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Thread: Goretorium (I found some very reveling information!)

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  1. Default Goretorium (I found some very reveling information!) 
    #1
    Join Date
    Jan 2009
    Posts
    16
    So I recently paid a visit to the Goretorium in Las Vegas (which filed for chapter 11 bankruptcy). I do not think it would make sense for me to write a detailed review, as the Goretorium is not currently running in the way that the creators have planned. For example, when I visited there were only around 6 actors in the whole show (which apparently was built for 40-60 actors). I must point out, however, that those actors did a great job making the best of the situation.

    Of course I was rooting for the Goretorium to become a success but (like most of you) I questioned its year-round business model and pricing strategy. After visiting, I did some research to get a better understanding of Goretorium's business model. I found this interesting document that I wanted to share with you all (Start on page 32. Open the link and do a search for "Goretorium"): http://www.sec.gov/Archives/edgar/da...n159_fwpx3.htm

    Here are a few key parts of the document:

    On page 40 and 41 there are some great pictures of the building and the floor plan of Harmon Corner (you can see how much space Goretorium takes up!)

    Heres a quote: "Eli Roth’s Goretorium (14,799 sq. ft., 22.1% of NRA, 15.2% of U/W Base Rent) Eli Roth’s Goretorium (“Goretorium”) is a live, self-guided horror experience created by Eli Roth, an American film director, producer, writer and actor. Goretorium consists of more than 20 rooms with different displays and ends with a drinks lounge featuring outdoor space overlooking the Las Vegas Strip. Goretorium opened October 1, 2012. According to the Harmon Corner Sponsors, Goretorium has invested approximately $8 million ($541 PSF) to build out its space. Goretorium has a lease expiration date of September 30, 2022 and two five-year renewal options."

    Unfortunately, it looks like the Goretorium was always destined to have financial problems. Even on paper the Goretorium's business model does not seem to make financial sense. I wonder what would have happened if Eli Roth took the seasonal attraction route instead. From what I hear, Eli seems like a great guy. I wish him (and the Goretorium) much luck for this season.
     

  2. Default  
    #2
    Join Date
    Jul 2010
    Location
    Kansas
    Posts
    382
    $148,000.00 per month base rent.....

    Ouch!
    How can a man die better than facing fearful odds, for the ashes of his fathers and the temple of his gods.

    What you put into your mind- you put into your life.


    www.zombietoxin.com
     

  3. Default  
    #3
    Join Date
    Aug 2006
    Location
    Nashville
    Posts
    309
    I think you are judging a biz model comparable to standard haunt. You're missing the fact and calculation it is a Las Vegas property. When I set up I had over a million people in October alone brought within a few feet of my haunt. The problem is getting them to chose you over a hundred other competing mega shows.
     

  4. Default  
    #4
    Join Date
    Apr 2009
    Location
    Near Charlotte NC
    Posts
    1,017
     

  5. Default  
    #5
    Join Date
    Aug 2003
    Location
    St. Louis, MO
    Posts
    8,855
    I'm sorry but the haunted house industry can't support 148k per month, and a note of 8 million in debt just can't happen... no way! They are closing for good after Halloween... just milk this thing through Halloween and its gone.

    I wanted to get out to see it as well... thanks for the info!

    Larry
     

  6. Default  
    #6
    Join Date
    Mar 2010
    Location
    East Haven, Connecticut, United States
    Posts
    1,160
    i like the quote, "on the third floor of a walgreens with no parking" lol well when you put it that way....


    now can they host the sale here?? i could use some eye candy, someone get them on that auction site that the other haunt used haha (no but really....)
     

  7. Default Today 
    #7
    Join Date
    May 2008
    Location
    North Carolina
    Posts
    302
    I just saw today, they are saying the last day is today that they are open. Not even open through halloween, Shame




    Kale
     

  8. Default  
    #8
    Join Date
    Aug 2003
    Location
    St. Louis, MO
    Posts
    8,855
    Who is going to the auction as everyone predicted months ago.... Lol. Larry
     

  9. Default auction 
    #9
    Join Date
    May 2008
    Location
    North Carolina
    Posts
    302
    Count me out, nothing worth having

    Kale
     

  10. Default  
    #10
    Join Date
    Aug 2003
    Location
    St. Louis, MO
    Posts
    8,855
    http://www.lasvegassun.com/vegasdelu...2-after-one-y/



    I think someone already posted this but... from reading it looks like there will be an auction soon maybe right after Halloween. If this is the case I think I'll go!

    Larry
     

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