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Sportbar business loan

flagVesivärava 50, Tallinn, EstoniaReal-estate backed loansBusiness
Project typeReal-estate backed loans
CountryEstonia
Total stages3
CollateralOwner's personal guarantees

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Object overview

  • Category - Business Loan
  • Annual interest - 12%
  • Payment frequency - Monthly interest payments
  • Collateral - Gym equipment + Owner and business partner personal guarantee´s
  • Country: Estonia

NOTE: Minimum investment amount has been decreased to 50 EUR for this project.

The company Sportsbar Grupp OÜ is operating a studio type gym in Tallinn, Kadrioru Plaza building. The gym is built for mainly group training, with 2 separate workout spaces. One of them has gym equipment and the other one is designed for all kinds of group training. The company rents them out at an hourly rate to trainers. It's a unique business model, at least in Tallinn, as other gyms don't offer this type of renting possibilities for trainers.

The group workout space is equipped with everything needed for yoga, boot camp, pilates, crossFit etc, and also different martial arts like kung fu, karate and so on. The company has been operating the gym since autumn of 2021 in the Kadrioru Plaza building and plans to open another gym next year due to high demand.

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