Ostara Center
Arts & Entertainment
Overview
Raised: $0
Total Commitments ($USD)
Platform
MainVest
Start Date
09/28/2022
Close Date
12/29/2022
Min. Goal
$400,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Revenue Share
Payment Schedule
Quarterly
Funding Type
RegCF
Return Multiple
1.75X
Rev. Share %
8.25%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
12/31/2022
Days Remaining
Not Funded
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Location
Acton, Massachusetts
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Ostara Center is raising funds on MainVest. It is an upcoming arts and entertainment center in Salem, MA. The venue will combine people’s passion for music and commitment to all performing arts, including comedy shows and plays. Ostara Center will generate revenue through admissions, food and beverage sales, and venue rentals. Stu Ginsburg and Paul Calnan founded Ostara Center in August 2022. The current crowdfunding campaign has a minimum target of $400,000 and a maximum target of $1,070,000. The campaign proceeds will be used for buildout, renovations, sound, and lighting.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/28/2022
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