Well Established Movie House and Eatery

North Carolina
listing image
Sale Pending
Asking Price:$1,500,000
Gross Revenue:$3,000,000
Cash Flow:$600,000
Established Year:1995
BUSINESS DESCRIPTION

Open for over 25 years, this business has become a local institution. Business includes:

-a 150-seat first run theater,
-a second smaller family-oriented theater, which is also used for Group
Meeting rentals,
-restaurant seating for approximately 100 and
-a full kitchen.

This range of offerings have made it an entertainment center for families in addition to a broad range of local residents and visitors of all ages. After 25+ years of building this business, the owners have concluded that it’s time for new owners to take it to its next level.

The business has an experienced staff and management team, a built-in clientele by being the only theatre in its general area and decades of great reputation for its food, service and community involvement. It has also achieved the scale for continued strong profitability. It’s very much a “turn-key” opportunity.

The business is located in a leased building. The leased building is not included in the sale but a lease through the end of 2028 is in place. It’s located on a major north-south artery serving the community and has direct access to the downtown area hotels favored by tourists to the area. The building includes approximately 11,000 square feet of restaurant and theater space on 1.26 acres which provides significant parking for customers.

2023 sales exceeded $3M with owner’s income exceeding $450,000. 2024 owner’s income is projected to exceed $600,000 due to sales growth and operation improvements.

The going concern business and all related inventory and assets are included in the sale. The owners are open to assisting during the transition.


DETAILED INFORMATION
Location
North Carolina
Inventory
Included in asking price
Real Estate
Leased
Building SF
11,000
Lease Expiration
31/12/2028
Facilities
2 Dine-in Movie Theaters, A full Kitchen and Restaurant Seating for 100
Competition
An unique offering in its area with a long history and strong reputation.
Growth & Expansion
Many opportunities for added group bookings as well as working with many groups in the community to combine special movie outings.
Support & Training
Experienced staff and management team in place. Owners open to assisting during transition.
Reason for Selling
Preparing for Retirement
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Dave Kaverman
Acuity Mergers + Acquisitions
Dave Kaverman