The Movie Theater industry is benefiting from the rising disposable income which encourages consumers in spending more time on entertainment. Do you want to get on with the trend? Are you willing to shell out the initial investment needed? If YES and YES, then you should have a checklist of what to meet prior to launching. This can be anything from hiring a plumber like plumber Gilbert AZ for the planning of pipelines, electrical contractor on wiring and electricity and so forth.
A Brief Checklist for Launching a Movie House
As for the expenses, here are quick list of what you are expected to settle when opening a medium scale standard movie house in the US.
- Total fee to register your business in the US, $750.
- Legal expenses to obtain permits and licenses (e.g. health license, business license, fire department permit, air and water pollution control permit as well as sign permit). Additionally, you need to invest in an accounting service which will likely include P.O.S machines, Payroll software, CRM software and all other kinds of software, $15,300.
- Cost of enlisting the services of business consultant including the preparation of business plan, $2,500.
- Insurance is a necessity and requirement in some states which can be anything from general liability, worker’s compensation, property casualty and theft coverage for a total insurance policy premium of $Movie House .
- Of course, you have to buy equipment for your movie house including ventilation, security, signage, cash registry et al. which can run you for about $13,750.
- Cost of purchase for gadgets like telephone, receipt issuing computers, tables, chairs, printing machines and of course, some furniture for your waiting guests, $14,000.
- Basically, you want your establishment protected. This includes the procurement and installation of CCTVs, another $4,500.
- For the first quarter of your operation, it’ll possibly cost you $60,000 covering the salary of your staffs, bills payments and so forth.
- We must consider the leasing of standard facility in a strategic location. This is one of the major expenses you’d have to make for it will require you more or less $350,000.
- The cost for your startup inventories as well as cinema equipment and gadgets like projectors, movie rights, sound system, good lighting system, silver screen etc., $350,000.
- Of course, to kick of your newly opened movie theater, having an opening party would be great and to attract attention. Prepare at least $8,000.
Nothing is easy. But with the right effort, discipline and timing, things will fall into your way.
It’s Worth it of its Value
After hiring independent contractors from plumber Gilbert AZ, consultants and so on, it’ll be a grand total of $849,200. This seems to be a big figure, but don’t fret as the ROI is proportion to it as well.
