The Marianne Theatre: New Life for an Iconic Place
In the heart of Bellevue KY, an iconic movie theater is waiting to be reborn. A renowned developer and popular restaurateur have teamed up to bring a movie-themed pizza pub and live music bar.. They’re seeking $25,000 to $107,000 of investment.
- Interest Based Return: You’ll get 1.75X on your investment paid out annually from 10% of gross revenues.
- Restaurant & Bar: Dave Rinderle, owner of a local Mac's Pizza Pub will bring movie inspired food & craft beer.
- Experienced Developer: Hive Properties specializes in historic redevelopment and have already completed five successful projects.
- Prime Location: 609 Fairfield in Bellevue KY sits across the river from downtown Cincinnati, and is 1 mile from the premiere shopping & entertainment complex, Newport on the Levee
We're Bringing Movies Back
The Marianne Theatre and it’s iconic blue marquee has been a landmark of Bellevue since the mid-20th century. Local residents flocked here to catch a matinee, go on first dates, and meet up with their friends to catch the latest film. Then in 1997, the Marianne shut its doors. But this year, Hive Properties, will acquire this 7,000 s.f. theater and restore it to its glory.
We want to bring movies back to the silver screen and are excited to play some fan favorites. More importantly, we want to bring family movie nights back to the Marianne. The plan calls for multi-level seating and mezzanine tables, so, everyone will have a great seat in the house.
The New Marianne: Pizza Pub + Live Shows
We’re reinventing the movie theater experience to make it a place perfect for a family outing or to grab a drink with your friends. We start with food inspired by the classic theaters of old, but with a modern twist. That’s why we partnered with Dave Rinderle, from Mac's Pizza Pub Wooster Pike. The pizza pub will be perfect for the family or to grab drinks with your friends.
We’re transforming the concession stand into a full-service bar serving your favorite selection of local craft beers and mixed cocktails. Finally, we’re excited to add a fully equipped stage to create a venue for live music and local artists. We can also rent out the theater for special events and receptions.
Bellevue, KY: A City on the Rise
The city of Bellevue, KY is a suburban bedroom community of downtown Cincinnati. Urban commuters like it because of the high rise apartments that enjoy the city skyline. It also attracts young families with its tree-lined streets and charming homes. It’s a walkable town filled with boutiques, diners, and ice cream parlors that represent the best of Americana. Along with her neighbors Newport and Covington KY, there are ~139K residents living within a 5 mile radius.
Just a mile away is Newport on the Levee, a shopping & entertainment complex home of Barnes & Nobles, AMC, GameWorks, Bar Louie, Brio, Five Guys Burgers, Coldstone Creamery, Mitchell’s Fish Market, Hofbrauhaus and New Riff Distillery.
Why Invest in the Marianne?
Projected Sales as much as $90,000 a month
Note: These are pro-forma projections and not actual sales.
This is a Revenue Sharing Loan structured to pay 10% of gross revenues paid out annually until 1.75x the investment amount is paid in full. Each investor is entitled to their proportionate share of the annual payment. For illustrative purposes, let's assume the issuer meets the high end of their target raise at $107,000. Here's an example of how the payments will occur annually.
$1,000,000 (annual gross revenue) X 10% (RevShare percentage) = $100,000 (Total Annual payment)
If an investor commits $1,070 of the $107,000 maximum raise, the investor would be entitled to 1.0% of the total annual payment, which amounts to $1,000. Each year, the same calculation will used to determine the payment until the 1.75X multiple on the investment is paid back, which in this example is $1,872.50.
*This is an example used for illustration, and not the exact amounts to be paid, because actual annual gross revenues are forecasted for this example.
Please review details in the Revenue Loan Agreement.
The property developer is offering investors special perks for helping us save the Marianne. You can view more details in the perks agreement.
The Community has created a strong buzz around the Marianne. We turned the marquee lights recently, and a passing motorist snapped a picture, and submitted it to the local news station It became the Picture of the Week on their facebook page and elicited hundreds of likes, comments and fond memories.
Meet the Management Team
Kent Hardman - Hive Properties
Kent specializes in restoring historic buildings. He’s completed five buildings, which he successfully found niche uses for them as restaurants, salons, boutiques, and apartments. Additionally, Kent owns four apartment buildings. Hive Properties, manages all nine of these properties. To learn more about the buildings Kent’s restored, click here.
Dave Rinderle — Mac's Pizza Pub
Dave is a serial restaurateur who got his start 20 years ago working at a popular bar & restaurant called Skipper’s in Oxford, OH. Dave worked his way up from delivery driver, cook, bartender and eventually becoming the manager. Dave moved to Cincinnati and began working at Mac’s Pizza in Clifton to become the general manager. He now owns their first franchise on Wooster Pike.
A Letter from the CEO
We’re so pleased to bring back the historic Marianne Theatre. We want to dedicate this to the residents of this remarkable town. 20 years is a long time for this jewel of a building to remain dormant. The memories you cherish and love of this movie house will be rewarded when you walk past the beautiful marquee and see the lights turned on for good.
As a restoration specialist of historic buildings, I want to capture the spirit of the old Marianne Theatre, while bringing a fresh new experience that brings together delicious food, favorite movies, and live music.
Together with Dave Rinderle of Mac’s Pizza on the Pike, we will bring new memories to this beloved movie palace. We can’t wait to breathe new life back into the Marianne and to Bellevue!
Please join us as investors and help us Save the Marianne!
Thanks so much!
Risks & Disclosures
- You’re investing in the Hive Properties project at 609 Fairfield, LLC. Hive will control & operate the property. In other words, your investment is not for ownership in the property itself. You are relying on the manager to effectively execute the business plan, and as a result, investors will not have any influence on the decisions of the management.
- The acquisition of a property comes with risks to the build-out and timeline of the general contractor, subcontractor, architects, licensing, and other third parties who are contracted to complete the effort. While there is a milestone schedule to complete the project, the schedule is subject to getting financing, completing the build-out and getting the business up and fully operational.
- The manager of the property cannot guarantee or assure there will be sufficient operating cash flow available to make distributions from their revenues.
- The company will pursue bank debt financing in the form of an SBA loan to supplement the final amount of capital required to complete the project. They will be required to subordinate the loan to the bank. As a result, Wunderfund investors will not have a secured interest in the loan, nor will they be allowed an liens on the property.
- The real estate market is subject to forces beyond the control of the company, the availability of financing options, interest rates, neighborhood developments, crime rates, adjacent properties, rental markets, and other general economic conditions. As a result, the company’s performance is subject to these risks that could prevent it from servicing the debt.
- The company’s projections are all forward looking, and there is no operating history. While the company certainly believes that the use of the space will be sufficient to meet pro-forma revenue projections, they cannot assure that sales will be fully realized.