This listing includes an independent six screen cinema located in a major Midwestern city. The cinema has been in operation for many years, is well established and has grown continuously for the last several years with excellent profitability. The theaters are in leased space.
The cinema has 6 screens and and 910 total seats. It has been extensively renovated since opening and include plush seating, a spacious and attractive lobby and restrooms as well as state of the art digital projection and sound. The cinema is in a leased facilities with an expiration date of available options in 2023. Landlord consent may be required for new owner, at which time lease extensions may be negotiated. The relationships with both landlords are very positive and it is not expected that extensions would be difficult to arrange on reasonable terms.
The Cinema has experience steady growth for the past several years.
There are 8-10 competitive single or multi screen theaters within 10 miles drive of the cinema.
The owner has been in the movie theater business for over forty years and is planning to downsize his business interests in advance of his eventual retirement.
Will train for 4 weeks @ no cost. The cinema requires a business and liquor license. Digital projection equipment requires some training. Existing management and other staff is willing to remain under new ownership. The current owner is willing to train the new owner, if required, for a period of up to 30 days. The primary skill set for new ownership is feature selection and staff management. These venues are known for their appearance and cleanliness, friendly and courteous staff, quality of films and fair pricing.