How Kordis Helped a Boutique Gym Raise $750K and Fix Its Financial Chaos
Kimberly Green | 2025-08-05
TL;DR: A high-end gym in Texas had investor interest—but messy books, commingled funds, and zero financial control. Kordis stepped in, cleaned house, helped them raise $750K, and turned a monthly burn of $200K into profitability. Here's what happened—and what every founder should know. Looking for a fractional CFO for gyms ? That’s exactly what Kordis brought to the table—deep financial strategy aligned to growth and operational control. The Situation: A Gym with Buzz, Burn, and Bookkeeping Nightmares This luxury wellness space in Texas, was a founder favorite. Investors loved the brand and traction. But behind the scenes? Pure chaos. They were burning $180K to $200K a month. The co-founder acting as CFO had full financial control. Funds were being commingled with another business. Their QuickBooks account was a mess. CRM data didn’t match financial statements. No controls. No visibility. No trust. Investor interest was waning fast. Enter: Kordis . What Went Wrong: Red Flags Everywhere Kordis did what any strategic finance partner should: diagnose the root causes fast. vetted red flags: Revenue numbers didn’t tie across systems ( QuickBooks vs. CRM ) Commingled business accounts across unrelated entities No P&L by location (making expansion look worse than it was) Zero financial oversight or internal controls Investors received misleading financials It wasn’t just a cleanup job. It was a credibility rescue mission. How a Fractional CFO Fixed the Chaos and Raised $750K To keep the gym alive, Kordis had to move fast. Here’s what they did: Ran a mini quality of earnings report using CRM ( Mindbody ) to reconstruct actual revenue Used high-level assumptions to build an adjusted financial model Replaced all banking infrastructure with Mercury Locked down financial authority to just Kordis and a lead investor Implemented Ramp for spend controls and expense visibility Rebuilt a bottoms-up startup financial model from scratch Introduced internal controls, approvals, and weekly KPIs That led to a successful $750K fundraise via SAFE notes . And within 12 months, the gym reduced its burn from $200K to $50K/month. By month 18? Cash flow positive. Why You Need a Strategic CFO, Not Just a Bookkeeper This story is a reminder: tax prep and bookkeeping won’t save you when investors start asking questions. What you need is a strategic financial partner who: Understands your business model Can translate CRM + ops data into financial insight Builds investor-ready models (not templates) Speaks your industry’s language...