Newly Established Movie Theater Investment Opportunity in Hiram, United States

Upon completion, the business will offer:
• Ten modern duckpin bowling lanes.
• The latest arcade games including redemption games, direct pay crane games and virtual reality components with debit card integration.
• A full-service bar with seating.
• Fresh, high-quality, locally inspired food and custom alcoholic beverage offerings with in-house kitchen operations executed by a local chef. (a manageable but limited menu of food options will be refreshed periodically to better serve customers).
• Open and inviting restaurant seating areas (and communal areas) with views of all attractions.
• Country club buffet and alcoholic drink package offerings for corporate and social events.
• Multiple high-definition video projection and monitor systems in common and seating areas. Intangible assets - business plan, market and feasibility study, projection equipment evaluation, vendor and industry connections. The new development opportunity would be to re-concept a closed theatre into a multi-node entertainment complex which would include four dine-in theatre screens, a state-of-the-art arcade, modern duckpin bowling lanes, and a new bar with seating.
The business is a stand-alone building within a high-traffic retail corridor in Tifton, Georgia. The facility will create great awareness within the community due to the lack of a movie theater or entertainment center within 20 minutes. This facility, upon completion, due to the uniqueness of the attraction will create significant appeal to the entire micropolitan area as more groups are looking for an immersive experience with food and beverage. Lease negotiations are underway. - Investment structure:
The investment will be structured with current ownership equity and investor monies combined with a SBA 7A loan.
- Capital sources:
The total cost for architectural, general construction and operational set-up of the venue at this location is expected to be USD 6 to USD 7 million including architectural, general construction, FFE and soft costs. (NOTE: construction and architectural costs have not been identified as of this report. Modifications/adjustments may change based on the final layout and construction documents. Architects will be secured in the process of the final layout and value engineering to maximize revenues and reduce costs without adversely affecting the integrity of the brand. Also, this amount might increase/decrease a reasonable amount depending on the possibility of increased/decreased final FF&E, tenant improvements allowances or soft costs adjustments.
- Proforma financial performance & return on investment.
During the first twelve months of operation, revenue projections for this venue for the expansion portion will be approximately USD 4.4 million with an additional NOI of approximately 30.2%.