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TOPIC: LEASE QUESTION

LEASE QUESTION 05 Oct 2008 20:39 #30058

  • jenhelene
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What would be a fair monthly lease for an old 2 screen theater, seating up to 500 people total, located about 5 miles from the highway and 2 from downtown in a town of about 80,000 with a multiplex, a discount house, and a drive in already existing?
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Re:LEASE QUESTION 05 Oct 2008 23:54 #30059

  • slapintheface
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HOW MANY SQUARE FEET, WHAT CONDITION IS IT IN ,STAND ALONE OR IN A CENTER??????????NEED MORE INFO
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Re:LEASE QUESTION 05 Oct 2008 23:55 #30060

  • slapintheface
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For me and 80,000 people should support up to 16 screens total..
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Re:LEASE QUESTION 06 Oct 2008 15:40 #30066

  • Mike
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Hi/ there just isn't enough info to rerally answer and even if there was a lot more info it would be difficult to give you a helpful answer.

I was once paying 1300.00 per month for a 2 screen in a small town and I know people who have paid more than 10X that for their screens. There is a direct relationship to grossing potential, condition, neighborhood, neighbors, competition, etc. However/ given all that it has as much to do with how much would your landlord be able to lease it to someone else empty as a storefront? It needs a good long cold cl;ear look and it needs to be done by a pro.
Michael Hurley
Impresario
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