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Listed by:

Sunbelt of Naples and Fort Myers

Movie Theater With Real Estate For Sale

Illinois
Asking Price:
$2,500,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$958,992 (USD)
Cash Flow:
Available on request

This is a Sale of Assets opportunity

This movie theater in downstate Illinois transports its customers back to a time when going to the movies was the height of entertainment. No expense was spared in creating this family friendly 8-Plex Theater. Simply put the owner has run out of money to finish off two additional auditoriums and to outfit out the restaurant space, which is a clean shell at the moment.

This is a great opportunity for an owner/operator or another theater group looking to roll up this gem. Buy this business for a fraction of the Asset value!

Property Information

Real Estate:

Real Property Included

Premises Details:

N/A

Size in square feet:
41000 sq ft

Business Operation

Expansion Potential:

Finishing the restaurant and opening it with a liquor license could double or triple revenue.

Competition / Market:

This is the only Theater in the mid-sized upscale town in Central Illinois. The closest competition is 25-30 miles away. With it's location in the center of town, this theater will be around for another hundred years.

Reasons for selling:

Recapitalization is needed

Trading hours:

Days: 7 Days, Hours: Varies

Employees:
Full Time: 11
Years established:
8

Other Information

Support & training:

Owner and current business manager would stay for a few weeks of training and transition.

Financing available:

Downpayment Required: $2,500,000
Monthly Payroll: $16,000

Furniture / Fixtures value:
$575,000 (USD) - included in the asking price
Inventory / Stock value:
$3,000 (USD) - included in the asking price

Listed by

Sunbelt of Naples and Fort Myers

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