How To Own A Movie Theater
Learning how to own a movie theater may seem simple, but the truth is that it takes a lot of work and more money that most people think. If he or she is still interested in learning how to own a movie theater, then he or she should listen up so the theater owner can find out what he or she will need and how to get it.
What you need:
- Money to invest
- Loans for the rest of the cost
- A place to get your refreshments
- A place to get your movies from
1. Line up your cash. The first thing that a potential theater owner will need is to have the right amount of money. Most small theaters will cost at least $200,000 to buy right off the bat. This is only a one or two theater building. The larger the theater, the more it’s going to cost up front. The theater buyer can decide to build one, but this is likely to cost more than buying one that is already up and running and has a customer base.
2. Buy Refreshments. There are a lot of wholesale companies that will allow theater owners to buy from them. This is a great thing when he or she wants to own a theater. The reason for this is most theaters will get the bulk of their income from the refreshments it has available to customers. Most wholesale companies will allow theaters to buy on a 30 day net credit so the theater can stock up on the candy and such it needs to operate.
3, Renting The Movies. This is where theater owners spend the most money. If he or she wants to own a movie theater, the owner will need to have a large amount of cash for the movies the theater will show. Most reels cost theater owners between $800 and $2000 to rent for a week. These reels vary in cost when the film has been out longer. Films in the first weekend will run much higher than those that have been out for a month or more. Potential theater owners should keep this in mind when thinking of how to own a movie theater.
When looking at how to own a movie theater, the potential owner should think about all the costs involved and how he or she plans to pay for the daily business of the theater. This way he or she will be able to get the most out of the business and can make it work great.