Business Summary:
Movie Theater with seven screens with expansion possibility to ten screens. Attendance and revenue is strong and increasing weekly, with 2009 revenue of $1.2Million. There is a large residential population with several school systems and universities in the immediate area , this is a huge growth area. Visit
Go to , www.TheRouteStore.com to see other listings
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| Year
Business was Established: 1997 |
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| Facilities / Terms of Lease:
Terms of Lease: Expenses Rent - $23,000 Real Estate Tax - $4,340 Telephone - $40 Electric - $1,200 Alarm - $70 Internet - $50 Payroll - $12,000 Insurance - $1,000 License Fee - $35,000 Cost of Goods Sold - $5,000 Supplies - $200 Marketing - $800 Maintenance - $400 Carting - $75 |
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| Potential
Growth/Expansion:
Room for expansion, this movie theater is only working at 75%. Major expansion will make the shopping center the main attraction for a very large busy area of Suffolk County. Already included in the lease is an attached 2,500 square foot building that can be converted to a party area, arcade, or additional food service. The theater was designed and built to have a total of 10 screens. The additional 5,000 square feet of space required can be negotiated for with the owner of the shopping center Population growth in the area is among the highest in Suffolk county. The shopping center is currently being renovated with a new parking lot and upgraded signage. Expansion plans will bring the size of the shopping center to over a half million square feet in the next 12 months. Fifteen years is remaining on the lease. Founded in 1997 |
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| Competition:
There is no competition for a 12 mile radius. |
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| Owner
willing to finance:
Need 800k down |
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| Owner
willing to train:
yes |
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| Reason for selling:
Anopther business |
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Seller Reference Number: JMZ544
BusinessMart.com Listing Number: 72114 |
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