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After 29 Years, Savoy for Sale
By Margot HarrisonRick 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.
More by Margot Harrison
About The Author
Margot Harrison
Bio:
Margot Harrison is the Associate Editor at Seven Days; she coordinates literary and film coverage. In 2005, she won the John D. Donoghue award for arts criticism from the Vermont Press Association.
Margot Harrison is the Associate Editor at Seven Days; she coordinates literary and film coverage. In 2005, she won the John D. Donoghue award for arts criticism from the Vermont Press Association.
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