Confidential · Seed Round
$4.1M Seed Round
High-end immersive wellness space combining thermal therapy, breathwork, and guided practice. Membership-first model with 69.5% net margins.
The Forum Carlsbad · 3,200 SF · Target 2027
$3.37M
Steady-State Revenue
33.6%
Cash-on-Cash Return
$400B+
Global Wellness Market
7%
CAGR
$1.5B+
Raised in Category (3yr)
| Bathhouse |
$120M run-rate revenue |
| Othership |
~$20M raised, 20 loc target |
| SweatHouz |
100+ franchise licenses |
| Therme Group |
$1B+ platform |
| Six Senses |
$300M exit to IHG |
Revenue
$3.37M
Facilities
($172K)
Staff
($588K)
Merch COGS
($68K)
Marketing
($120K)
G&A
($81K)
Net Income
$2.35M
70%
Memberships
15%
Day Passes
10%
Events & Partnerships
5%
Retail & Ancillary
Build Out $1.92M
Tech $433K
Ramp $778K
Rent $343K
Content $185K
Design $129K
Mktg $95K
Contingency $220K
Louis Cooper, Tech & Experience
·
Danny Davis, Growth
·
John Girard, Operations
·
John Roehrig, Creative
·
Noah Balcombe, Narrative Design
Confidential. Not an offer to sell or a solicitation to buy any security; any offer is made only through formal offering documents. Figures are management projections, not guarantees, and results may differ materially. Intended for accredited investors. Not legal, tax, or investment advice.