Summary
Located within a stones throw of the bustling Kyogle CBD is Kyogle Cinema, a well-established business and a purpose-built building comprising of 3 airconditioned cinemas.
Revenue
$390,000 pa
Expenses
$291,495 pa
Net Profit
$97,476 pa
Location Details
Kyogle is located in the heart of the Northern Rivers. The business is located in a purpose built building on its own freehold title.
Less than 1.5hrs to Byron Bay & Ballina.
Potential
The potential for Kyogle Cinemas is only limited by your imagination, the current owners are running the business remotely with great staff onboard. The lucky new owners could reduce wages by working the business themselves, there is also scope to expand traading hours. The Cinema currently operates: Wednesday, Friday, Saturday & Sunday.
The business could also benefit from additional services: Dinner & movie; screening old movies; etc (STCA).
Skills
Minimal skill is required to run Kyogle Cinema, the current owners are willing to remain on and provide all the training and guidance required to continue running this successful business.
Hours
Regular Hours
Wednesday: 10am - 3pm
Friday: 10am - 3pm
Saturday: 2pm - 9pm
Sunday: 10am - 5pm
School Holidays:Daily
Lease
The sale price includes the building - no lease required.
Employees
2x Casual Seniors
2x Casual Juniors
Reason for Sale
The current owners are looking to retire, therefore it is time for someone new to takeover.
About the Business
Located within a stones throw of the bustling Kyogle CBD is Kyogle Cinema, a well-established business and a purpose-built building comprising of 3 airconditioned cinemas with a total seating capacity of 311.
The business has a large, growing client basis and is the only cinema in the area (the next closest being 75kms away). People come from all over the region to watch movies and relax here, the renewed deep comfy chairs provide an ideal spot for watching movies and relaxing with a big bucket of popcorn.
The Property/Business Features:
• Purpose built building with 3 cinemas, candy bar/ticket bar, kitchen, toilet facilities and storage area
• Well established business with 100% market share, in growing regional area
• Airconditioning
• All new and fully automated, digital projectors, new and upgraded surround sound systems
• Near new chairs throughout the 3 cinemas
• Large solar system
• 853 sqm block
• B4 Mixed use zoning
This is a genuine opportunity to secure a well-established business and prime real estate in the growing Kyogle region of Northern NSW.
Future potential includes the ability to redevelop the property to include up to 8 units while still retaining cinemas 1 & 2. This would include the redevelopment of the front half of the property, into multi story units and an expansion of the current candy bar/ticket bar and foyer areas.
Full financial are available, contact Aiden Chalker on 0429 141 789 for further information.
History
Kyogle Cinemas began in 1999 when Stuart and Margaret Everett decided to open a movie theatre in Kyogle, NSW.
Stuart had a love for early cinema and was keenly interested in collecting vintage cinema projection equipment and used these projectors and lanterns in his shows which would take you through the history of cinema projection going right back to the late 19th century.
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