Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

A Major Motion Picture Theater For Sale

LISTING DETAILS
Firms For Sale ID:
33913
Vendor reference:
CRT 32546
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$7,000,000
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$2,000,000
Net profit / cashflow:
$700,000
Years established:
1995
Trading hours:
Owner Hours: 4
Number of employees:
15
Employees / staffing:
Employees: Full Time: 4 / Part Time: 11 Managers: 1 Absentee Owner: Yes

OTHER DETAILS
Reason for selling:
RETIREMENT
Financing available:
Asking $5.5 M for the building and land and $1.5M for the Business all together Asking $ 7 M. seller will consider some seller notes. Possibility to assume a $ 3.7M MORTGAGE
Support and training:
Seller will completely train. Theater is currently run absentee by a highly qualified staff.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
MAJOR MultiPlex Movie theater for SALE! 33,000 square foot BUILDING in a prime location on the Main street of a very Wealthy town.The property includes 3 restaurant spaces that are fully leased by Major Tenants.
FOR LATEST INFORMATION GO TO www.lisitenassociates.com. DOWNLOAD, FILL IN AND FAX THE NDA TO : 212-661-4285. WE WILL CONTACT YOU WITH THE INFORMATION THAT YOU SEEK.

Expansion Potential
HUGE POTENTIAL GROWTH by:
1) dividing the theater into a 9 plex
2) adding additional snack and food items
3) opening during the weekdays for conventions and different business meetings
4) pursuing the "BIRTHDAY PARTY" business
5) the theater is constantly bombarded with requests for convention bookings during the week. A new owner might want to accept this business. The current owner has no interest in pursuing this business.

Market / Competition / Non-Competition Agreements
None for 6 miles