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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!
Real Property Included
Finishing the restaurant and opening it with a liquor license could double or triple revenue.
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.
Recapitalization is needed
Days: 7 Days, Hours: Varies
Owner and current business manager would stay for a few weeks of training and transition.
Downpayment Required: $2,500,000
Monthly Payroll: $16,000
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