Two movie theaters, one in Suffolk County and one in Nassau County that are both a staple to their communities. Businesses established for 6 and 12 years. Great opportunity for the right operator to capitalize on high income and long leases. Both locations in huge shopping centers with other big names & tons of parking. Businesses come with over 1 million dollars worth of equipment. There are full time managers at both locations. Both theaters are being ran absentee.
Suffolk County Movie theater has a gross revenue of $1.5m with a rent of $240,000 a year. Nassau County’s theater has a gross revenue of $1.6m a year with a rent of $170,000. EBITDA for both theaters is $550,000.
Lots of meat on the bone left for the right operator. Owner’s are low on energy and no longer have the energy to operate the business at its’ maximum potential.
Inventory:Included in asking price