2 cinemas with real estate now priced well below appraised real estate value

Listing ID: 1072KK
Location: Franklin County
Industry: Arts, Entertainment, and Recreation
Price: $3,999,999

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 3.999 MILLION AND SELLER WOULD ENTERTAIN SELLING EACH ONE INDIVIDUALLY. For more information on this offering call Ken Kunkel at 636-346-0293 or email at kkunkel@fusionadvantage.com about listing 1072KK.

Average Gross Sales: $2,000,000
Average Cash Flow: $509,496
FF&E Value: $250,000
Estimated Inventory (not included in sale price): $10,000

Own/Lease: Own
Square Footage: 21,000sq ft & 19,285sq ft
Building Comments:

21,000sq. ft. on acres
19,285sq. ft on acres