2 Cinemas w Real Estate NOW Priced Below Appra.

Not Disclosed, MO
Franklin County

Franklin County


Asking Price: Annual Revenue:
$4,800,000 $2,000,000

Recreation: Entertainment


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RE: 2 Cinemas w Real Estate NOW Priced Below Appra. Broker: Ken Kunkel

Quick Facts

Asking Price: $4,800,000
Annual Revenue: $2,000,000
Net Profit: Not Disclosed
Cash Flow: $509,496
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: $5,800,000
Year Established: 1999
Employees: 40
BBN Listing #: 231259761
Broker Reference #: 1072KK

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Business Overview:

2 Cinemas with Real Estate Now Priced Well Below Appraised Real Estate Value.

2 MOVIE THEATERS WITH REAL ESTATE LOCATED IN 2 EAST CENTRAL MISSOURI TOWNS.

Covid is subsiding and people are back to the movies resulting in increased sales for both locations. Buy both theaters for less than appraised value. One theater has 8 screens and the other has 6 screens. Both are in growing towns in ideal locations. The seller has made an excellent living with these 2 cinemas for over 20 years and is now looking forward to retirement. This is a turn-key operation with an excellent manager and well-trained employees in place. We have this priced with real estate included that was recently appraised at 5.4 million. A new set up would cost over 8 million dollars before the doors could be opened. The owner has enjoyed his time in the cinema business and would like to share his wealth of information by training and mentoring a new owner.

THE NEW PRICE FOR BOTH THEATERS IS 4.8 MILLION AND SELLER WOULD ENTERTAIN SELLING EACH ONE INDIVIDUALLY.

For more information on this offering call Ken Kunkel about listing 1072KK. Please use email reply button of this ad to contact us.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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