First-Run Movie Theater / Cinema Business In Leased Space
| Asking Price: | $785,000 |
| Gross Revenue: | $1,000,000 |
| Established Year: | 1991 |
| Cash Flow: | $250,000 |
| FF&E: | $350,000 |
Family-Friendly, Well-Established Neighborhood Cinema
Owner has been operating this cinema location for almost 12 years (though the cinema has been in continuous operation for over 30 years). During that time, he invested over $500k in projection equipment, seating, and other improvements. All of these assets can be part of the sale. Space is leased and final sale price will depend on negotiations between new operator and landlord. Current owner can facilitate and is willing to determine purchase price based on terms of lease extension. The five-screen cinema shows first-run movies from all major studios including Walt Disney, Universal, Warner Brothers, Paramount, Sony, and Lionsgate. Concession sales include popcorn, candy, soft drinks, and recent acquisition of liquor license now allows sales of beer, wine, and malt beverages. The owner would like to exit because he also has an unrelated full-time business venture that is growing and requiring more attention. It's beoming too time-consuming to run both businesses. The cinema is a nice alternative to the large and expensive chain theaters, offering friendly service and lower prices to see current movies. Plenty of free parking.
The cinema just had its busiest-ever opening week movie, and its top three highest grossing movies of all time happened within the past year and a half. The business is doing very well.
