Fun Opportunity For Stage Lovers Dinner Theater For Sale

Business description

This charming, popular dinner theater has become the crown jewel of a major redevelopment effort in a suburban Rocky Mountain community. Here is a chance to own a business that is the centerpiece of the community, and a place where you can enjoy performing, directing, or singing. Still new, and still growing, it will require an owner who intends to provide a “labor of love” until a substantial income is possible. The business has “turned the financial corner” and is making a small profit, but only because the owners provide so much of their own time and energy due to their passion for the theatre. Don’t call on this one unless you are a fan of the arts, believe in hard work, and have the time to make dreams come alive.

Property information

Real Estate:

Lease

Lease terms:

Facilities and Real Estate
Excellent generous lease valid until 2009 with two five-year renewal options. Square footage is estimated at 5700 at approx. $7.65 per sq.ft. Premises include storage, kitchen, stage, seating, bar and tavern seating, dressing rooms and office.

Other information

Expansion potential:

Strengths
Strong community support, good food, excellent location with good parking and supporting services. Immediate area is developing as an arts and entertainment center for a large, extended community and region. Excellent reputation for quality performances, consistent and well-delivered entertainment product. Owners have insured a variety of productions and quality service for all ages.
Opportunities
Owners have other full-time occupations and are working the business on a part-time basis, thus the demands on their time is extraordinary. This type of business needs an owner available for full-time management and marketing.

Competition / Market:

Competition None in the immediate community. Some in the surrounding metropolitan area, however, competitors cannot compete with cost and quality of productions from this venue.

Support & training:

The owner will provide 30 days of free transition and training for the buyer and will be available as a consultant thereafter. They will also sign a non-compete agreement.

Reasons for selling:

Family commitments require a sale.

Financing available:

Seller will consider all offers.

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$1,000 (included in the asking price)