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TRILLFIT

Boston's 1st Black-owned boutique fitness brand is disrupting an entire industry
Black Founders Social Impact Women Founders Fitness
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Republic (OpenDeal Portal LLC, CRD #283874) is considering hosting this Reg CF securities offering by TRILLFIT, Inc.
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Highlights


25-49 employees
Company has 25–49 employees on payroll
$500K+ revenue
Company had over $500K in revenue in the past 12 months
  • First Black-woman owned boutique fitness studio in Boston
  • Best of Boston Winner: 2018, 2020, 2021
  • Awarded $100,000 from ClassPass for Social Impact
  • Featured on Good Morning America for COVID-19 Pivot & Digital Program
  • Angel + Dren opening their second juice bar, Mad Juicy, inside BK studio
  • New York Flagship includes a full-service spa + 4 BIPOC therapist offices
  • Advisory Board includes experts from companies like The Fader & Netflix

Problem


The boutique fitness industry is unwelcoming at best and racist at worst

BIPOC instructors have been erased; female millennials seek an inclusive and fun workout

Chances are, when you walk into a boutique fitness studio, you’re not going to see another person of color unless they’re in a support staff or facilities role within the building. For a lot of diverse consumers, that's not good enough anymore. Representation is necessary. Female millennials seek wellness experiences that speak to them and entice them—while also amplifying their values.

Brands can no longer stand on the sidelines—they must choose. While the wellness industry has been called out for being rife with performative allyship, TRILLFIT has charted a new industry-changing path: building wellness experiences that are inclusive, fun, and addictive.

Solution


Boutique fitness that's blacker than the competition

TRILLFIT is a boutique fitness brand redefining wellness through our award-winning classes, earnest approach to diversity, inclusion, and equity, and deep commitment to community and public health.

At TRILLFIT, everyone belongs. We pride ourselves on our industry-leading approach to diversity and inclusion, which has been heralded by industry champions.

Product


Boston & Brooklyn flagships

Beacons of wellness in the community

TRILLFIT’s flagships studios offer a variety of accessibly-priced wellness options and employ mainly BIPOC wellness practitioners.

TRILLFIT subleases its interior spaces to fellow BIPOC and LGBTQ+ community entrepreneurs such as Pedro Aguirre, Vanity Loft salon (Boston) Angel and Dren Coleman, Mad Juicy juice bar (Brooklyn).

People can experience TRILLFIT in-person at TRILLFIT studio or online in a digital class.

—
BOSTON | 1484 Tremont Street, Boston, MA (Mission Hill)

—
BROOKLYN | 501 Bushwick Avenue, Brooklyn, NY (BedStuy)

Traction


Poised to scale 2 studios →18 studios


TRILLFIT’s revenue 2022



Current financials


Launched in 2015, TRILLFIT has experienced double- or triple-digit growth every single year, and scaled to a projected $3M business this year with the opening of its second and third flagships. 

Customers


TRILLFIT members

Female millennials name TRILLFIT their must-visit fitness spot due to the award-winning classes and commitment to diversity and inclusion.

—
TRILLFIT products are:

Attainably priced
Drop-ins: $18–20 (Industry: $35–50)

Mood-elevating
TRILLFIT classes remind people that working out can and should be fun, inclusive, and welcoming.

Supporting mental health & self-care initiatives
With meditation, talk therapy led by BIPOC therapists, community, and more, TRILLFIT supports healthy self-care and mental health programs.

Distributed in a feel-good atmosphere
TRILLFIT's luxurious studios are welcoming, ADA accessible, and outfitted with all-gender bathrooms.


What our audience has to say


Business model


TRILLFIT has a high-performing profitable flagship & digital model

4,900 customers served to date
$3M+ 12-month forward-looking revenue 


TRILLFIT’s main three revenue drivers — fitness, events, and rentable space — are projected to gross over $2.7M in 2022.



Now is the time to grow


Market


Competition


If Soulcycle is the vanilla Breyer’s Ice Cream of the wellness industry, TRILLFIT is Ben & Jerry’s. We’re craft-batch, we lead with values, we’ve got loads of personality, and we pack a punch in a small package. TRILLFIT offers a unique approach locally, since no other fitness studios in the area offer curated, beat-based workout sessions with a commitment to diversity and inclusion. Increasingly, consumers are looking to feel “welcome” and “included” and the exclusionary way of the industry is no longer accepted.

TRILLFIT has differentiated ourselves from our competitors in a couple of significant ways: 

  • Our authentic approach to diversity and inclusion has pushed the wellness industry as a whole forward through our work on our Pledge for Racial Justice (1,000+ studios in America signed)

  • Our 92% BIPOC diverse instructor pool (Industry average is 5.71% POC)

  • Our CEO has a point of view that centers BIPOC communities, and isn't afraid to be bold, radical, and decisive

  • Our response to the murder of George Floyd was heralded by the industry

Vision and strategy


The TRILLFIT vision:

A wellness community for me & you


We were so fortunate to book TRILLFIT for a virtual Cardio Dance class...There is no better way to turn your day, week or month around then through Mel's energy, the incredible playlist, and upbeat movement! Mel kept us all engaged for the duration of the 60 minute class and left folks buzzing. The class is geared towards anyone! It's body-positive, accessible to all levels and just a friendly reminder to move! And smile!

Our staff is a mix of administration and scientists that are committed to advancing research in areas including infectious disease, cancer, psychiatric research, and cardiovascular disease. TRILLFIT was a wonderful way for all of us to come together in a remote capacity and have some fun via movement. - The Broad Institute, MIT    

TRILLFIT's mission is to get people moving. In an industry where body image and size can seem to be everything, we practice front-row freedom. We believe that everyone belongs and that everyone deserves the chance to get well—and have fun.

The way our founder, Heather, describes it? "If SoulCycle and other white-washed fitness brands were ice cream, they'd be Vanilla Breyers Ice Cream. But, TRILLFIT? TRILLFIT is Ben + Jerry's; we're bold, we lead with our values, we're from New England,  we're curated, and we bring massive flavor to everything we do!"

We are on a mission to build 18 studios over the next 5 years, with the plans of being acquired in the next 10–15 years.


  • Returning studio operations 
    Post-COVID 19, we expect in-person numbers to rise 
  • Increasing TRILLFIT studios 
    More studios for communities that need them. Target markets: Houston, Detroit, Oakland, Chicago, and more 
  • Increasing digital subscriber base 
    Investing in digital to continue to super-charge growth 
  • Launch new products 
    Adding to our suite of award-winning classes

—

5-Year plan

We plan to reach $38M in revenue by 2027 through the growth of our physical studio and digital programming businesses.

Impact


A brand rooted in social justice

TRILLFIT's commitment to community and social justice is imprinted onto their business practices. We are a purpose-driven wellness business changing the face of boutique fitness. 

  • Changing the diversity of an entire industry; Building a pipeline of instructors of color | Of the trillion dollar wellness industry's practitioners, only 6% are people of color. At TRILLFIT, 92% of our instructors are BIPOC. We invest in the training of 20 Instructors of Color every single year.
  • Target Markets: Fitness Deserts | Rather than focus on areas that are abundant, TRILLFIT seeks to bring their studios to locations affected by the social determinants of health. Places where working out and wellness are not easily attained.
  • Partner Businesses: Entrepreneurs of Color | TRILLFIT subleases interior spaces to other entrepreneurs of color, giving them a chance and an opportunity to make their dreams come true.
  • Mission TRILL is our pledge to promote health outcomes in communities of color by providing increased access to our programming, supporting the initiatives of local organizations that focus on achieving health equity, and fostering collaboration with public and private sectors to redefine what wellness experiences look like and feel like. 
  • Pledge for Racial Justice in Wellness | Our response to the murder of George Floyd was to call for wellness, and to implore wellness leaders to follow 6 business principles patented by the TRILLFIT team—including donating 3% of annual profits to non-profits of color. It was signed and heralded by industry giants, MindBody and ClassPass and thousands of others.


Funding


  • $150,000 committed by Boston Impact Initiative
  • $700,000 committed by Friends + Family
  • Fast-tracked to diligence by Mass Mutual as of April 8 2022 (investment pending - minimum check size $250,000)

Founder


The TRILLFIT team

We are an experienced team focused on brand building and growth; driven forward by a black female founder who saw an opportunity. 

Heather C. White is an award-winning entrepreneur and marketing expert based in New York As CEO of TRILLFIT®,  she is changing the face of fitness, while driving annual triple digit revenue growth. In addition, she serves as a Boston Healthy Community Ambassador appointed by Mayor Walsh, bringing wellness programs to under-served neighborhoods, and sits on the Dimock Center's "Road to Wellness" Committee as well as the Boston Chamber of Commerce's Small Business Advisory Board. She was recently named an "Icon of Movement," by Foot Locker and was named to Boston Magazine’s infamous annual Power issue (as well as being the featured coverstar). 

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is considering hosting this Reg CF securities offering by TRILLFIT, Inc.

Potential perks

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About TRILLFIT

Legal Name
TRILLFIT, Inc
Founded
May 2016
Form
Delaware Corporation
Employees
34
Website
trill.fit
Social Media
Headquarters
Google Map location of of TRILLFIT
1484 Tremont Street , Boston, MA
Headquarters
1484 Tremont Street, Boston, MA, United States 02120

TRILLFIT Team
Everyone helping build TRILLFIT, not limited to employees

Profile picture of Heather White
Heather White
Founder
Profile picture of Melisa Valdez
Melisa Valdez
co-founder, Director of Talent
Profile picture of Alycia Lykins
Alycia Lykins
General Manager
Profile picture of Grace Gordon
Grace Gordon
Advisory Board
Profile picture of Andy Cohn
Andy Cohn
Advisory Board
Profile picture of Malia Lazu
Malia Lazu
Advisory Board
Profile picture of John Borders IV
John Borders IV
Advisory Board
Profile picture of JC Burton
JC Burton
Advisory Board
7 more team members
Heather White
Founder
Melisa Valdez
co-founder, Director of Talent
Alycia Lykins
General Manager
Grace Gordon
Advisory Board
Andy Cohn
Advisory Board
Malia Lazu
Advisory Board
John Borders IV
Advisory Board
JC Burton
Advisory Board

Press

Heather White Called Out a Major Real Estate Developer fo...
Boston Magazine
·
Aug 13, 2021

Samuels & Associates acknowledged its own failures, and is now working with the boutique fitness studio to improve its pr...

A Black entrepreneur wanted to find success in the Seapor...
BostonGlobe.com
·
Jul 23, 2021

In January 2020,after 18 months of planning and more than $80,000 in costs, she walked away and opened in New York City i...

Trivia Found a Way in the Pandemic
Nytimes
·
Apr 12, 2021

In a year of uncertainty, many people turned to the game for answers. Back in early 2019, Missy Steak started hosting Dra...

Fitness studio TrillFit aims to 'decolonize wellness' - T...
BostonGlobe.com
·
Sep 14, 2020

Trillfit's pledge includes diversifying membership and instructors, teaching staff about the impact of bias and systemic ...

The Trillfit Pledge Is Fighting for Racial Justice in Fit...
Well+Good
·
Aug 28, 2020

Around the time that Boston-based fitness studio Trillfit had to shut its doors due to the pandemic, an onslaught of raci...

'I Dreamed Of Being Able To Join A High-End Gym. But When...
Women's Health
·
Jul 29, 2020

About six years ago, I got a membership to a high-end gym chain and started buying class packs at an upscale boutique fit...

At Trillfit, workouts with hip-hop beats and no inhibitio...
BostonGlobe.com
·
Nov 1, 2018

"I was really tired of being the only one," she says between sips of a strawberry smoothie at The Breakfast Club in Allst...

How hip-hop-inspired fitness studio made moves during pan...
Good Morning America

Trillfit founder and CEO Heather White and head instructor Melisa Valdez talk about shifting classes online when COVID-19...

Trill of the Chase
Improper

After running as a series of pop-ups for three years, Trillfit is putting down roots in Mission Hill, with an Insta-worth...

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FAQ

How do I earn a return?

How do I earn a return?

We are using Republic's Crowd SAFE security. Learn how this translates into a return on investment here.

What must I do to receive my equity or cash in the event of the conversion of my Crowd SAFE?

What must I do to receive my equity or cash in the event of the conversion of my Crowd SAFE?

Suppose the Company converts the Crowd SAFE as a result of an equity financing. In that case, you must open a custodial account with the custodian and sign subscription documentation to receive the equity securities. The Company will notify you of the conversion trigger, and you must complete necessary documentation within 30 days of such notice. If you do not complete the required documentation with that time frame, you will only be able to receive an amount of cash equal to (or less in some circumstances) your investment amount. Unclaimed cash will be subject to relevant escheatment laws. For more information, see the Crowd SAFE for this offering.

Still have questions? Check the discussion section.

Discussion

Ask questions and share feedback with the TRILLFIT team below. If you have support related questions for Republic, please contact investors@republic.co.
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