CrossTown Fitness Announces Crowdfunding Opportunity to Open Third Location
January 25, 2017
Illinois investors for the first time ever can invest in Chicago’s premier high intensity interval training gym, CrossTown Fitness (CTF). CTF is one of many local companies raising capital through “crowdfunding”, made possible through a new Illinois intrastate crowdfunding law. The monetary contributions will help the boutique gym add an additional third Chicago location, contribute to the local community and provide extra reward perks to investors.
With crowdfunding now ready to be utilized by businesses, patrons have the exciting opportunity to help CTF grow through their own investments. CEO of CTF, Charlie Graff, comments, “We’re thrilled to offer our loyal clients and fans a hands-on way to join the company and the CrossTown Fitness family.”
How to Join the CTF Family
CTF is conducting a $500,000 debt crowdfunding offering through the crowdfunding portal, VestLo.com to open a new location. Those who participate in the offering will not only become investors in the new CTF location but will be entitled to receive certain perks including discounts on membership, guest passes, child care, and more. Investors must be Illinois residents and for details on the offering please go to VestLo.com.
By opening an additional storefront, CTF will also contribute to the surrounding community. The new location will create 20 sustainable jobs necessary for operation. Similar to CTF’s other gyms, the new storefront will also further the area’s healthy lifestyle with wellness classes and local partnerships.
More on CrossTown Fitness
CTF opened its flagship location four years ago in Chicago’s West Loop and in 2015, opened a second location on the NorthSide. CTF offers members hundreds of different total body group fitness classes, one-on-one personal training programs, an open gym and opportunities to workout at locations around the city. Both locations have additional amenities, such as childcare and an indoor/outdoor café.
For other questions including pricing, schedules and more, visit the website, Facebook, Twitter and Instagram @ctfchicago.