Business for Sale

Gem Theatre Grand Forks

usiness
257 Market Avenue Grand Forks Kootenay Kootenay Boundary
$489,000.00
 

GEM Theatre is a vibrant little community theatre involved in more than just movies.. which makes life much more exciting and diversified! Nestled on main street in sunny Grand Forks, only 18 minutes (or 21 kms), from beautiful Christina Lake, the warmest lake in Canada! With an initial $ 200,000.00 investment, The GEM would be an ideal vehicle to make your money work for you. It is the perfect business for a retired or semi- retired couple (but not exclusive to ) who love working with the public and wish only to work on their terms, their days, and their time. Flexibility is your total control. Your imagination is your limit- with the latest in digital equipment, the GEM has a great variety of opportunity and income to offer with a minimum of time invested. Constructed in 1913, GEM Theatre is located in downtown Grand Fork s on 257 Market Avenue. The building dimensions are approximately 33’ x 130’(4290 ft2) and it is situated on a .086 acre lot that is zoned Core Commercial (CC). The structure sits on a poured concrete and stone foundation, and its walls are constructed of brick, with the outer surface coverings a mixture of stucco, metal and masonry veneer. The facility is equipped with a 400 amp electrical system and is heated with a gas furnace. The latest BC Assessment report lists the total assessed value of the property (land and building) at $281,000. A recent building inspection report indicates that, considering the age of the building and in comparison with other similar structures, the building received an “above average” global rating. The theatre is located on the main floor that slopes gently down to the stage. The stage dimensions are 28 feet wide x 17 feet deep. The GEM Stage has been host to many fabulous musicians. Because of the age and construction of the building the acoustics are fabulous. Within the last 60 years, the GEM Theatre has had only 2 owners. Current owners take an average of 120 days off per year for personal holidays and hiatus. GEM Theatre has the best Patrons in the Entertainment Industry – and everyone can attest to the fact that Grand Forks, B.C. is one of the best places to live and one of the best kept secrets. Current owners regretfully must retire, and are aware that the GEM is ready for a vibrant new team to lead it into the future with excitement! After working in the industry for over 90 years combined, they do want to stress “There’s no business like show business!”



 
 
 
 
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Community Profile: Grand Forks

Kootenay
Kootenay Boundary

The delightful community of Grand Forks, is home to beautiful tree lined streets and heritage homes. Its bustling city centre, located on Market Street, offers quaint cafes, galleries and the historic City Hall building. Grand Forks boasts 2000 hours of sunshine a year and four season living with recreational activities to match. Grand Forks is

Statistics
Total Population 4,049
Median Household Income $49,097 ($CDN)
Closest Commercial Airport Penticton Regional Airport (167km)
Closest Ocean Port Port Metro Vancouver (490km)
Closest Major Centre Vancouver (489km)
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