Christchurch boutique cinema Academy Gold goes up for sale

One of Christchurch's best known boutique movie theatres, Academy Gold Cinema, is officially up for sale.

The sale comes after 30 years of family ownership, but the family has recently confirmed that they feel it's time to move on.

Business consultant Charlie Loughnan is one of the family members helping to sell the boutique cinema and he says the industry's been hit hard as a result of Covid.

"It's taken a long time to recover from that and it's a longer road than most businesses, but it's back and it's trading well and it's been going for a good couple of years - and it's now time to pass the baton on." 

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