Budget Theater Questions – Semi Urgent
I am trying to find out information to see if it is worthwhile to reopen a budget movie theater in my hometown. In this area we have about 100,000 people living in the city and we are a significant city in Louisiana. This theater is located on the main road of the city and is situated very close to a university.
About 2 weeks ago, this theater shut its door for business. It appears that the theater was being run into the ground and the person who was leasing the building(from out of state) didn’t really care. Now this theater is important because of where it’s located as well as its size. Compared to modern movie houses, the auditoriums are huge!
Now here are the cons of the place. Number one is the awful smell from when smoking was allowed in the building. Also the smell comes from poor upkeep of the carpet in all rooms. My goal will be to clean the curtains and replace carpet on the walls. The next problem is that the theater decided to stop working with the community on things. Bear in mind that they have been operating as a budget house for almost 15 years.
The competition in the city is 2 megaplexes(UA10 and Cinemark 14-located at mall). Both are first run theaters charging close to 8 bucks a show(in the evening). The cinema that I am looking at was only charging about 2 dollars per show(which I want to change to something like $1.50 all the time and special 50 cent showings).
I am also looking to add a small stage in the front of the largest auditorium for doing concerts which has sparked interest in many people.
So please give me your opinions and what you would do for this place. I think it is a steal, and it is a place that needs a little TLC to get back into shape. I have a lot of ideas and feel strongly about bringing this thing back to the area!