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Business For Sale
$40,000,000 THEATRICAL EVENT
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Recreation: Entertainment
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Year Established:
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1997 |
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# of Employees:
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4 Full Time / 25 Part Time |
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Yearly Revenues:
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$2,500,000 |
Business for Sale Overview:
The March Group, LLC currently represents the rights to a play in continuous production for over 12 years that has earned over $43,000,000 in ticket revenue. More than 1,700,000 patrons have bought tickets and attended the performance. In excess of $4,000,000 in distributions to equity stakeholders. The longest running play in the history of two US cities - one West Coast and the other Midwest - where it has been in continuous production for over 12 years and where, to this day, it is still in production and continues to draw a strong audience response. Productions of the play have run in more than 42 cities in the US and 12 across Canada, England, Ireland, Belgium, and Germany. Reported 2007 revenue of $2.5 million. Five cities in the United States will open at the end of 2008 and the beginning of 2009. Existing management team wants to remain to capitalize on very significant growth opportunities. Production in many other cities throughout the US, other venues [dinner theater, Off-Broadway, cruise ships, a possible movie and other alternatives]. Simple and inexpensive production elements. Simple set, very few actors. A great comedy that appeals to all generations.
Property Features and Assets:
The Company is headquartered at the shows home theater.
Market Competition and Expansion:
Support of the arts is up, and growth is expected to continue. Over 1/3 of all adults will attend at least one arts performance annually. Attendance at Broadway Road Tours, always a good indicator of the market, is at $16.7 million in the 2006-2007 season, and gross ticket sales posted in the amount of $950 million. Attendance is up 43% over the last five years, with gross ticket receipts rising 60% over the same period. This incredibly funny and broadly popular play is secularly positioned for major growth.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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