Art Deco Cinema and Cafe
About this business for saleArt Deco Cinema and Cafe
The Regent has served the Northern River's community since 1947. The art-deco building features a theatre of 210 seats capacity, a large foyer, and a roofed balcony overlooking the town that provides an all year-round entertainment area.
The Regent is the only cinema within a 30km radius, servicing a local population of 20K plus and visitors coming to the Northern Rivers region. The Regent is rated #3 on TripAdvisor for things to see and do in Murwillumbah.
The business has contracts with all major distributors allowing access to a wide range of films, including mainstream productions and independent and art-house films. The screening program is entirely at the discretion of the business owner.
The building covers a large footprint with capacity to expand . The theatre features a stage for multi-functional purposes, including drama, live music and conferences. A commercial kitchen and cafe are located within the complex, potentially allowing seating for up to 50 diners. The facility is fully licensed.
With minimal marketing and short opening hours the current operation provides a reliable income for the working owners. An energetic owner could grow revenue significantly by opening as a cafe outside the currently scheduled cinema opening times and by building on the growing interest in special events within the theatre.
There is a solid lease in place with very reasonable rent and terms. All plant and equipment is included in the sale unencumbered and in good working condition.
Asking Price $195,000 plus stock
For full details contact Troy Potter
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.