The Station

The Station

Early Stage

Invest in the Luxury of an Urban Oasis

Invest in the Luxury of an Urban Oasis

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Vicinity

Start Date

05/02/2024

Close Date

07/31/2024

Min. Goal
$3,000,000
Max. Goal
$5,000,000
Min. Investment

$2,500

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/26/2024

Days Remaining

65

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
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Year Founded

2018

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Location

Greenville, South Carolina

The Station is raising funds on Vicinity. It is a luxury property in Travelers Rest, South Carolina, by Compo Hotels. The Station is spread across 6.5 acres on the Swamp Rabbit Trail and combines thoughtfully designed lodging and event venues. Compo Hotels is planning to expand The Station and add 16 suites, four treehouses, a food hall, an event venue, and a barn to the already operating eight cottages. Brice Bay founded The Station in October 2018. The current crowdfunding campaign has a minimum target of $3 million and a maximum target of $5 million. The campaign proceeds will be used for construction, development, and loan repayment to facilitate new construction debt.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$132,700

$28,701

COGS

$236,606

$187,176

Tax

$0

$0

 

 

Net Income

$-256,907

$-212,216

Summary Balance Sheet

FY 2023 FY 2022

Cash

$7,245

$8,763

Accounts Receivable

$0

$5,825

Total Assets

$3,227,572

$3,348,091

Short-Term Debt

$1,372,556

$151,622

Long-Term Debt

$2,720,510

$2,805,056

Total Liabilities

$4,093,066

$2,956,678

Financials as of: 05/02/2024
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The Station on Vicinity 2024
Platform: Vicinity
Security Type: Equity - Preferred
Price per Share: $1.00

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