Business Broker New York Lisiten Associates

Sunday, May 20, 2012

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Listing Details - A MAJOR MOTION PICTURE THEATER FOR SALE

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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

Contact Information

Mel Lisiten

Office:

Cell:

Fax:

Email: mel1real@aol.com

Send Email To Agent

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.