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Well Established Movie Theatre, Luxury Suites & Retail Space

Hutchinson, MN
State Theatre

Seller Financing Available

State Theatre
Asking Price:$950,000
Established Year:2005
Real Estate:$990,000
Listing ID: 2223790Listing provided by BizBuySell
BUSINESS DESCRIPTION

Great Opportunity in Hutchinson, MN!

Amazing Property and Opportunity to own a Multi Use Property that currently operates a successful Movie Theatre with 3 Different Theatres, 4 Residential Units, an Elevator, 3 car Garage, Commercial Rental space and a Flex Space which offers room to expand or rent to another business. This property has over 18,000 Sq. Ft of excellent usable space plus a large basement for storage. The Movie Theatre still has great charm! The Luxury Residential units have long term rental history and 3 of the units share a roof top deck. The 1,600 sq. Ft Flex Space would offer an excellent expansion to the theatre, store front to a Coffee Shop, Restaurant, Retail space or even an office. The opportunities are endless with this fabulous building located downtown across from Library Square. It is a hometown favorite spot with the most delicious tasting Popcorn in the Galaxy! Imagine Living Onsite, Working on site and watching all the best movies on the Big Screens! Call today for more information and your private showing!

DETAILED INFORMATION
Location
Hutchinson, MN
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
18,080
Employees
2
Facilities
The facility includes most items in the building other than personal items owned by the sellers. There are projectors, sound systems, popcorn machine, pop machines and other items that will be included. Seller will consider seller financing for the equipment.
Competition
The market is great in Hutchinson. Hutchinson is a desirable city to live and work in. Many people have relocated to Hutchinson from the twin cities and other parts of the state. There is only 1 other Movie Theatre in town and the next closest Movie theatre is approximately 30 minutes away.
Growth & Expansion
There are many opportunities for growth which could include renting out the 1,600 sq. ft Flex Space to another business or expanding the Theatre. Growth could also include small ticket price increase, candy or pop increase, retail rental space increase or other options. There is a potential to add other products to sell at the Theatre as well as doing Screen Advertising for businesses as well.
Financing
Cash, Conventional
Support & Training
The seller will consider staying on to train the new owner for a few months in person and could assist from off site in the future possibly as needed.
Home-Based
This business is Home-Based
BUSINESS LOCATION
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Jenna Vikse
Phone Number
Jenna Vikse
Call Phone