Wyatt became prosperous as a haberdasher in Pitt Street, Sydney, and in 1833 he sold the business and invested in property.
The foundation stone was laid on 7 September of that year, and the new theatre in Pitt Street, , opened on 26 March 1838,[3] with William Dind co-manager.
[2] The population of Sydney was small in relation to the size of the Royal Victoria Theatre, so that a proper repertoire could not be built up: there were frequent changes of programme, leading to poorly rehearsed performances.
[1][3] On 24 May[a] 1843 he opened the City Theatre, on Market Street, adjacent the Crown and Anchor Inn (later Roberts's Hotel).
[10] "It was soon apparent," wrote an obituarist, "that two theatres would not pay in Sydney ... and was at length compelled to take the benefit of the Insolvent Act.
[1] An obituarist wrote, "in his dealings with the public and the professionals during the twenty-five years he was connected with the theatres, [he] managed to secure the respect of both".