Fox Theater / Entertainment Venue Opportunity

Salinas, CA
Asking Price:$4,500,000
Real Estate:$3,500,000
BUSINESS DESCRIPTION

Business and Property included in the Sale

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.


ATTACHED DOCUMENTS
241 Main St Salinas - Fox Theater - Alt Cover July 2024.pdf.pdf Download

DETAILED INFORMATION
Location
Salinas, CA
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
9,767
Facilities
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.
Competition
Fox Theatre Salians is the premiere entertainment venue in the Salinas Valley.
Support & Training
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.
Reason for Selling
The current owner has had a long career in the entertainment business, spanning

BUSINESS LOCATION
Report an Issue with this listing
Ian Jones&ChrisTonini
Ian Jones & Chris Tonini