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Moxie Cinema up for sale
Tuesday, April 06, 2010 6:40 AM
A change in lifestyle for the owners of The Moxie Cinema may lead to a change in ownership.
Last fall, Dan and Nicole Chilton quietly put independent movie house The Moxie Cinema on the market, listing the theater with business brokerage firm The Kingsley Group. Nicole Chilton said it’s time for a change in focus: Dan Chilton has been concentrating on his full-time work as a Web site designer and programmer for AOL, and the couple welcomed a baby into their family four months ago.
The movie house is listed on Kingsley’s Web site for $150,000, and the sale price includes the business, equipment, branding and Web site, Nicole Chilton said. The theater’s 4,300-square foot location at Wilhoit Plaza at Jefferson Avenue and Pershing Street is leased from The Matt Miller Co. and has about 18 months left on the lease with an option to renew.
There has been some interest in the purchase of the business, Chilton said, but no offers have been made.
“A couple of people expressed interest, but it’s not a quick process,” she said, adding that finding the right fit was important. “We’re going to be particular on who would take over. We worked really hard to build the Moxie into what it is.”
Even if the Chiltons aren’t able to find the perfect buyer, changes may still be in the theater’s future. Chilton said she’s also researching the possibility of turning the Moxie into a nonprofit.
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