Seems like 26 screens for 130K population is pretty much maxed out already. They have enough first run, second run, and art houses without your theater. The only thing you might show that they might not is the cult classics. I would be concerned for you if you expect to build a business based on that. The drafthouse idea might help in a college town if none exists. The problem is that you will be competing with all the existing bars and clubs on that one. I remember as a college student, my friends and I always went to the places for beer that had the best prices, or maybe the coolest atmosphere, or the hottest girls. Clubs are places for socializing or dancing. Theaters are places to sit quietly and watch a film, I hope. There are successful drafthouses, so I know it can be done, but I'm not sure that college students will want to eat and drink there, unless your prices are cheap, or your food is awesome, or you have a hot movie noone else is playing. And then you may have problems with drunks, underage drinkers, etc. You may put your focus on food and limit number of drinks served, but as a college student I might have tried your place once for the novelty and gone back to the cheaper places.
I would think a successful drafthouse cinema would have to have very good food, a controlled environment with well-behaved customers, and probably a focus on the upscale market. In such a competitive city, you would have to do everything better than your competition. It wouldn't do to have good movies and just mediocre food. It also wouldn't do to have good food and mediocre movies.
Promoting concerts must be different than promoting a movie theater and the movie it is playing. For one thing, your promotional budget is probably much larger for concerts. For another, concerts are special events. Movie theaters have to draw people every day, not just once in a while. That is why first run theaters usually do better than the rest... because the studios have done all the advertising and promotion. It doesn't help that it is something people haven't seen before, either. They spend millions to gain public awareness and to try to build buzz. It might be easy to get someone's attention if you are different enough, but can you keep them coming back?
My 2 cents worth.