Question about Opening Movie Theater?
#1
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Question about Opening Movie Theater?
I always wondered if it was possible to open up a Privately owned Movie Theater? I noticed most MovieTheater are ''Big Name Corporations'' with pretty much the same products and same services. Would it be possible to open up one with different prices (speaicals etc) different showings of movies (show new movies but also bring back old movies to the big screen) I was just wondering if this is possible because Ive never saw one like this.
#3
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The movie theater industry would be classified as an oligopoly for a reason which is because their are barriers to entry. Getting the prints from the studios, licensing and huge fixed costs im sure which would go into opening a movie theater make it impractical for most. You would mostly only occur sub par profits even because of the current movie theaters huge name recognition. Basically, its just not profitable.
#4
DVD Talk Legend
You could try with either:
A second-run theater (99% of which are indepedently owned).
-- OR --
An art-house theater that shows speciality and cult titles as well.
A second-run theater (99% of which are indepedently owned).
-- OR --
An art-house theater that shows speciality and cult titles as well.
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These guys seem to be doing pretty well, to where they're now offering franchises. Here's their requirements for consideration as a franchisee:
Qualifications
* A minimum of 5-7 years theater or restaurant experience in a leadership role
* A minimum net worth of $750,000 (exclusive of personal residence and property) and liquid assets of $360,000.
* Prior theater experience or multi-unit franchise experience as owner/operator
* The resources and capability to open, own and operate 6-12 locations in 3-5 years ( they only have 7 locations total so far!)
* Highly motivated to operate within the demands of the Alamo Drafthouse Cinemas® concept
* Prior real estate development experience in the territory you are interested in developing
* The applicant group may consist of up to five individuals and may not be a publicly traded company. The designated operator must have at least a 10% ownership stake in the applicant group.
* A minimum of 5-7 years theater or restaurant experience in a leadership role
* A minimum net worth of $750,000 (exclusive of personal residence and property) and liquid assets of $360,000.
* Prior theater experience or multi-unit franchise experience as owner/operator
* The resources and capability to open, own and operate 6-12 locations in 3-5 years ( they only have 7 locations total so far!)
* Highly motivated to operate within the demands of the Alamo Drafthouse Cinemas® concept
* Prior real estate development experience in the territory you are interested in developing
* The applicant group may consist of up to five individuals and may not be a publicly traded company. The designated operator must have at least a 10% ownership stake in the applicant group.