The Pickleball Club
Early Stage
Be a part of the future of Pickleball
Overview
Raised: $0
Total Commitments ($USD)
Platform
Republic
Start Date
04/12/2021
Close Date
06/27/2021
Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$17,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
06/26/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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 |
Financials as of: 04/12/2021
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