So there is an old movie theater near me and it recently closed down and they've decided to sell the property and everything in it. They are looking to sell the unit as one, but are interested in selling the equipment from the theater if they have to. I do not want to see the theater be sold to be changed into some housing or restaurant. The theater has been in this town for a long time, and I don't want to see it go.
I figure I could afford to buy the place, and hold onto it until the pandemic sorts itself out, and then I can re-open the theater. I have a lot of dormant properties right now, that I plan to sell, so I can afford to hold a property for the time being. Anyway, do you think it would still be high risk to buy an old theater? I want to give it a shot, because I don't want to lose this theater. It's the only one in this town and I need to see movies near me.
What do you think?
I figure I could afford to buy the place, and hold onto it until the pandemic sorts itself out, and then I can re-open the theater. I have a lot of dormant properties right now, that I plan to sell, so I can afford to hold a property for the time being. Anyway, do you think it would still be high risk to buy an old theater? I want to give it a shot, because I don't want to lose this theater. It's the only one in this town and I need to see movies near me.
What do you think?