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Days left0
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Base rate until10,00%
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Investment duration48 MONTHS
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Investors250
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Min/Max investment100 / 430.000€
WHAT AM I ABOUT TO INVEST IN?
The company Fitness Sassuolo S.r.l. requests a minimum financing of € 215,000 (with a maximum of € 430,000) necessary for the energy requalification and restructuring of a property used as a Gym and Fitness Center of the FitActive Group.
The space is approximately 1900 square meters - divided into 600 square meters on the first floor; 700 square meters on the second floor and 600 square meters in the basement - allowing 100 people to train simultaneously at an affordable cost, bringing benefits to the community and the reference area.
The FitActive Gym in Sassuolo is already operational and was inaugurated on June 15, 2024.
The interventions carried out in the gym, which involved requalification and restructuring, included civil, electrical, and mechanical works carried out according to a project compliant with the most recent energy efficiency standards - specifically:
- Remaking of masonry works
- Replacement of fixtures
- Installation of energetically efficient heating system with power greater than or equal to 100 kW
- Installation of electrical systems
- Installation of hydro-sanitary technological systems
- Installation of efficient air treatment
Thanks to the construction of the FitActive Gym, it was possible to improve and optimize a property that was in a state of abandonment, bringing extensive environmental and social benefits by also redeveloping the area and the area of interest of the stakeholders involved.
The interventions allow for a building with an energy performance in class A2, one of the highest and in line with standards of high energy efficiency.
INVOLVE AND PARTICIPATE
The goal of the lending crowdfunding campaign is to allow collective participation in investment, benefiting economically and environmentally from efficiency and redevelopment interventions.
FitActive has chosen to involve its community, also rewarding the local community of Sassuolo where the Gym is located, by offering favorable rates to different types of investors to actively participate in the redevelopment and efficiency.
HOW IS THE INVESTMENT REPAID?
The company has carried out the work in full equity through its own funds from the partners and the Parent Company, it does not have active credit lines and has chosen crowdfunding as a way to refinance the interventions, both to optimize cash flow management and to activate a financial instrument to stimulate the involved FitActive stakeholders and the community.
The requalification and restructuring interventions have been carried out by an EPC (Engineering, Procurement & Construction) Company - Fitness Sassuolo will repay the work thanks to its own activity and the Parent Company Fitness Investment, the FitActive Group's Holding Company - within a period of about 48 months, a time sufficient to recover from the investments made as well as from the business plan projections.
The crowd loan is an alternative way to manage cash flows, refinance amounts and at the same time stimulate stakeholders and the involved community, deriving an economic, environmental and social benefit.
QUALITATIVE SCORING AND FINANCIAL SCORING
ENERSCORE+ & EASYSCORE INTEGRATED EXPERT
Ener2Crowd provides a first qualitative parameter called "ENERSCORE+" that is assigned to each individual investment proposal. This parameter defines a SCORING that objectively, comprehensively, and understandably summarizes all the data that characterize the project from a technical point of view, ranging from an ESG evaluation expressed in CLASSES, to a verification of activated SDGs (Sustainable Development Goals).
A specific Financial Rating called "Integrated Expert Easyscore" is expressed, resulting from the credit analysis carried out by EasyFintech company, which verifies the reliability and creditworthiness of the Project Owner Company. EasyFintech S.r.l. is a company that operates as a commercial information dealer with License art. 134 TULPS Prefecture of Milan prot. no. 14795/12B15E dated 31/01/2020.
In the case of the Project proposed by FitActive Sassuolo S.r.l., the resulting EnerScore+ is 11.28, so an ENERSCORE+ A (ESG) is assigned, while the Integrated Expert Easyscore is at level 2 - SECURITY (it should be noted that the Integrated Expert Easyscore has been calculated - given the recent history of Fitness Sassuolo S.r.l. - on the Parent Company Fitness Investment S.r.l. through the Autonomous Guarantee).
Qualitative Scoring - EnerScore+
Elements taken into consideration:
- Clarity of project objectives and comprehensibility of descriptions;
- Strategic value of the project;
- Project business plan;
- Clarity of information;
- Technical-project verification;
- Evaluation of the integrity of the project owner's team;
- History and experience on the Platform of the project owner, and if applicable, punctuality track record of installment payments;
- Consistency of the crowdfunding project with the purposes and mission of the platform, particularly environmental sustainability, innovation, positive impact on the territory, ethics of the service offered, and social impact;
- Activated SDGs by the project;
- ESG report provided by Cerved Rating Agency.
Integrated Score issued on 24/05/2024 - confidential and not reproducible
(Integrated Expert Easyscore calculated on the Parent Company Fitness Investment S.r.l. through the Autonomous Guarantee given the recent history of Fitness Sassuolo S.r.l.)
Financial Scoring - Integrated Expert Easyscore
Elements taken into account for the calculation of the Integrated Expert Easyscore Report - (classes from 1 to 10 with a score of 0 - 100) prepared by EasyFintech S.r.l.:
- Company structure, actual owners, and reputational analysis;
- Analysis of key people and related companies;
- Last three deposited financial statements;
- Financial scoring (Crif, CriBis, CeBi, Cerved, Dun & Bradstreet);
- InfoCamere database analysis
- Any bad news regarding company owners and administrators
- Any prejudicial registrations or notations concerning the Project Owner, controlling shareholders, and company representatives
- Statistical methodologies based on Artificial Intelligence, Machine Learning, and Data Analysis;
- Commercial reliability scoring;
- Central Risks Analysis by the Bank of Italy.
NOTE: It is specified that these values represent only a reflection element that an investor can consider when deciding to participate in the financing.
INTEREST RATE DEFINITION
In recent months, the global socio-economic context has led to a strong increase in inflation, which is the prolonged increase in the average level of prices for goods and services: the ECB has therefore predicted an increase in interest rates on mortgages and loans with the aim of preserving consumers' purchasing power. The increase in central rates is a macroeconomic policy to counter inflation: the goal of increasing rates is a reduction in purchasing power, reducing available liquidity for both individuals and companies, to slow down the economy and avoid a continuous uncontrolled rise in prices.
In June 2024, after 5 years, the ECB made a first cut in interest rates of 0.25 percentage points following macroeconomic estimates, opening up new scenarios in the financial market.
INDEXATION TO EURIRS AND EURIBOR INDICES
Just as banks determine the interest rate applied to loans, in this case too, the interest rate is linked to the EURIRS index (in the case of a fixed rate) and the EURIBOR index (in the case of a variable rate).
THE PLACE OF THE INTERVENTION
The gym and fitness center of FitActive Sassuolo is located at Via Circonvallazione Nordest, 141, 41049 Sassuolo (MO).
FITNESS SASSUOLO S.R.L. (FITACTIVE GROUP)
Fitness Sassuolo S.r.l. is one of the many companies of the FitActive Group dedicated to gym and fitness activities located in Sassuolo and operational since June 2024.
Each FitActive Club is conceived as a design space, designed to include all the most requested fitness equipment from the best brands, as well as large fitness classes and relaxation areas, in approximately 1000 square meters.
Furniture, colors, and lighting are designed to create the same atmosphere in each Club, complemented by decorations, music, and a well-prepared and customer-oriented staff.
FitActive focuses on taking care of every aspect that can satisfy the needs of its subscribers, both for the individual and for the Club locations.
THE FITACTIVE GROUP
FitActive is the leading Fitness group in Italy, the first in terms of the number of Clubs opened and present on the market for just over 10 years.
The results achieved over the years have made FitActive the model company for "Fitness for Everyone".
Each of the over 80 Clubs already open offers a subscription formula with numerous services, unlimited access 24 hours a day, 7 days a week, starting at 19.90 Euro.
Moreover, with a single subscription, it is possible to train in all the active gyms and those that will open in the future.
• Accessibility - FitActive believes that everyone has the right to success and well-being. Therefore, it encourages its members to achieve their goals in its Clubs and supports new entrepreneurs who choose it to embark on a path to success.
• Professionalism - FitActive guarantees high-level professional support, from the Consultants at the reception to the Personal Trainers in each facility, up to the specialized professional figures working in the headquarters. A solid and competent team to build a leading brand that always aims high.
• Quality - FitActive is a Gym chain focused on well-being. The subscription offer aims to guarantee everyone the opportunity to practice fitness and live better. Everyone has the right to well-being and in each FitActive location, anyone finds the same quality standards.
THE HISTORY
Eduardo Montefusco is the CEO of FitActive. He started his professional career as a computer programmer, working on the development of banking software for some of the largest companies in the sector.
His interest in the fitness world arose when he accepted the proposal to create a management software for gyms. In a short time, he became a capital partner of a gym and from there, he started his career in the industry.
This new path led him to work in the commercial sector, acquiring not only commercial but also managerial and marketing skills, which he began to apply to FitActive since 2007.
The great care and the desire to constantly reinvent the brand are the strengths that have made FitActive the franchise gym with the most active locations in Italy today.
Each FitActive Club uses the same management software, created by CEO Eduardo Montefusco, and respects the same standards of design, quality, and services in each location.
AWARDS
Deloitte, one of the four largest accounting firms in the world, has published the 2020 European Health & Fitness Market Report, in which FitActive is ranked first in terms of the number of Clubs opened in Italy. A great recognition that FitActive can be proud of.
THE OPINION OF THE ANALYST
The analysis of the Company that aims to collect funding is the result of the Report provided by EasyFintech S.r.l. - License art. 134 TULPS Prefecture of Milan prot. No. 14795/12B15E of 31/01/2020 - based on computers of available databases such as Crif, CriBis, CeBi, Cerved, Dun & Bradstreet, InfoCamere and other financial scoring tools that combine traditional analysis (economic-financial, performance, reputational) with statistical methodologies based on Artificial Intelligence, Machine Learning and Data Analysis.
FitActive Sassuolo S.r.l. is a company born in July 2023 with Ateco code 93.19.1 "sports organizations and entities, promotion of sports events". The Company is owned for 24.5% (for a total of 49%) by Zito Valentina and Mangone Vincenzo, respectively the Administrators of the Company, while the remaining 51% is owned by Fitness Investment S.r.l., the Parent Company of FitActive. The corporate structure of FitActive provides for this type for each gym of the Group; where the Shareholders/Administrators hold 49% of the total shares, while the majority of 51% is held by Fitness Investment S.r.l.
Given the recent history of FitActive Sassuolo S.r.l., the analysis was carried out on Fitness Investment S.r.l.
Fitness Investment S.r.l. is the Reference Company within the FitActive Group, born in September 2017 - with Ateco code 93.13. In these years of activity, it has literally climbed the reference sector becoming the main Operator in Italy and Europe in terms of the number of active gyms (133 Clubs in July 2024) and dedicated services to its subscribers thanks to an innovative and democratic formula for accessing fitness services.
The Company has a share capital of €5,000,000 fully subscribed and paid up. The Administrator of Fitness Investment S.r.l. is Edoardo Montefusco, as well as the reference entrepreneur who gave life to the FitActive initiative.
The analysis methodology adopted involves calculating a synthetic risk indicator, called Easyscore Integrato by EasyFintech S.r.l., obtained through a proprietary algorithm that integrates and synthesizes three partial scores (Easyscore Expert, CeBi Score 4, and CR Score). The Easyscore Integrato by EasyFintech places Fitness Investment S.r.l. in an area corresponding to the "Safety" judgment.
Below is a summary of the analyses of the other partial scores:
• Rating Cribis D&B: evaluates the financial solvency and commercial reliability of the company through the calculation of the Cribis d&b Rating (Failure score, Delinquency score, Paydex Cribis d&b, negative events). Fitness Investement S.r.l. has been assigned a Cribis Rating equal to "1" with a "minimum" cessation risk; and a financial consistency of €8,364,727.
• CeBi Score 4: CeBi elaborations provide the calculation of PD - Probability Default through a certified algorithm for the banking world, within the framework of scoring models and internal rating systems (so-called Internal Rating Based) used by Italian Credit Institutions. The scores evaluate the economic and financial solidity of the company, placed in its current and prospective economic system of reference. The analysis of the balance sheet as of 31-12-2022 from the standpoint of insolvency risk classifies the company in the S3 class, corresponding to a High Solvency situation with a PD of 0.11%. This class includes 15.07% of companies belonging to the SPORTS ACTIVITIES sector, positioning itself above the reference sector.
• CR Score: expresses, in a synthetic way, a judgment on the manner of use of credit lines granted by the banking system, reported within the Central Risks of Banca d'Italia. The Score referring to the Central Risks of Banca d'Italia is calculated over a 12-month period. This value is reserved as it is not a public data, but the analysis has revealed elements of high solvency.
The preceding analyses, summarized in the Easyscore Integrato by EasyFintech, place the company Fitness Investment S.r.l. in a "Safety" area.
INVOLVEMENT OF THE COMMUNITY
The lending crowdfunding campaign proposed by FitActive also aims to activate different types of investors to collectively participate in the development and improvement of FitActive Clubs, resulting in a double economic and environmental benefit.
For this reason, different interest rates have been defined for the following categories:
• All investors - Annual gross interest rate 8%
• FitActive Subscribers Exclusive - Annual gross interest rate 8.5%
• Sassuolo Residents and FitActive Sassuolo Subscribers Exclusive - Annual gross interest rate 9%
• FitActive Members Exclusive - Annual gross interest rate 10%
CONTRACT STRUCTURE
The Financing Agreement is a purpose loan: Fitness Sassuolo S.r.l. undertakes to use the funds received from Investors exactly as provided for in the Project outlined in the public offer and not to divert them for other purposes.
There is a Stand-alone Guarantee by the parent company and Head of FitActive Fitness Investment S.r.l..
COST STRUCTURE
The estimated cost for the implementation of the interventions is estimated at a total of approximately €545.000. The minimum target of the collection on Ener2Crowd will cover 40% of the Capex, while the maximum target will cover 78% of the total.
The lending crowdfunding campaign is a loan that the company needs to refinance the estimated redevelopment works of the property, amounting to €430.000; the remaining portion of the Capex is covered by company funds.
AMORTIZATION PLAN
The amortization plan provides for the repayment of Capital and Interest at each installment. There are four pre-amortization installments consisting of only interest; thereafter, there will be quarterly installments amounting to € 41.919,46.
The following amortization plan for Fitness Sassuolo S.r.l. is calculated with an interest rate of 10% for a total of €430.000.
N.B.: The start of the amortization plan is completed from the first available date after the terms of the release have expired, therefore the table shown is a mere simulation containing the first available date in case the campaign is completed at its expiration.
*net of any tax withholdings.
CONFLICTS OF INTEREST
The Relevant Parties, except for the Conflict of Interest Policy Manager and the Crowdfunding Service Provider, who cannot under any circumstances participate in the Crowdfunding Offerings published on the Platform, are authorized to invest in this Crowdfunding Offering on equal terms with all other Investors and without preferential treatment or privileged access to information.
For more information, please consult the policy at the following link
SDGs ACTIVATED BY THE PROJECT
The SDGs - (Sustainable Development Goals) are 17 goals defined by the United Nations in the 2030 Agenda for Sustainable Development as a framework for a programmatic strategy "to achieve a better and more sustainable future for all" by 2030.
https://sdgs.un.org/goals
By financing this project, you can contribute to supporting and implementing the following SDGs Sustainable Development Goals:
Why these SDGs?
• SDG 3 improving the health conditions of the community through the accessibility of the structure;
• SDG 7 energy savings generated by efficiency interventions;
• SDG 8 creation of new jobs generated by the activity;
• SDG 11 improvement of the building, the neighborhood, and the city community;
• SDG 12 responsible and efficient use of available resources;
• SDG 13 combating and mitigating climate change with related reduction of GHG.
Become a protagonist of the future and sustainable development by financing this initiative!
ENERGY EFFICIENCY AND REAL ESTATE UPGRADING
Energy efficiency interventions offer numerous benefits. First and foremost, they improve energy efficiency by reducing the energy demand for heating, cooling, and lighting. This leads to a decrease in operational costs, as reduced energy consumption results in lower energy bills, generating significant long-term economic savings.
Furthermore, these interventions improve living comfort. For example, thermal insulation and window replacement enhance the quality of the indoor environment, making buildings more comfortable and healthier. Another important benefit is the reduction of CO2 emissions. By using less energy, greenhouse gas emissions are reduced, contributing to the fight against climate change and complying with environmental regulations.
Lastly, by improving energy efficiency, the wear and tear of systems and structures are reduced, extending the lifespan of buildings. In summary, energy efficiency interventions bring economic, environmental, and quality of life benefits, making them a strategic investment.
WHAT ARE THE ENVIRONMENTAL BENEFITS GENERATED BY THE PROJECT?
It is estimated that the building at which the gym and fitness center will be opened, due to its Energy Class, can generate savings, compared to a lower Energy Class building of the same size, of 545.000 kWh, which is equivalent to:
Saving 234.350 kg of CO2 in the atmosphere every year
Planting 23.435 trees, enough to cover an area of 120 football fields
Avoiding the emissions of exhaust gases from 164 cars every year
These are the effects and benefits that can also be generated thanks to your contribution!
Green Generation
Additional return bonus of + 0.5% on all green loans, reserved for Under24s (18-24 years)
