Sports retailer, WIT Fitness, has not only secured its initial 840,000 funding target on Crowdcube, but additionally, it has surpassed over 1.1 million due to over 200 investors. The campaign is trying to raise funds to the new gym facility of your company.
Founded in 2015, WIT Fitness identifies itself as a unique physical fitness concept shop. Products are Inov-8 Under Armour, Hylete, Norcal, Rocktape SGF, Purepharma, Atlas Wrist Wraps, Am Sports, Harbinger, RX Smart Gear, and Bolder Bands. The manufacturers’ service to WIT Fitness comprises financial participation to put away fit workouts, electronic service, exclusive merchandise, discounted terms, and sale or return agreements.
“Our first intention is to become a leading global sports retailer, to control the fitness and training industry of the market. With over 52 million fitness members, coaching is the biggest sport activity in Europe. However, using a rate of approximately 15 percent of overall population, the market has not reached its whole potential. We believe we are about to experience development in one sporting group that we have not seen for a decade.”
Highlights of WIT Fitness’ success up to now will be the following:
- 2017 80 percent YOY increase of visitors as of today.
- Shipped to 35 Nations
- 3.84 percent click through.
- 235,000 on line visitors year 1, 0.9m Year two
- Shortly to be three stores in London, including a joint retail-gym center.
- Franchise in Asia and newly featured in the U.S.
Besides the gym facility in Central London, funds from the Crowdcube campaign goes towards addition hires, expansion infrastructure, and new development. The financing round is set to close.
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