I would never build a single or twin. Building or major remodeling of an empty space is very expensive, and usually the costs outweigh the potential income of only 1-2 screens. The only way I would get involved with a single or twin theatre would be if the building was already there and basically intact. Having to pay off a NEW building, two screens just won't cut it. You would have to fill ALL the seats a MAJORITY of the time just to pay the mortgage, don't forget the studios will take half the box office money, heat, air conditioning, electricity, insurance,advertising,and a huge list of other expenses quickly add up. Someone in my area built from the ground up, a 3 screen discount theatre that served food 3 years ago. I went in there when it first opened, their seat counts are between 100-150, I just don't know how they ever thought they could make money, during the week, for the most part theatres sit empty, and on the weekend, even if they would happen to sell out a 100 seat auditorium @ $4.00 a ticket, they only took in $400.00, now take the studios 50% of box office and they only have $200. Its impossible to pay off a million dollar or more investment. For what its worth, the original operator lost this property to forclosure, someone else is now operating it, I don't know what kind of a deal they got on the building.
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