Rick Winston and Andrea Serota, owners of Montpelier’s single-screen Savoy Theater, have announced that they’re looking for someone to buy the business.
Winston has been showing indie and arthouse films at the brick-walled theater since 1980. Serota, his wife, became his sole business partner in ’99.
So why stop now? Serota says in a phone interview, “Rick and I are both celebrating our 62nd birthdays this week. We realized sometime ago that we wanted to prepare for the theater’s existence beyondour participation.” Knowing that the “transition might take quite a longtime,” they listed the business — including a lease hold on the downtown space, theater furniture and equipment, and the stock of their attached video store — with Vermont Business Brokers. The asking price: $112,000.
This article appears in Jul 22-28, 2009.
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Big props to Rick Winston and Andrea Serota for keeping the Savoy not just going but a vital part of Vermont for lo these many years.The state would have been a poorer place without them.jules