

$5,000,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$17,000,000

Discount Rate

0%

Rolling Commitments $
Status

Active

Reporting Date

06/09/2021

Days Remaining

48

% of Min. Goal

21%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$185

# of Investors

45

Momentum
cold
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Location

Sarasota, Florida

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

The Pickleball Club, with a valuation cap of $17 million, is raising funds on Republic. The club is being developed to be the premier membership-based indoor pickleball facility in the United States. The first two clubs are under development in Sarasota, Florida. Brian McCarthy and Matthew Gordon founded The Pickleball Club in November 2019. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $5,000,000, will be used to complete the development of new locations, augment the corporate development team, and add more locations. The Pickleball Club already has 600 people on the membership waitlist for Sarasota clubs. Each club will include indoor courts, a pro shop, and a juice bar.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-44,044

$-5,235

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$74,959

$322,277

Accounts Receivable

$0

$0

Total Assets

$324,132

$347,727

Short-Term Debt

$0

$32,962

Long-Term Debt

$0

$0

Total Liabilities

$0

$32,962

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