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GymBuddy Health & Fitness LTD

Equity
EIS
59 days left

The Fitness Network - GymBuddy is a free social media app available on iOS and Android mobile devices.

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Overview

GymBuddy is a social fitness network app for iOS and Android devices. The app acts as a platform, providing users with the means to access fitness facilities across the UK by acting as an intermediary. 
 
GymBuddy has formed a partnership with gyms and fitness clubs across the UK. Users join the app under a membership scheme, enabling them to use a multitude of gyms and classes, with the partners. The social and networking aspect of the app is facilitated by enabling users to connect with others through posts, videos, photos and check-ins. Subscribers can even invite members to join their sessions as a GymBuddy, 
 
The app is free to download, and it is free for users to register. All members can interact with the GymBuddy community and search for gyms via a geo-location. Paying members can add GymBuddies (other subscribers) into their sessions and are granted the freedom to attend gyms and classes, offered by partners, across the country.

The GymBuddy app will enter the Health & Fitness club sector as the multi-gym membership feature gives users access to gyms, without the need for bricks-and-mortar locations under its own brand. It adds to the users' experience by moving into the Gym Tech sector, by providing a platform that has been designed to create a fitness-specific networking tool to connect business and individuals. This social fitness network is accessible to users via mobile apps for iOS and Android devices. 
 
As well as being able to find gyms and classes via geolocation, users can search for subscribed professionals to the platform. Specialists within the fitness industry such as personal trainers, nutritionists, physiotherapists etc., can easily be found through filtered searches where the user is then able to check out their description along with contact information. GymBuddy is a unique concept that has been created with expansion in mind by including features that can be transitioned into the expanding global market. The UK fitness industry alone is currently worth over £5 billion, a fraction of the potential global market that GymBuddy will aim to tap into.
 
The revenue model is a monthly rolling subscription for users and from that, GymBuddy pay gyms based on the number of visits they receive each month. There is also a subscription model for the professionals that register to the platform. There are no third parties involved so all revenue is kept. There are plans to introduce advertisement in the future.

Sonal Shah

Deal Manager

Sector:

Mobile / Web / Internet

Country:

United Kingdom

Stage:

Early Stage (some revenues, pre-profit)

Valuation:

£1,200,000

Share price:

£1,200.00

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Originator

Originator: Envestors

Contact name: Oliver Woolley

Investment Focus: Equity, Debt

About: Envestors is a FCA regulated corporate finance adviser in the UK and operates an international network of sophisticated investors investing an average of £42,000 in high growth unquoted companies seeking £250,000 to £2m in equity funding.

Over 1000

Experienced investors

Over £100m

Funding raised

ABOUT

Envestors is a FCA regulated corporate finance adviser in the UK and operates an international network of sophisticated investors investing an average of £42,000 in high growth unquoted companies seeking £250,000 to £2m in equity funding.

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