The Moon
Performing Arts Venue
Overview
Raised: $0
Total Commitments ($USD)
Platform
MainVest
Start Date
08/12/2020
Close Date
10/01/2020
Min. Goal
$150,000
Max. Goal
$500,000
Min. Investment
$500
Security Type
Revenue Share
Series
Series A
SEC Filing Type
RegCF
Return Multiple
1.25X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/15/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
1987
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
The Moon, a performing arts venue in Tallahassee, FL, is raising funds on MainVest. The venue hosts multiple entertainment and community events with extensive diversity and flexibility. The Moon has also hosted a large number of fundraisers, galas, and other benefits. Scott Carswell and Julie Carswell have owned the venue since 1984. The proceeds of the current crowdfunding campaign, with a minimum raise of $150,000 and a maximum raise of $500,000, will be used to upgrade systems and offset operating costs during COVID-19 closure. The Moon is a premier variety showcase for events and has been home to many headliners. The venue has been profitable every year for the past 35 years.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,300,748 |
$2,212,417 |
|
COGS |
$968,191 |
$956,667 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$159,216 |
$82,744 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$78,172 |
$94,990 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$430,859 |
$405,336 |
|
Short-Term Debt |
$156,196 |
$197,223 |
|
Long-Term Debt |
$248,683 |
$176,872 |
|
Total Liabilities |
$404,879 |
$374,095 |
Financials as of: 08/12/2020
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