Fox Theater / Entertainment Venue Opportunity

Asking Price$4,500,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$3,500,000
Included in asking price
Save1/6

Fox Theater / Entertainment Venue Opportunity


Asking Price$4,500,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$3,500,000
Included in asking price
Business Description
Mahoney & Associates is pleased to present to the market The Fox Theatre at 241 Main St. in Salinas, California. The Fox Theatre stands as a historic gem, presenting a unique opportunity for preservation-minded investors or organizations.Just a few hundred feet from the recently built Taylor Farms Headquarters and in the center of the City’s downtown revitalization plan, potential buyers of The Fox Theatre are not just acquiring a property; they are inheriting a piece of
local history with immense potential for both business growth and community engagement. The sale will include the property, all FF&E, liquor license (Type 47 beer, wine, & liquor license with Type 58 caterer’s license endorsement), and business with current bookings through 2024 and into 2025. Business financials are available upon execution of NDA. The current owners have meticulously refurbished, cared for, and preserved the property, all while growing the business
as well as the excitement about the venue. Updated electrical, plumbing, roof maintenance, roof repair, and earthquake retrofitting have all been performed. Potential Buyers can steward future development of the thriving business in addition to remaining a focal point of the Downtown Salinas Vibrancy Plan.
About the Business
Facilities & Assets
They Fox Theatre Salinas has a capacity of 1000 people, with flexibly seating on the ground floor, allowing traditional rowed seating or table top seating for events or dinner theatre. All FF&E will be transferred to the new buyer and a full list can be provided upon execution of an NDA.
Website
https://www.mahoneycommercial.com
Market Outlook / Competition
Fox Theatre Salians is the premiere entertainment venue in the Salinas Valley.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
9,767
About the Sale
Seller Motivation
The current owner has had a long career in the entertainment business, spanning
Transition Support
The Current business has bookings thru the end of 2024 and into 2025. New ownership will benefit from an established event calendar for continue profitability. Owner is willing to provide ongoing consultation for the new operator to ensure a successful transition and moving forward.
Listing Info
ID
2266370
Listing Views
3603
Attached DocumentsAttachment Disclaimer

241_Main_St_Salinas_Fox_Theater_Alt_Cover_July_2024.pdf

Business Location

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Ian Jones & Chris Tonini

Listing ID: 2266370 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.