Classic Movie Theatre in Vibrant Downtown Belfast

Not Disclosed, ME


Asking Price: Annual Revenue:
$1,300,000 Not Disclosed

Recreation: Entertainment


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RE: Classic Movie Theatre in Vibrant Downtown Belfast Broker: Juliet Kelsey-Holmes

Quick Facts

Asking Price: $1,300,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 306062496
Broker Reference #: 49532-186399

Email or Print Listing

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Business Overview:

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.
Real Estate is Listed with:
Worth Real Estate
118 High St, Belfast, ME 04915

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

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Reason for Selling:

retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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