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For Sale: Movie Theatre - Fortuna

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Current Status: Active     Posting #: 190380     Last Refreshed: 2/1/19     BRE License #: 01338013    
Contact: Bob Altieri, CBA At 530-478-9790 , 530-559-1773  -  Also Email This Contact Below
Price:  $1,250,000     Down:  $1,250,000     Adjusted Net:  Call/Email     Revenue:  $720,000    
Business Address:  1241 Main Street     City:  Fortuna     Zip:  95540    
Attributes:  Absentee Run, Real Estate Included     Cooperation With Brokers?  No
Fortuna Movie Theatre  Business For Sale

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For Best Results & Response, Email & Phone This Contact: Bob Altieri, CBA at 530-478-9790 and 530-559-1773.

  Description About This Posting: Movie Theatre
Located in Downtown Fortuna, CA. The cinema complex is the anchor of Fortuna's downtown and the only multiplex serving Southern Humboldt County. The building consists of a 12,720 sq. ft. 6-screen theatre complex and includes two storefronts that have been converted for the theatre's use one is a game room and the other is a screening room with 18 seats. All auditoriums feature stadium seating and digital projection and sound. The main auditorium features the largest individual screen between Santa Rosa and the Oregon border.

Cinema West purchased the dilapidated and closed single screen Fortuna Theatre in 1999. The building was completely renovated and converted into a 3-screen theatre that year. The following year, Cinema West purchased an adjacent property and constructed a 3-screen addition. In 2007, the theatre licensed and installed digital projectors in all of its auditoriums. In 2008, a RealD 3D system was installed and this year a 2nd 3D system and enlarged new screen were installed in the largest auditorium. The entire building is fully fire sprinklered and meets ADA and California accessibility requirements.

The offering includes the real estate, all owned equipment and the license for the digital projectors and 3D equipment. The digital projection system was manufactured by and is maintained by Christie Digital Systems, a recognized leader in digital projection technology. The theatre is the first all-digital projection equipped theatre in Humboldt County and is also equipped with a computerized advance ticketing and credit card processing system. The 18-seat screening room has not been used since it was constructed 8 years ago.

CBRE completed an appraisal of the real property in September of 2008, valuing it at $1,650,000. The source of the building square footage quoted herein is the appraisal and is subject to confirmation by a prospective buyer.

To get more information about this Movie Theatre business for sale in Fortuna please phone Bob Altieri, CBA (Broker - BRE License #:01338013) at 530-478-9790 and 530-559-1773 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #190380 on BizBen.com. In addition to phoning Bob Altieri, CBA, make sure you email Bob Altieri, CBA above to get more info about this Movie Theatre , to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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