The Axle Workout

The Axle Workout

Improve Life Expectancy With Better Body Composition

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Form C
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Security Type
Crowd SAFE
Categories
Retail, Consumer Goods & Products, Sports & Fitness, Technology, Health & Fitness
Min Investment
$100
Location
NEW YORK, NY
Offering Date
November 19, 2021
Expected Close Date
April 30, 2022
Target Raise
$25.00K-$1.07M
No. Investors
114
Security Price
$1
Website
theaxleworkout.com
Number of Employees
0
Cash
$41,409
Revenue
$680,196
Short Term Debt
$112,876
Cost of Goods
$355,530
Long Term Debt
$515,259
Net Income
$-110,724

Company Description

The Axle barbell is a lightweight, collapsible, Olympic barbell. We make home workouts easy, providing a full gym in one tool. From as little as 5lb to start to load up to 150lb, this is a tool for the whole family. 

Key Deal Facts

$1.5M+ Lifetime Revenue as of Nov 2021
2,000%+ growth QoQ from Q1 2019 to Q1 2021
$689K revenue in 2020, growing from $263K in 2019
Used in over 200 branded health clubs such as the YMCA, UFC , Crunch and mo
$2,400 forecasted LTV
"Smart" Barbell in development

Management Team / Advisory Board Bios

Andrew Page
Founder

Dr. Stephanie Ortiz Page
Medical Advisor
Specialist in: Bariatric Medicine, Metabolic Medicine
Amount Raised : $142,968
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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