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Privately Owned Movie Theater
Location New York,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1999
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Reason for Sale Other business interests.
Description 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 $1.2 million before we can give out specific details or the address. This is a very unique opportunity that will not last long. Email or all Mel Vaz today to learn more about this Movie Theater for sale 631-909-1095.
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