Great Scott

Great Scott

Music Venue

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Security Type
Revenue Sharing
Categories
Entertainment
Min Investment
$100
Location
Allston, MA
Offering Date
May 26, 2020
Expected Close Date
September 30, 2020
Target Raise
$200.00K-$400.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $140. They will owe you this amount by 1/1/2028, regardless of revenue.

Company Description

Great Scott, both in brand and function, plays a unique role in Boston’s small business ecosystem, juxtaposing arts and entertainment through a niche business model. At the 240-300 person capacity range, Great Scott is able to function as both an ideal venue for up-and-coming local artists while also filling the void for the majority of national touring acts, who have strong loyal fanbases, but not enough demand to fill the larger venue tier (e.g. The Sinclair, Royale, TD Garden, Gillette Stadium). Our plan for the new iteration of the Great Scott pays homage to everything that made the former location at 1222 Commonwealth Ave. a cultural landmark, while adapting lines of business to diversify revenue streams amidst short-term uncertainty. 

Great Scott’s business model and revenues have traditionally come from two lines of business:

Bookings and Ticketing

Bar Revenue

The relocated Great Scott is focused on preserving a local institution for years to come by decreasing bar revenue’s reliance on ticketing, partnering with a locally owned restaurant partner to enable operations before phase four, and providing Allstonians and greater Bostonians alike with the best damn place ever to experience Boston’s music scene across the decades.

Use of Proceeds

  • Rent Payments: $50,000
  • Rennovation : $100,000
  • Bar Improvements: $50,000
  • Stage Equipment: $25,000
  • Liquor License Acquisition Costs: $151,000
  • Mainvest Compensation: $24,000

Management Team / Advisory Board Bios

Carl Lavin
Booking Manager
Carl Lavin has worked as the booking manager of the Great Scott for over 15+ years and helped turn the music venue into a fixture in Boston's music and arts scene. He loves music and is extremely dedicated to saving and revamping the rock club.

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $140. They will owe you this amount by 1/1/2028, regardless of revenue.

Amount Raised : $46,700
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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