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Jeffery
What do you project the cannibalization rate from your location #1, to location #2 will be, given the close proximity? Is the reason opening location #2 capacity constraints at location #1? If so, at what rate are you turning down customers at locati ...
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Citizen Pilates
ISSUER
Hello Jeffrey! There will be some cannibalization of the first location, but that is part of the plan. You can check the schedule on our website (www.citizenpilates.com), and ...
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Hieu
1) Is the second location in operation yet? Reading page 9 suggest that it has, but elsewhere in the disclosure says that it is not. 2) In the pro forma, how did you project the number of attendees ~35k/yr and average of $14/per attendee? The number ...
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Citizen Pilates
ISSUER
Hieu, thank you for your keen interest in our project! Let me know if the responses below help to answer your questions.
  1. The second location is not yet open; construction is underway and scheduled to open in December (just in time to serve ...
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Paul
Great investment opportunity with a seasoned entrepreneur, a proven business model, and financing of a successful going concern in expansion mode. The Yelp reviews of this business are numerous and glowing. I have chosen to make this my first NextSee ...
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Citizen Pilates
ISSUER
Paul, great question and thank you for the positive feedback! With the success of our first location, it was important to me to give back to our clients that propelled us to that success. Rather than seeking private individual equity shareholders, Ci ...
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