Energie raised £600k on Crowdcube in 2016 at a valuation of £15m. According to the pitch, one aim was to IPO in 2018 with an EBITDA of £2.9m
Their ultimate stated goal is to have over 1m club members and nearly 600 fitness clubs by 2023. The accounts show the membership numbers rose by 8% in the financial year from 104k to 113k. So a way to go.
These accounts are not a lot of use - the company made a small loss on what appears to be a zero net revenue but its hard to tell.
Anyway we will keep both eyes and ears open for the impending IPO announcement. Values mentioned in the Crowdcube pitch state that the management are looking for an annualised run rate EBITDA in 2018 of £4.6 million which would give the company a £46m valuation based on a multiple of 10. I dont think annualised used here is a fitness term.
Well blow me down with a feather - that was an easy 3X ROI, eh.
x - thanks for your comment but I cant publish it as you haven't proved anything you have said. I dont doubt you but we would need some proof to print such allegations. So please get in touch.
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