Classic Movie Theatre in Vibrant Downtown Belfast Maine

$ 1,300,000.00
Cash Flow: N/A

  • Post Updated: 2021-06-01 12:53:32
  • Status:
  • Year built: In operation since 1912

Description

Business Description

This is a once-in-a-lifetime opportunity to own a beloved piece of Maine, movies, and theatre history with a loyal, passionate following. An iconic theatre with 3 screens, including one with the classic original stage to offer live entertainment possibilities and carry on 109 years of popular culture tradition in the heart of thriving Mid-Coast Maine.

Located in the center of Belfast’s Historic District at the head of Penobscot Bay. This progressive coastal city of 6700 boats a rich collection of well-preserved architecture, both commercial and residential, dating back through the 19th century. The Colonial Theatre is listed on the National Register of Historic Places, providing its next owner the opportunity to maintain the theatre’s historic legacy as well as its place as a significant community hub.

The theatre has a small city retro feel that welcomes the modern movie goers who come again and again, playing their role in this living example of America’s original downtown movie palaces where the “Show Starts on the Sidewalk.”

This successful business has been profitable year after year not only due to offering a unique movie going experience, but also because there is no competition with other cinemas within many miles of Belfast.? While the theatre has been temporarily on hiatus due to the pandemic, it is poised to spring back with significant pent-up demand when the theatre reopens and the movie industry surges.

Centrally located in the heart downtown Belfast, close to restaurants, shopping, services, and the working waterfront, this community institution is a prominent part of a walkable city. This historic Art Deco 3-screen theatre was built in 1912 and rebuilt in 1924 after a fire. The property has been carefully maintained, expanded and modernized with full digital projection. Sale includes business, real estate, equipment, assets and inventory.

Check out this VIDEO to see more of this extraordinary Property & Business: https://vimeo.com/user30622033/review/536169439/5ed1425c30

Real Estate is Listed with:
Worth Real Estate
118 High St, Belfast, ME 04915
207-338-5265

Listing Details

Price: $1,300,000

Down Payment: $0

Sellers Discretionary Earnings: $50,000

Total Sales: $384,000

Location: Belfast, ME

Inventory: tbd

FF&E: $0

Employees: 14 part-time plus manager

Year Established: In operation since 1912.

Reason for Selling: Retirement

Category: Theater

Detailed Information

Location:  Belfast, ME
Reason for Selling:  retiring
Business Website:  http://colonialtheater.com

This style property is located in is currently and has been listed on Maine Business Advisors. This property is listed at $ 1,300,000.00. It has bedrooms, bathrooms, and is . The property was built in In operation since 1912 year.

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