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Indoor / Outdoor Cinema Biz For Sale Near Lax
Location: United States -> California -> Southern California - Los Angeles Area -> Gardena
Industry: Entertainment and Leisure > Movie Theaters

Business Summary

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.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $360,000
Cash Flow:   $200,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $1,000,000
Seller Financing:  No

About The Business

Year Established:  1946
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes.
Reason For Selling:  Retirement.

Print Listing Id: 700353621
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Related Searches: Amusement Parks  >  Art Galleries and Museums  >  Billiards and Bowling  >  Casinos  >  Movie Theaters  >  Other Entertainment and Leisure  > 

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