Indoor / Outdoor Cinema Biz For Sale Near Lax
www.GlobalBX.com
Listing ID:
700353621
Listing Title:
Indoor / Outdoor Cinema Biz For Sale Near Lax
Quick Link:
http://www.globalbx.com/listing.asp?bId=353621
Industry:
Entertainment and Leisure
Industry Segment:
Movie Theaters
Country:
United States
State / Province:
California
Area
Southern California - Los Angeles Area
City:
Gardena
Asking Price Range:
$500K - $1.0M
Gross Revenues:
$360,000
Cash Flow:
$200,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1946
Number of Employees:
1 - 3
Business Description:
Indoor walk-in cinema built in 1946 (max capacity 800) and operated by same operators since 1976. Now showing outdoor drive-in style cinema (max capacity 55 vehicles) during COVID-19 pandemic. Business includes use of indoor theater (approx. 12,000 sf and max capacity 800), all projection and snack bar equipment, parking lot (shared with other tenants), and ability to show outdoor movies projected on wall of theater (max capacity 60 vehicle during COVID-19). Parking lot is approx. 30,000 sf. and fenced in with motorized chain linked gate. Pre-COVID Lot is striped for 118 spaces, including 4 handicapped van accessible spaces. Property consists of two parcels totaling almost 1 acre on Crenshaw Blvd., located 15 minutes southeast of LAX (Los Angeles International Airport) and 1.0 mile south of SpaceX Headquarters and Tesla offices. Amazon has a distribution hub within 1.0 mile. Los Angeles So-Fi Stadium for NFL Rams and Chargers is a 15 minute drive. Also, lots of new apartment developments going up on Crenshaw Blvd. Owners are elderly and are willing to give right of first refusal with Lease. Property is located at 14948 Crenshaw Blvd., Gardena, CA 90249. Daughter is real estate broker and available at 213-839-0100 to answer any questions. Feel free to drive by to look or make an appointment for full access to the property.
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