After just 10 months of existence, Witch Room will close its doors at the end of December. The reason is simple: there isn’t enough revenue to continue.

“Fostering creativity was what we wanted most,” proprietor Olivia Coelho said in a press release. “We knew it was a risky proposition but decided to give it our best shot for ten months and see what happened.”

As previously reported, there had previously been talks to sell Witch Room to the owners of Ace of Spades and Goldfield Trading Post. However, no agreement was reached. Witch Room will be the fifth venue on the grid to close this year, following Bows & Arrows, Luigi’s Fungarden, Marilyn’s on K and Assembly Music Hall.

In March, Coelho along with co-founders Elizabeth Liles and Elizabeth Mahoney transformed the Bows & Arrows space into a full-blown entertainment venue, booking a wide array of talent—indie, bluegrass, rap, death metal, noise, deejays, comedy, burlesque, film festivals and so forth. Its diversity will be sorely missed.

Sound guy Drew Walker is putting on a special weekly open mic so local creatives—not just musicians—can have a final chance to play the venue. The next one happens Tuesday, Dec. 16 at 8 p.m. No cover, one drink minimum.

“We will all step back now, overcome our sadness that our fondest hopes have not been realized, and assess what we have learned from this effort,” Coelho said. “We all expect to maintain our intense interest in the cultural life of this city that we love, and hope to contribute to it in the future.”