Overfly Investor Workbook
Membership Academy · Manufacturing · Apparel · NIL Platform
Entry Valuation
$2.7M
Phase 1 Ownership
15%
Exit Valuation
$60M
5-Year IRR
76.0%
Investment Snapshot
$400K
Phase 1 Raise
15%
Ownership at Entry
16.9x
Phase 1 MOIC
76%
5-Year IRR
$6.75M
Investor Value at Exit
11.3%
Diluted Ownership
Chapter 1
Academy Unit Economics
Per-Location Revenue Drivers
Membership
$50/month per member
75–120 members per location
Planning target: 83.3 members
Monthly Breakeven
~$9,300 per location
Weekly Revenue Range
Low: $3,000
High: $4,500
Annual Academy Revenue
$200,000 per location
Academy Revenue Mix
Memberships
25%
Lessons & Training
25%
Cage Rentals & Leagues
20%
On-site Equipment & Apparel
20%
Team Uniforms & Bulk
10%
Chapter 2
Platform Revenue, Raise & Exit
Year 5 Revenue Streams
Phase 1 Raise Terms
Investment
$400,000
Ownership
15% at entry
Implied Valuation
$2,666,667
Phase 2 Raise
$2.1M for ~25%
Diluted Ownership
11.3% post Phase 2
Exit Scenario
$60M valuation
Use of Funds
Academy Buildout
30%
Inventory & Manufacturing
25%
Athlete Acquisition & NIL
20%
Platform & Operations
15%
Franchise Infrastructure
10%
Chapter 3
Year 1 Platform Revenue Model
Year 1 Revenue Breakdown
1 location · NIL not yet active · Legacy business anchors Year 1
Chapter 4
5-Year Projection
Base case ramp to $18M · Upside case to $26M
5-Year Revenue Ramp
Locations: 1 → 4 → 8 → 12 → 15 base / 20 upside · YoY growth: 61% → 61% → 47% → 33%
5-Year Summary Table
Rollout by Year
Academy revenue scales from $200K (Year 1) to $3.0M base / $3.5M upside (Year 5)
Rollout Revenue Detail

Year 5 academy upside of $3.5M explicitly modeled from pitch deck.
Chapter 6
Phase 1 Investor Returns
Returns Summary
$400K
Investment
$6.75M
Value at Exit
$6.35M
Net Profit
16.9x
MOIC
76%
5-Year IRR
$60M
Exit Valuation
How Capital Flows to Returns
Phase 2 raise of $2.1M for ~25% dilutes Phase 1 from 15% to 11.3%
Exit Scenario Sensitivity
Low — $45M Exit
12.7x MOIC
Base — $60M Exit
16.9x MOIC
High — $75M Exit
21.1x MOIC
MOIC Sensitivity Table
Illustrative Cap Table
Chapter 7
Year 5 Platform Outlook
Base vs Upside — Year 5
Base: $18M · Upside: $26M · Implied exit multiple: 3.3x base / 2.3x upside
Chapter 8
Revenue Bridge
Year 1 platform to Year 5 base and upside
Revenue Bridge — Year 1 to Year 5
Year 5 base: $18M · Upside equipment +$3M, apparel +$3.5M, NIL +$1M, academy +$0.5M → $26M
Bridge Stage Detail
Chapter 9
Valuation Bridge
Valuation Bridge Summary
Y5 Base Revenue
$18.0M → 3.3x exit multiple
Y5 Upside Revenue
$26.0M → 2.3x exit multiple
Exit Valuation
$60M scenario
Diluted Ownership
11.3% Phase 1
Phase 1 Investor Value
$6,750,000
Chapter 10
Source Map
All inputs pulled from the Overfly Academy Pitch Deck
Source Map — Key Inputs