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Movie Theater with Real Estate in downstate IL


 Financial Information

  • Asking Price: $2,500,000
  • Gross Revenue: $958,992
  • Cash Flow: N/A
  • Down Payment: $2,500,000
  • FF&E (Included): $575,000
  • Inventory: $3,000
  • Financing: No
 

 Business Location

  • Confidential
  • Illinois
 

Primary Business Category: Motion Picture Theaters (except Drive-Ins) 

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!


Competition Description

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.


Growth / Expansion overview

Finishing the restaurant and opening it with a liquor license could double or triple revenue.


Support / Training Comments

Owner and current business manager would stay for a few weeks of training and transition.


Reason For Sale

Recapitalization is needed


  • Home Based: No
  •  
  • Year Established: 2011
  • Franchise: No
  •  
  • Year Acquired: 2011
  • Willing to Train: Yes
  •  
  • Relocatable: No

  • Is Property Leased: No
  •  
  • Real Estate Available: Yes
  • Real Estate Included: Yes
  •  
  • Real Estate Value: $2,000,000
  • Real Estate Asking: $2,000,000
  • Days Open: 7 Days
  • Hours Open: Varies
  • Fulltime Employees: 11
  • Part time Employees: N/A
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $16,000
  • Building Size: 41000 sq ft
  • Monthly Rent: N/A


Lincoln_listing_image

Background information

Reference:

NAPFL001-N31

Year established:

2011

Reason selling:

Recapitalization is needed

Finance

Sales:

$958,992

Operations

Employees:

11 Full time employees

Equipment:

The FFE Value is 575,000. See Asset list

Inventory:

Concessions food and candy etc. valued at $3000

Premises

Facility:

The old theater built in 1923 was sold and renovated in 2011and the owners added a 6-Plex in 2016 while converting all equipment to digital.

Square footage:

41000

Rent and lease terms:

Owner is selling the Real Estate with the Business Assets.

Location:

Lincoln, IL (Logan County - Central IL

Price and terms

Price:

$2,500,000

Down payment:

$2,500,000

Training:

Owner and current business manager will provide adequate training for a few weeks.