| Asking Price |
$395,000 | Inventory |
$4,000** |
|---|---|---|---|
| Gross Income |
$90,000 | Real Estate |
$300,000* |
| Cash Flow |
$36,000 | Year Established | 1930 |
| FF&E |
$50,000* | Employees | 3 |
* included in the asking price
** not included in the asking price
This well-loved hometown theater is a classic 1930's style with all new equipment and interior. There is a stage that will support live performances and 160 Massey seats: a new concession area hosts all kinds of treats. The theater is located just three blocks from the beach in the heart of the gallery district where there is walking traffic, shops and restaurants. It is in a prime commercial location.
Facilities: Simplex XL projector, Simplex SH1000 soundhead, Speco 1000 electronic platter and make-up table, Schneider Super Cinelus lenses, Dolby CP 500 SR Processor, Dolby Cat 683 Crossover card (upgradeable to digital), JBL surround sound speakers,, 160 Massey seats with cup holders, ugolini slushee machine, manitoc ice machine, hot diggity bun warmer, hot dog roller, buttered popcorn dipenser and 14 ox autodump popper, mini fridge, cash registers, plus a new roof, electrical upgrade and plumbing.
Competition: This is the only small theater within a 60 mile radius. Many towns in both directions travel to watch movies. The theater has a stage for live performances and is located just blocks from the sea.
Growth/Expansion: There are many possible services that could be added to this business i.e. local advertising on the screen, plays, personal showings etc.
Financing: to be determined
Support/Training: The seller is willing to train personnel for up to two weeks after the close of escrow. She is staying in the area and will be available afterwards.
Reason Selling: change of life plan

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