Well Established Movie House and Eatery
Asking Price: | $1,500,000 |
Gross Revenue: | $3,000,000 |
Cash Flow: | $600,000 |
Established Year: | 1995 |
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.