About 320 Ivanhoe Road
What a fun and rare opportunity offered, here! The chance to own & operate a movie theater that is up & running...and doesn't cost 7 figures! Welcome to Ivanhoe Family Cinemas, located in the beautiful Lowcountry of South Carolina. Nicely situated in the charming town of Walterboro... affectionately referred to as ''The Front Porch of the Lowcountry''. Colleton County, while a mostly rural area, boasts a population of just under 40,000. This theater is a staple in the community and has long served our area, and the many surrounding areas, with family fun & entertainment. The ''next theater'' is over 30 miles away.. so, Ivanhoe Family Cinemas has served not only the residents of Colleton County, but also the residents of the many surrounding rural towns that do not have their own.Up for sale; the 9400 sq ft building, the 1 acre of land it sits on, and the business and it's equipment & inventory!- Ready to go!Currently, the theater has 3 up & running auditoriums. There is a 4th auditorium that the current owners have been using as storage, however, had plans to utilize as an event space to serve the public. Many options available for the new owner to make it whatever they wish!Current owners purchased the property a handful of years ago...and put in a lot of money and efforts to ''bring the place up'' and make it what it is today. Giving it a wonderful facelift with new paint, seating signage, etc... they made sure not to skip over the truly important things. They had all new HVAC units installed, newly updated seating, Keeping with the charm, they even commissioned a local to paint a locally adored mural on one of the interior walls. Current owners purchased the theater just before the pandemic. So, they had plenty of downtime to put in the hard work they intended to. They really cleaned up, and brought the place in to the decade. After things opened back up.. they have seen a tremendous amount of support from not only the locals (both families and businesses). Auditorium 1- Has 94 seats and 6-8 handicap spots. An NEC900 projector, GDC server, Dolby Digital 5.1 sound system.Auditorium 2- 136 seats and 6-8 handicap spots. An NEC900 projector, GDC server, Dolby Digital 7.1 sound system.Auditorium 3- 136 seats, 6-8 handicap spots. An NEC900 projector, GDC server, Dolby Digital 5.1 sound system.** Also 1 back up projector and several extra spare theater seats, included**The lobby is filled with fun to be had!- Many nice game machines to keep everyone entertained while they wait on their movie to begin. (Game machines are owned by a 3rd party and profits are split)What's better when watching a movie at the theater than eating all the fresh snacks??-- The fully operational and stocked concession stand provides that fresh warm popcorn & ice cold soda to round out the experience. Of course you need ''something sweet'' with your ''something salty'' ... and you'll find just the thing in the candy display. There is something nostalgic about a movie theater.....Since Hollywood has returned to normal production, post pandemic, ticket sales have been on the rise! From 2022- 2023 theaters in the US were up 50% in ticket sales!This is not a mega facility! This is also not a micro facility! The benefit to that is great. It is just small enough to be able to maintain during unexpected times... and just large enough to compete with the rest!Many local businesses sponsor free movies and popcorn throughout the year. Many birthdays parties are booked here. Local area church's utilize the facility at times.Ivanhoe Family Cinemas has hosted the BEST Trunk Or Treat in the area for the last few years. Staff mostly consists of local high school students. It truly is an iconic fixture in the community.The sellers feel they have ''saved'' the place..and now is a good time in their lives to find the next owners to come in and bask in the theaterlife. They have greatly enjoyed this journey as a family.
Electric Average- $1,057 per month
Water average- $800 per year
Phone/Internet/security Average- $180 per month
Workers Comp average- $700 per year
Building/Liability average- $5k a year
The theater has it's own paved parking lot... that conjoins a retail strip containing an Ollies, a Badcock, a Mexican restaurant, a floral shop, and a few other small businesses.
Come for a private tour and see the ins/outs first hand.
If you're looking for something fun and exciting to do... this is could certainly be it!
SEE YOU AT THE MOVIES!!