After 29 Years, Savoy for Sale | News | Seven Days | Vermont's Independent Voice

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After 29 Years, Savoy for Sale


Published July 24, 2009 at 4:15 p.m.

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.