Drive In Movie Theater in Western Wisconsin

Listing Details:

• Price: $439,000
• Gross Revenue: $197,333
• Sellers Discretionary Earnings: $64,373
• Location: Western Wisconsin
• Years Owned: 12
• FF&E: $30,690
• Financing: $43,900
• Support & Training: 4 weeks
• Reason for Selling: Retirement

Business Description

This drive in movie theater has shown steady growth in sales. Situated in a “resort” area of Western Wisconsin this theater has expanded in sales volume and audience during COVID. In addition to the normal movies shown on two screens nightly the theater is also hosting socially distanced concerts, church services and corporate events. The complex is located on almost 20 acres and in addition to the two screens and snack bar there is a newly built three bedroom home on the property. Currently used by the owner this could also be rented to generate additional income to the new owner.

History

Owner started the business 12 years ago and built it from one screen to the two screens, recreation area and snack bar theater it is today with a newly built three bedroom home on the 20 acre site.

Competitive Analysis

Natural social distancing in cars offers a competitive advantage over indoor movie theaters in the post Covid era.