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Listing ID: 2386677Listed on: February 22, 2017

A Fun Business - Historic Theatre With Bistro & Bar - Reduced Price - $40K Credit For Projector Funding - Grants - $225K Now $185K For Sale

410 4th Street, Saguache, Colorado, United States

$ 185,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

Are you ready for a move to a small town and have loads of fun working at your own renovated Historic Theater? Then this is it!

A Historic Theatre - venue can host live theater, live music, has a 3D digital top run movie projector (next closest 3D theatre is 180 miles away!)

BUILDING:
The Historic Ute Theatre is a valuable treasure. It is a landmark in Saguache County.
Original building built in 1916.
Second story addition and auditorium in 1929.
Extensive remodeling, electrical, plumbing, heating, paint, including blow-in and batt insulation, in concession area, 2 bathrooms, lobby and theatre, projection booth in 2009.
Purchase of insulated ductwork and rerouting of furnaces air intake system
Original hand painted glass house lights on dimmer switch
circa early 1900's upright piano.
Theatre Seating: 175+ (updated main area seating in 2009). There are 3 sections of sloped seating.
The left and right flanks are the original Art Deco Seats, the left section also has table seating.
The center section has been updated to comfortable high backed seats with cup holders and lots of leg room.
Handicap seating in Theatre - 1 wheelchair plus vacant areas for other handicap access.
Floor in theatre had epoxy coating applied in 2009.
Movie Screen Dimensions: 11’ x 20’ (approximate) plus a spare screen backstage.
Stage Dimensions: 11’ x 20’ center - flanks 8’ x 10’ x 1’ (triangle)

THEATER EQUIPMENT:
Brand New - BARCO DP 2k - 10S ALCHEMY 3D Digital Projector in 2015 - installed purchase price $65,000
New Dolby 3D 7.1 sound system with Dolby CP 750 digital sound processor with 6-EV surround speaker & sound system
The original 1930’s Simplex 35mm Projector (this is the original projector - still operational)
2010 Epson Short Throw Projector with wireless remote
DVD Player
VHS Player
Two gas furnaces
Laminated floor installed on stage in 2009
Carpet on stage under laminated floor
Footlights at stage installed in 2012
Overhead lights above stage installed in 2012
Original fireproof black stage curtains
Set of tan fireproof stage curtains

BISTRO / CONCESSION
1940’s Manley Aristocrat Popcorn Machine with cascading kettle (very rare)
15 cubic foot chest freezer
Oversized refrigerator / freezer
20 cubic foot commercial refrigerator
10 cubic foot commercial pizza prep refrigerator station
2012 commercial double decker stone surface pizza oven
2012 commercial cookie oven
2012 commercial display/warmer
2012 commercial soup server
Commercial Ice Machine
3 basin commercial stainless steel dish sink
Single basin commercial stainless steel hand sink
Composite mop sink
Dual water heaters
Overhead gas heater (new igniter switch installed in 12/2012)
5 foot wide vintage wood framed glass candy / pastry case
Flat screen TV
Couch for TV / Game viewing
1930's projector from the projection booth displayed in the lobby (a real crowd pleaser)
Dozens of movie posters from the last 40 years
Outdoor seating
* Currently licensed by the State of Colorado as Colorado Retail Food Establishment

SPORTS / WINE BAR
Bar area constructed April of 2012
Flat screen TV for the games (or Turner Classic Movies!)
Espresso / latte pod machine
1.5 cf on demand water heater
Single basin commercial stainless steel sink
Hardwood floors
Bar Seating - 16+
Lobby seating - 30
* Beer & Wine License State of Colorado - original date 4/2012 - currently renewed 2016

THE BISTRO / BAR
The Bistro has received great support. The Bistro has raised the income exponentially not only by offering the beer, wine, espresso and food during events and productions, but remains open for regular lunch and dinner service, along with televised sporting events. The Bistro currently offers hand tossed artisan pizza, all beef hot dogs, brats, burgers, pulled pork sandwiches, a signature Pulled Pork Parfait, deserts featuring local honey, and “Kettle Creations". It is my personal opinion, after building the business for the past 7 years, is that the theatre and the bistro are the Perfect Combination.
The beer and wine license consumption area extends out back to the rear fence. It has been fenced on three sides. Although not finished, my plan was to create a beer garden with outdoor seating, fire pit, live music stage, bbq grill and smoker.

Feedback from the community and people traveling through, or coming from outside areas for Live Theatre Production or Live Music have been incredible in regards to the quality of the food, the ambiance, and the service.

THEATRE PRODUCTIONS AND PAST LEASES
San Luis Valley Theatre Company:
5 Productions per year $5,500.00

Abiding In Him Fellowship:
2 Theatre Leases for Movie $1,000.00

Past Theater Leases
Del Norte Head Start plus group snack income
Rio Grande Headwaters Assoc
Kay Laws Philanthropy Group plus group lunch income
Saguache Pow Wow
Moffat School - Reward Programs plus group snack income
Mountain Valley School
Crestone Alternative School
The Dance Factory
Gunnison Arts Center
Crested Butte Dance Collective
Stage Left Theatre Company-Salida
ScSeed - (local non profit county wide business development group)
Independent Film Screening -"Ghosts of the Past"

*Ongoing local music on weekends before the new digital projector installation. This could be continued on a weekday to maximize business.

POSSIBILITIES:
Telluride Film Festival
Endless Live Music Opportunities
Independent Film Producers Screenings
Sunset Productions DJ Deano
Dr Robert - Beatles Tribute Band
Toy Drive Fundraiser Motorcycle Rally - Blue Knights
Theatre Camp through San Luis Valley Theatre Company and/or other entities
Circus Camp
Dinner Theatre
Dance Recital
Readers Theatre
Battle of The Bands
Family / Class Reunions
Company Parties
PBS - IFC Movies
Public Domain Movies
Local Club Meetings
Blue Knights of Colorado –Annual Club Meeting
Streaming of Metropolitan Opera
Open Jams for music
Football Games / Sports on The Big Screen
Auction House
& of course your ideas!

Great Price for an exciting adventure!

“The Historic Ute Theatre & Cultural Arts Center” is a Colorado Non-Profit. Although not "connected" to The Ute Theatre, it is associated with it and can easily have a change of the board of directors and is an excellent organization for opportunities for grant funding for both visual arts & performing arts which The Ute Theatre has benefitted from over the years.

Property Details

Years Established:

Since 2009

Property Type:

Real

Other Details

Business Location:

The Main Street - (4th Street) Downtown. 1 block from County Courthouse, 1 1/2 blocks from School.

Premise Details:

Gorgeous Art Deco style brightly painted historic building with original box office flanked by two sets of french doors, with a separate entry for the bar. A comfortable bar with turquoise walls and black counters with wood trim, in the theme of The Ute Indians of Southern Colorado. Kitchen and lobby area boasts candy apple red and canary yellow with black carpeting with bright confetti colors throughout.

Expansion Potential:

Unlimited possibilities - retail, apartments, auction house, studio, etc.

Operation Details

Support & Training:

All necessary training.

Miscellaneous

Financing Available:

Yes
Open to discussion.

Reason For Selling:

New interests.

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