Freehold Movie Theatre and Squash Courts For Sale - Scenic Tourist Destination - Includes Licensed Bar and 3-Bed Residence - Year-Round Demand - only $890,000
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Here is a fantastic opportunity to own a long-established and iconic movie theatre inside a spacious complex with four adjoining squash courts. Located in picturesque Lakes Entrance in Victoria, this freehold business comes with a licensed bar and a 3-bedroom home. With widespread patronage among tourists, locals and day-trippers, our renowned entertainment zone offers the best life away from the gridlock of the cities.
Our massive property is located in Victoria’s most stunning seaside township and renowned fishing port of Lakes Entrance. The beautiful region offers everything you can expect from a beach resort including fishing, boating, restaurants and supermarkets. We are not too far from Bairnsdale, a popular spot for shopping, and the beautiful three rivers that surround the town. Bairnsdale has all the facilities like colleges, hospital, and easily accessible transport to and from Melbourne, making Lakes Entrance an ideal place to raise a family away from the big city.
We provide the perfect entertainment avenue for locals and travellers and are in high-demand all through the year, particularly during the holiday season from Christmas to Easter. With no real competition nearby, we have been operating the business successfully for more than 29 years. Our fully digital and 3D cinema has a seating capacity for 140 people and has ample parking for customers. We also offer group bookings and host functions and parties.
The business can be bought by paying a deposit of $300,000 and the balance at 6% per annum payable monthly with the right to pay $10,000 multiples or more at any time. The interest will be payable on outstanding balance only. The vendor will assist ingoing purchaser for three months to settle in the business.
Features of this outstanding business:
- Well-established movie theatre and squash courts complex in Lakes Entrance
- Massive property with licensed bar, car parking and 3-bedroom residence
- Popular seaside tourist destination away from the hustle-bustle of the city
- Significant surge in foot-traffic during the holiday season
- Multiple revenue streams with huge potential for growth
- Fantastic income, terrific margins from low overheads
- Excellent vendor terms for five years
Our flourishing business is well set up for a lucrative future due to the increasing flow of tourists every year. There is ample scope for growth through the development of a restaurant and liaising with travel agencies. If you wish to make this charming beachside town your home, then grab this offer fast. Please call on the number above TODAY!