Majestic Theatre complex is listed for sale

The historic and longstanding Majestic Theatre complex has been listed for sale on Loopnet.com. 

The listing doesn’t disclose an asking price for the acre-sized landmark, which includes the recently renovated Majestic Theatre, Garden Bowl bowling alley, upstairs music club the Magic Stick and Sgt. Pepperoni’s Pizzeria inside the Garden Bowl

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A message on the marquis of the Majestic Theatre in Detroit on Mar. 19, 2020. (Photo: Robin Buckson, The Detroit News)

When reached by phone Monday morning, owner Dave Zainea declined to comment. 

He told The Detroit News in May that COVID-19 has stopped all his businesses in their tracks and that he’s “taking each day as it comes.” 

“The uncertainty is killing me,” he said in the spring when he reopened Stg. Pepperoni’s for carryout and delivery. “We want to get these shows going back up but I don’t want anybody to get sick, either.”

The Garden

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Movie-goers can rejoice as movie theaters can open in limited capacity on Friday, Gov. Phil Murphy said.

NorthJersey.com

RAMSEY — The Ramsey Theatre has survived 93 years, even through digital upgrades, but may not survive its newest challenge: COVID-19.

Owner Hala Alain has posted a for-sale sign on the marquee, and tenants Laura and Dave Rose said they are not optimistic it can be saved, as their application for a loan to buy the theater was too late.

“We can’t do any more,” Laura Rose said Monday. “We’re crushed. This is our livelihood.”

After New Jersey theaters were ordered closed in March due to the pandemic, the Roses attempted to keep interest alive with impromptu drive-ins at Smith School on Monroe Street. The Borough Council suspended restrictions to allow for the showings.

Laura Rose said the couple’s 15-page application to the Small Business Administration for assistance in buying the

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Majestic Theatre complex goes up for sale, prompted by the ‘grind,’ pandemic

The family business started in 1946 with just the bowling alley and has grown since.

Garden Bowl and Sgt. Pepperoni’s are the only two open currently, with about 15-20 currently working, Zainea said. Normal staffing is just shy of 50 employees, not including contractor workers.

COVID-19 “motivated us to list it, yes. But it wasn’t the main reason why we did it. It’s a grind,” Zainea said, adding that it’s been under consideration for at least 2-3 years.

“We enjoy what we do, but it’s a lifestyle. Seven days a week, 13-14 hour days sometimes,” Zainea said.

The move comes a little over two years after the family spent about $1.2 million renovating the property to increase capacity and overhaul the concert area.

At the time that was announced, the family had also just signed a new booking deal with AEG Presents, the live entertainment division of Los Angeles-based AEG.

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