Sport Goods Company Investment Opportunity in Gzira, Malta

Covid-19 was a wake-up call to the world and well-being sharply declined globally.

We are the first booking + rental marketplace for fitness and action sports enabling diverse and cross-over experiences whilst helping people restore their needs and businesses re-generate revenues. While doing so, we are paving the way to enhance access to an active lifestyle in a post-pandemic world.

We are an early-stage start-up in the early-revenue phase and have developed a p2p marketplace for booking and renting fitness and action sports equipment and experiences. We will soon launch an Airbnb-like booking system for private home gyms.

Latest News: Fitness Hire is granted the B. Start startup grant programme by Malta.

Closed preliminary partnership with global sports and fitness retailer Decathlon.

Enterprise.

Proof of concept: Prior to developing the prototype, over 1000 private owners and renters were surveyed, whilst 150 commercials were interviewed across Europe (Milan, Amsterdam, Dublin, Malta); we received over 50% positive feedback.

Product: We have our own in-house development team. As part of a more comprehensive multi-market MVP phase, starting from last month, our prototype was launched in three English-speaking countries of the Euro Zone: Malta, Ireland, and the Netherlands. By next Q1 2021, we will develop the multi-language European portal and deploy the first release in the UK and US.

Marketing: We launched a corporate blog including Facebook and Instagram pages, which are currently being promoted. Additionally, we have launched an Early Bird campaign to onboard private owners, commercial gyms, retailers to rent their equipment on our platform.

Partnerships: Established preliminary partnerships with local players to provide local supply for the MVP markets as well as global digital content providers (i. e. personal trainers)

Revenue model: Have 3 different channels of revenue. Our first model is to charge a 20% commission on all transactions through the marketplace. We have plans for a subscription-based model to sell digital content with and online coaching sessions third party suppliers. Our third model is to leverage customer insights and analytics data for revenue.

Team: Outstanding board of advisors has been appointed. Started onboarding conversation with potential CTO.

Funding: Malta state grant pre-seed funding and post seed.

Currently there are more than 150 vendors, over 1000 items and inventory value exceeds 0.5M £

- P2P rental marketplace for fitness and action sports equipment. (developed)

- Airbnb-like home-gym booking. (Under development)

- experience booking features for local businesses and qualfied professional.

Registered trademark, domains, technology and office infrastructure.

Lease office in a 1-storey building located in Gzira.