1.How much is insurance, heating and electricity?
2.When was the last safety check performed?
3.How is the structural integrity of the building?
4.Are you going to commission a structural survey?
5.What are the business taxes on the property?
6.Have you factored in employee costs?
7.What is the size of the theatre?
8.Have you checked to see if your $2000 projector can fill the space?
9.What sound system are you going to use?
10.Have you considered how you will be able to legally show movies?
11.Have you considered the work involved regarding licensing?
12.Have you factored anything towards advertising?
13.How will the theatre business be set up for tax purposes?
14.Why did the theatre go out of business? If it was a loss making concern, what are you going to do different to cover those losses?
1.0, not sure,not sure.
2.Safety check was done in 2000 sometime, don't have the details of it however.
3.The structure is good from what pictures I saw, nothing was rusted or rotted... the brickwork looked good.
I also emailed a friend of mine that lives there in Rochelle to see if she'll go take more pics for me or
possibly a video since I can't quite do that myself.
4.No
5.3800 annualy
6.yes
7.1500 sqft(66x124')
8.yes, I checked with a screen guide for a few projectors. The Epson I choose is the cheaper version of the $22k Christie that does the same thing.
9.JVC(their in the list)
10.I have and it's something I have to talk to Ogle county about reguarding theaters, but it's an extra part of the occupational license.
11.yes
12.No, but Rochelle's small and word gets around pretty fast
13.Well since it'll be a first run theater, it'll be set up like any other theater. This might change if I decide to go second run, depending.
14. No idea. I spoke with the current realtor, and then the previous realtor, and no one knew but from what I gather, when the theater switched hands in '96(that's when they split the main theater into 2 and closed in the balcony), the owners were never able to keep the theater up to date(the worn carpet and chairs show). I'm pretty sure what's there is still an analog projector, but what confuses me is that the last show there was Iron Man 2. That had to have brought in people, unless people were tired of looking at a worn theater.