Good luck, I don't think the product you want exists. I just don't see any way you will be able to get something new that is comfortable and will hold up for more than a year or so for $200. Your best bet is to check sources for used furniture. Who knows though, you could get lucky with a close out or something at an outlet store. I managed to buy a pretty nice leather sofa and loveseat about a year ago from Grand Furniture Outlet in Virginia Beach for $1200. The set cost twice that at their regular store. They told me it was a layaway that never got picked up but who knows. Good luck.
The measure of a man's character is what he would do if he knew he never would be found out.
well i am also getting myself a new bed. maybe theres some good recommended reclining loveseat can turn into matress well suited for theatre? i am willing to spend $600 maybe $700 for something like that.
We have a "Home Decor Liquidators" store in my area that looks like it might be part of a chain. They sell everything from beds to wood flooring. Anyway, they have all sorts of fabric recliners for $199. That might be an option for you if you have a similar store nearby.
P.S. I found the website...turns out they have locations all over the country. I don't want to violate the forum's policy for hyperlinking, but if you google "home decor liquidators" it should be your first result.