This round is no longer accepting investments, but hundreds just like it are live now.

CLOSED

GET A PIECE OF GARRA FISH SPAS

Relax, Rejuvenate, and Refresh with Our Fish Spa Experience

Garra Spas delivers a fun, unique spa experience to everyday users with our custom-designed tanks where a special breed of Garra Rufa fish provide a special therapeutic experience to our customers’ feet. Available in corporate and franchise locations across six states since 2016.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$133,962.12 Raised

REASONS TO INVEST

Our specialized breed of toothless Garra Rufa fish and patented filtration system create a highly hygienic and pleasurable fish spa experience.

Our revenue grew 111% YoY from 2021 to 2022 and our cost of sales was only 3% in 2022. Our founders bring decades of experience in business, sales, negotiation, retail leadership, psychology, and human resources.

We recently unveiled our sleek new kiosk footprint, and now we are in the process of expanding our presence nationwide through locations at Simon Malls and Tanger Outlets.


The Pitch


Delightfully Relaxing and Highly Hygienic Fish Spa Experiences


At Garra Spas, our mission is to create a fun and relaxing experience people can’t find anywhere else through our fish spas. Our authentic breed of Garra Rufa fish are 100% toothless, and our patented filtration and sterilization process protects both the hygiene of our customers and the longevity of our fish. We focus on high-traffic, tourist destinations in six states, including Florida and Nevada, creating memorable in-person experiences for customers of all ages. Now, with our new kiosk model complete and locations in place with Simon Malls and Tanger Outlets, we are ready to expand.



The PrOblem & Our Solution


Memorable In-Person Experiences In Popular, High-Traffic Locations

Currently, shopping centers struggle to compete against online shopping, often lacking offerings that can only be experienced in person. Meanwhile, customers are constantly seeking new ways to form fun memories with friends, family members, or significant others. 



Our fish spa experience is a soothing, fun, and tactile experience that brings people together in the real world. With both franchise and corporate arms, we generate revenue from franchising fees and ongoing royalties as well as sales from our corporate locations. Additionally, we offer a line of spa products, including hand and foot creams, body butters, and salt scrubs. These products are sold in both our franchise and corporate locations.



The Market & our traction


A Fresh New Kiosk Design Ready For Market Expansion



Our target locations include high-traffic tourist destinations such as cruise ports, travel hot spots, and large cities. Our fish spa experience is perfect for date nights, business team-building exercises, bachelorette parties, and more. 


We have patented both our filtration system and our chair/tank design. To date, over 2 million customers have enjoyed our fish spa experience and were profitable in 2021 and 2022. We recently unveiled our new kiosk footprint with a newly designed spa chair including 360-degree views, beautifully lit acrylic walls, and softer seating. 



Since the release of the new footprint, four new locations have opened, and the demand from shopping centers has dramatically increased. Now, our locations at Simon Malls and Tanger Outlets could allow us to expand nationwide. 



WHy Invest


On A Mission to Help More Customers Relax and Rejuvenate


As we expand, we intend to open additional locations in our most popular current markets including South Florida, Las Vegas, and along the southeast coastline. We also plan to break out in new markets based on our target areas like Texas and New York and have interest from major property owners, such as Simon Properties.


Join us as we build the corporate side of our business to accompany our existing profitable franchising side to bring a delightful, memorable fish spa experience to customers everywhere.



ABOUT

HEADQUARTERS
27001 US HWY 19 N., Suite 2056
Clearwater, FL 33761

Garra Spas delivers a fun, unique spa experience to everyday users with our custom-designed tanks where a special breed of Garra Rufa fish provide a special therapeutic experience to our customers’ feet. Available in corporate and franchise locations across six states since 2016.

TEAM

Andrew Gelfand
Andrew Gelfand
Chief Executive Officer, Director
Andrew has more than 20 years of experience in entrepreneurship and business start-ups. He has launched several successful companies in the U.S. and Australia, including AG Worldwide, a marketing and advertising agency operating in multiple territories. AG Worldwide is now being operated by another party, which frees Andrew to work full-time and exclusively on Garra Fish Spas. Andrew has a degree in international business and specializes in sales and contract negotiations. He co-founded Garra Fish Spas with James in 2016. 
James Kalp, Ph.D., SHRM-SCP
James Kalp, Ph.D., SHRM-SCP
Chief Operating Officer, Chief Financial Officer, Director
James has more than a decade of retail leadership experience with two Fortune 100 companies. He has a PhD in organizational psychology and specializes in entrepreneurial leadership and organizational development. James also holds a SHRM senior certified professional (SCP) in human resources designation. James has experience working with large companies, such as Lowe's, The Home Depot, and Procter & Gamble, small startups, an international business, and a nonprofit. James currently volunteers about 10 hours/month on the Board of Cornerstone Methodist Church. He co-founded Garra Fish Spas with Andrew in 2016.
ShaRon Willis

ShaRon Willis

VP, Human Resources, Secretary

ShaRon has more than 20 years of experience in business administration, management, human resources, and recruiting. She has worked for major corporations such as AT&T, John Deere, and American Express. ShaRon has been with Garra Fish Spas since 2018.

Darren Mahfuz

Darren Mahfuz

Sales Manager

Darren has extensive experience in sales and customer service. He leads the company in customer service, productivity, and the number of products sold in a single day. Darren has managed several Garra locations. He has been with Garra Fish Spas since 2017. 
Deb Kalp

Deb Kalp

Operations Manager

Deb has more than 20 years of experience in the medical field. She collaborates with website developers and social media liaisons to ensure flawless brand representation. Deb oversees operations at Garra headquarters in Clearwater, Florida. She has been with Garra Fish Spas since 2017.

TERMS

Garra Fish Spas
Overview
PRICE PER SHARE
$2
DEADLINE
Oct. 10, 2023 at 6:59 AM UTC
VALUATION
$20M
FUNDING GOAL
$15k - $1.24M
Breakdown
MIN INVESTMENT
$264
MAX INVESTMENT
$1,235,000
MIN NUMBER OF SHARES OFFERED
7,500
MAX NUMBER OF SHARES OFFERED
617,500
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$9,955

$23,902

Cash & Cash Equivalents

$9,955

$23,902

Accounts Receivable

$0

$0

Short-Term Debt

$1,233

$870

Long-Term Debt

$0

$0

Revenue & Sales

$979,526

$447,985

Costs of Goods Sold

$30,302

$0

Taxes Paid

$0

$0

Net Income

$508,038

$146,710

*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*

Loyalty Bonus | 15% Bonus Shares

Investors who reserved shares in our Testing The Waters and invest in the offering are eligible for 15% additional bonus shares.

Combo/Avid Investor Perk

Early Bronze

Invest $500+ within the first week and receive 5% bonus shares.

Early Silver

Invest $1,000+ within the first week and receive 7% bonus shares. 

Early Gold

Invest $2,500+ within the first week and receive 10% bonus shares. 

Early Platinum

Invest $5,000+ within the first week and receive 12% bonus shares.

Early Diamond

Invest $10,000+ within the first week and receive 15% bonus shares.

Volume-Based Perk

Tier 1

Invest $500+ and receive an invitation to Private Investor Group.

Tier 2

Invest $1,000+ and receive a gift card valued at $100 to be used in a store of nomination. 

Tier 3

Invest $5,000+ and receive 3% bonus shares + 1 month of membership at a nominated Garra Spa location, plus 2 body butters.

Tier 4

Invest $10,000+ and receive 5% bonus shares + 6-month membership to a nominated Garra Spa (unlimited usage) + 30-minute call with CEO.

Tier 5

Invest $25,000+ and receive 10% bonus shares + 12-month membership to a nominated Garra spa for 2 people + 60-minute call with CEO.

Tier 6

Invest $50,000+ and receive 15% bonus shares + lifetime membership to a Garra Spa of your choice + 60-minute call with CEO.

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

StartEngine 10% OWNERS BONUS

Garra Fish Spas will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $2.00 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $200. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and the time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and Loyalty Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

PRESS

Article Image
Insider

More Than 120 Investors Are Already on the Hook for Garra Fish Spas at Start Engine

ALL UPDATES










REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Garra Fish Spas.

10%

Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

Owners bonus

Owner’s Bonus

Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).

JOIN THE DISCUSSION

0/2500

BC
Bennett Cookson

2 months ago

What is the reason the fish are illegal and what are you doing different to allow it?

0

0

DA
David Amin

2 months ago

The financials look baked up. At $20M good luck to the investors......Way lofty valuation. Ask would shark tank invest..? Why are you ? Plus these fish carry disease and this is hard on the fish. Just google it and you will see the downside.

0

0

OT
Orion Torcellini

4 months ago

Ok Adrian, fresh comment chain since all you want to do is see Andrew’s hard work be clouded by people arguing in the comments. So go ahead, after he answered my question succinctly, you come in to cause issues, lets make it clear for andrew how much you care about putting a good face on for something you supposedly invested in. If not, why are you even here?

1

0













OT
Orion Torcellini

4 months ago

Andrew, Your reply about the legality of your services concerns me. These fish ARE illegal in 9 states for use in spa procedures. California Florida Maine Massachusetts New Hampshire New Jersey New York Texas Washington I have found laws either pending committee or being re-introduced in 21 states in total regarding this procedure. Are you completely oblivious to the legal framework your company is trying to operate in? Or are you pretending like you dont know so it doesnt have to be disclosed as a risk?

1

0













PW
Paul Wood

4 months ago

We lived in Japan for five years and always had fun going to the "doctor fish" spas. They were a lot of fun. Not sure how Americans are going to feel about this though. The PETA people will probably be working to shut you down for abusing the fish.

2

0













DL
David Laquidara

4 months ago

Is this legal in all 50 states?

3

0













OT
Orion Torcellini

4 months ago

Adrian Ill be honest he asked a pretty straightforward question that I also wanted the answer to. If you are in any way associated with this company thats a significant issue to have you mouthing off to potential investors asking questions. If thats the worst youve seen you must be new here. I will be holding off on moving forward in any regard until thats all cleared up. Sad to see

2

0













rb
roger bennett

5 months ago

oi, got it and sorry for being a little harsh in my comment! actually, i was way out of line - was having a bad morning - apologies again!

2

0













rb
roger bennett

5 months ago

this is probably the worst pitch i have ever seen on this site mainly because of the repeated use of the word theraputic in describibng the fish without once explaining the benefit of the fish - strong pass!

1

0













HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

REWARDS

We want you to succeed and get the most out of your money by offering rewards and memberships!

SECURE

Your info is your info. We take pride in keeping it that way!

DIVERSE INVESTMENTS

Invest in over 200 start-ups and collectibles!

FAQS
Crowdfunding

With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.

With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.

At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.

RAISED
$133,962.12
INVESTORS
131
MIN INVEST
$264
VALUATION
$20M

Get To Know Us

Our Team

Careers

Blog

Important Message

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.

www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.
Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA / SIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.

Investment opportunities posted and accessible through the site are of three types:

1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.

Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.
By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.

Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.

California Investors Only – Do Not Sell My Personal Information

(800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.

StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.

The availability of company information does not indicate that the company has endorsed, supports, or otherwise participates with StartEngine.

None of the information displayed on or downloadable from www.startengine.com (the any security. It also does not constitute an offer to provide investment advice or service. any security. It also does not constitute an offer to provide investment advice or service. any security. It also does not constitute an offer to provide investment advice or service. StartEngine does not (1) make any recommendations or otherwise advise on the merits or advisability of a particular investment or transaction, or (2) assist in the determination of fair value of any security or investment, or (3) provide legal, tax, or transactional advisory services.

All investment opportunities are based on indicated interest from sellers and will need to be confirmed.

Investing in private company securities is not suitable for all investors. An investment in private company securities is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. Each investment also carries its own specific risks, and you should complete your own independent due diligence regarding the investment. This includes obtaining additional information about the company, opinions, financial projections, and legal or other investment advice. Accordingly, investing in private company securities is appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment.

StartEngine Marketplace (“SE Marketplace”) is a website operated by StartEngine Primary, LLC (“SE Primary”), a broker-dealer that is registered with the SEC and a member of FINRA and the SIPC. (“SE Marketplace”) is a website operated by StartEngine Primary, LLC (“SE Primary”), a broker-dealer that is registered with the SEC and a member of FINRA and the SIPC. (“SE Marketplace”) is a website operated by StartEngine Primary, LLC (“SE Primary”), a broker-dealer that is registered with the SEC and a member of FINRA and the SIPC.