The Ledger
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Davidovich: Brick-and-mortar gyms without remote fitness options are 'dead'
“If you have a brick and mortar fitness facility and you're not offering remote fitness right now, you're dead.”
Davidovich: CoachMePlus's long tail will be small gyms and high schools
“The long tail of the business is really going to be in the, you know, in the smaller gyms and high schools and smaller market.”
Davidovich: New York Giants were a CoachMePlus customer for several years
“It's actually, it's funny you mentioned the New York football giants. Yeah, they were a customer of ours for a couple of years.”
Davidovich: CoachMePlus has over 100 gym clients and 200 lifetime enterprise clients
“The enterprise customers we've worked with about 200 in total on the gym side we're under, no, we're a little bit over a hundred right now.”
CoachMePlus enterprise sports contracts range from $30k to $40k annually
“On the pro side, I mean, the average customer size, on the professional sports side enterprise customer is anywhere between 30 and 40,000 dollars a year.”
Davidovich: CoachMePlus reached cash flow breakeven at $1 million run rate
“Just around a million or so, you know, we got to cash flow break even, which was a huge milestone for us.”
CoachMePlus targets a $10M post-money valuation for its current fundraise
“You know, it's going to be a ten million dollar cost valuation.”
Davidovich: CoachMePlus maintains a $700 CAC and 3.6x LTV:CAC ratio
“Right now it's about 700 bucks. So our ratio is like three point six, which is great.”
Davidovich: CoachMePlus is raising between $2M and $3M
“We're gonna raise between two to three million dollars.”
CoachMePlus charges gym owners around $1,400 annually
“So for the gym owners it's about 1400 dollars a year. So you're looking somewhere around a hundred dollars a month or so”
CoachMePlus operates with a lean team of 12 people
“We've only got 12 people. We run a very lean organization.”