Despite the chain’s financial difficulties, it may not seem that much of an issue that one screen may have been closed. On Chicago’s South Side, there are now 14 fewer movie theaters after the permanent closing of the Chatham Studio Movie Grill. The company, which filed for Chapter 11 in October due to the COVID-19 pandemic, declared bankruptcy on Wednesday. Is Studio Movie Grill Going Out Of Business? On October 20, Brian Schultz, the CEO and owner of Studio Movie Grill, joined MichaelLambert, the board member, for the grand opening of the restaurant’s new location in Glendale. Studio Movie Grill filed for Chapter 11 protection in October 2020. With over 300 screens in 10 states, Studio Movie Grill is one of the largest movie theater chains. This concept has evolved into the Studio Movie Grill chain of restaurants. In addition to the $30,000 franchise fee and $500,000 investment, you must pay a 3 percent franchise fee each year to open a Cinema Grill franchise.Īt Studio Movie Grill (“SMG”), we modernize the traditional movie-going experience by combining first-run films with full-service, in- theatre dining. If you’re looking for a unique business opportunity that combines your love of movies with the opportunity to provide a great customer experience, a Studio Movie Grill franchise may be the perfect fit for you.Īlthough these advantages are not cheap, they can be obtained for a reasonable fee. The company estimates that it will take 18-24 months to open a new location. The franchise fee includes the cost of equipment, build-out, and training. The cost of a Studio Movie Grill franchise is $5 million. The company is looking for entrepreneurs who are passionate about movies and providing a great customer experience. With the recent success of dine-in movie theaters, Studio Movie Grill is looking to expand its footprint by offering franchises. The theater chain has been in operation for over 25 years and currently has locations in 22 states. Studio Movie Grill is a dine-in movie theater concept that offers an upscale moviegoing experience at an affordable price.
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