Privately Owned Movie Theater For Sale
Location: United States -> New York
Industry: Entertainment and Leisure > Movie Theaters
Businesses for sale Summary
Are you a film buff who has dreamed of owning his or her own movie theater? Here is your chance. There are only a handful of privately owned movie theaters still left in NY State. This is your opportunity to take advantage and purchase a privately owned, 10 screen movie theater with a 15 year lease. This 15,000 sq. ft. theater has just been newly restored and offers 1,000 available seats and 7 currently operating screens. It is the anchor of a shopping center that is scheduled for a full renovation and expansion within the next 2 years. The sales have been growing consistently month after month since the renovation and the seller projects sales in excess of $1.4 million this year. That would lead to a projected Net Income of $420,000 with only 7 screens currently operating. There is no other theater in any direction for 15 miles. With ticket prices of $11 at most major national theaters, this local theater can offer tickets of $8 or less for matinees. There is virtually no competition for several towns over. We are seeking serious and qualified buyers only. Please be prepared to provide Proof of Funds for at least $1.5 million before we can give out specific details or the address. This is a very unique opportunity that will not last long. For more information on this Movie Theater for sale, reference listing # 11954 or email / call 877-735-5224.
Financials
Asking Price Range: $1.0M – $2.5M
Gross Revenues: Seller Will Provide
Cash Flow: Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 1998
Number of Employees: 10 – 19
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Reason For Selling: Other business interests.
