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Security Type
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Crowd SAFE
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Categories
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Sports & Fitness
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Min Investment
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$150
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Offering Date
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April 09, 2021
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Expected Close Date
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July 30, 2021
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Target Raise
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$50.00K-$1.07M
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Deal Notes
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Price Per Share: $1..00
Company Description
The sport of Pickleball has created unmet demand for indoor facilities. Tennis is a good proxy to indicate the growth potential Pickleball. 3.4 million Pickleball players who play primarily on 18,000 outdoor courts with less than fifteen dedicated indoor facilities (of four or more courts).Based on these ratios, there should be nearly 30,000 more Pickleball courts in the US and one to two hundred indoor facilities .Our bilateral growth strategy is to increase indoor pickleball courts across the US.
Perks
Invest $5,000 - Receive $5,000 Crowd SAFE ,The Pickleball Club Hat. For five grand, you should get a hat!
Invest $10,000 - Receive $10,000 Crowd SAFE, The Pickleball Club in a Bag. You get a logo bag with a whole bunch of really cool TPC branded items.
Invest $100,000 - Receive $100,000 Crowd SAFE, Free membership to any of our clubs! Plus, you get the Club in a Bag too!
Key Deal Facts
Fastest-growing sport in the U.S. (4.2 mm + players, w/ 20% annual growth)
The Pickleball Club™ is developing the premier membership-based facilities
First two clubs under development in Sarasota, FL
Each club will include 34,000 sq ft, 12 indoor courts, pro shop, juice bar
~600 people on membership wait list for Sarasota clubs.
38% Target IRR- backed by real estate assets.
Management Team / Advisory Board Bios
Admiral Brian McCarthy USN(Ret),, Founder
In his civilian life, Admiral McCarthy developed over $500 million of commercial real estate and operated a variety of businesses, including numerous retail operations. Admiral McCarthy earned a BS in Engineering Science from Oakland University and an MBA from the Harvard Business School. He is very involved in our community as a past Governor of the Bird Key Yacht Club, First Vice President of the Pops Orchestra, Past President & Executive Director of the Military Officers Association & Foundation in Sarasota and recent Chairman of United Way’s Mission United initiative serving 88,000 Veterans in Sarasota and Manatee counties.
Matt Gordon, Chief Financial Officer and General Counsel.
Mr. Gordon is an attorney and investment banker with over 20 years of experience.
Valarie McCarthy, Director of Operations.
Mrs. McCarthy has over 20 years’ experience in the fitness industry, including as the executive director for the Palo Alto YMCA Association in California consisting of three facilities totaling an excess of 55,000.
Nova Grande, Director of Marketing
Nova has worked in the health & wellness industry for the last 20 years. During this time Nova has worked with both professional and amateur athletes, including such as CrossFit athletes, weightlifters, professional football and her favorite crowd - The Atlanta Roller Derby! Over the past 4 years she’s been working most specifically with pickleball athletes. Ms. Grande also helps run 3D Pickleball with Dominic Catalano bringing top level pickleball tournaments to the Southwest Florida area, including Moneyball Pickleball. Ms. Grand owns The HIVE Media Lab which coordinates social media, branding and design. The HIVE is responsible not only for the marketing of The Pickleball Club, but also for The APP Tour, the First International Pickleball Tour.