 |
Listing Details - A MAJOR MOTION PICTURE THEATER FOR SALE
|
A MAJOR MOTION PICTURE THEATER FOR SALE
(Amusement/Recreation; Amusement/Recreation, Movie Theaters; Services, Event Companies)
Nassau County, Long island, NY - New York, Nassau
| Seller Financing: |
Yes |
| Lender Pre-Qualified: |
No |
| Listing ID: |
CRT 32546 |
| Status: |
Active |
Listing Details
| Listed Price: |
$7,950,000 |
| Down Payment: |
|
| Total Sales: |
$2,000,000 |
| SDE: |
$780,000 |
| EBIT: |
|
| EBITDA: |
$780,000 |
| FFE: |
$400,000 |
Included? Yes |
| Real Estate: |
$5,500,000 |
Included? Yes |
| Inventory: |
$5,000 |
Included? Yes |
| A/R: |
|
Included? No |
|
|
| Reason for Sale: |
RETIREMENT |
| Training: |
Seller will completely train. Theater is currently run absentee by a highly qualified staff. |
| Financing Terms: |
Asking $5.8 M for the building and land and $2.1M for the Business all together Asking $ 7.95 M.
seller will consider some seller notes.
Possibility to assume a $ 3.7M MORTGAGE |
Operations
| Year Established: |
1995 |
| Last Acquired: |
2002 |
| Form of Ownership: |
s corp |
| Home Based: |
No |
| Relocatable: |
No |
| Type of Location: |
Stand-alone |
| Absentee Owner: |
Yes |
| Online: |
|
| Employees: |
Full Time: 4 / Part Time: 11 |
| Managers: |
1 |
| Hours: |
|
| Owner Hours: |
4 |
| Non-Owner Payroll: |
|
| Franchise Info: |
|
Location
| Lease Expire: |
|
| Option: |
Ownership of land and theater included in the sale |
| Lease Terms: |
|
| Lease Security: |
|
| Monthly Rent: |
|
| Square Footage: |
|
| Facilities: |
33,000 square foot BUILDING in a prime location on the Main Street of the town.There are three major restaurants on the property and all are on long term leases. The huge snack bar can easily add additional food items and increase revenues significantly.The current owner is in the process of converting to ALL DIGITAL Movies. |
Summary
| 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. |
| Historical Summary: |
ORIGINALLY BUILT BY CINEPLEX-ODEON and purchased by the current owner in 2002. There are photos of the facility on this site. |
| Owner Qualifications: |
Movie Theater Experience a plus . |
| Competition: |
None for 6 miles |
| Potential Growth: |
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. |
|
|
|
|
|
|
|
|
|
|