Sold

PRICE REDUCTION OF $400,000 For Highly Profitable 4-Screen Cinema Complex

SOLD

* DEADLINE SALE 31 OCTOBER *

The highly profitable Monterey Cinemas in Upper Hutt has recreated the family cinema experience with an American Diner theme to accompany a blockbuster led revival in cinema patronage.

The owners have reduced the price of this highly successful cinema complex from $2.25m to $1.85m to widen interest and provide greater opportunity for aspirational business owners.

TOP GUN MAVERICK, ELVIS and THOR have shown the world that the movies are back, underpinning one of the biggest post-Covid bounce backs we’re likely to see in any sector. Surpassing “Titanic” as the biggest domestic box office movie in Paramount history in the US, Top Gun Maverick has shown that our long love affair with movie theatre action is stronger than ever.

Located in central Upper Hutt, the Monterey Cinemas has great patronage from a large catchment of families and local residents.  This delivers consistently high profits with 2023 shaping up to be a return to the halcyon pre-Covid years.  An in-house liquor licence adds a great margin revenue stream to this total family entertainment experience.

An ideal acquisition for hospitality entrepreneur, the Monterey Upper Hutt provides an excellent return for a family or a working couple requiring flexibility combined with thoroughly enjoyable working days.   

Imagine the family birthday celebrations with your own very special movie/dining experience, so get in quick before BLACK PANTHER and AVATAR hit the screens where you’ll need extra family members to handle all the cash!

If you are interested and would like more information about this business, please visit the Barker Business Brokerage website, search reference number 3335 and submit the online Confidentiality Agreement. Once Michelle receives your expression of interest she will be in touch regarding further information about this opportunity.

*Source of information - Supplied by the Business Owner.

Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2022.

 

Details

Region Wellington
Price SOLD
Business ID 3335
Category Leisure/Entertainment

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