Chuck,
For big movies like top gun, batman, Disney movies, minions, the studio
takes at least 62.5% from us on ticket sales. So examples below of our net
profit on ticket sales is listed and it isn't nearly enough to pay the
bills. This is why concessions cost so much at theaters because we couldn't
stay open on ticket sales alone.
Regular $9 ticket with tax included
Sales tax = $0.62 to the state
$8.38 pre-tax
Studio takes 62.5% = $5.24
Theater keeps = $3.14 net profit
Child/senior $6 ticket
Sales tax = $0.41 to the state
$5.59 pre-tax
Studio takes 62.5% = $3.49
Theater keeps = $2.10 net profit
As a single screen theater, these small net profits per ticket barely cover
property taxes, utilities, and payroll. Let alone the equipment and
maintenance costs of needing to spend about $70,000 per auditorium every
8-10 years to replace the projector and server. Add that we're replacing
our roof this week at $65k, new siding to cover the cracking stucco at
$70k, New marquee and EFIS on the front which will be around $100k, heated
recliners at $100k for the building, new concession stand and flooring $30k.
It's easy to see how I may never pay off the investments I'm putting into
this theater unless we increase attendance. My hope is this hobby will
eventually pay back my investments in 10 years so I don't have buyers
remorse. I bought this as it was going to close during covid lost likely
and the previous owners did not have the money or energy to keep it going
much longer. It's my childhood theater where I grew up and I love it so I'm
trying to save it, restore it, and make it the best place to see a movie
compared to the multiplex theaters that are dirty and have riff raff people
causing trouble.
On Tue, Jun 28, 2022, 10:30 AM Steven Kenney via AF <af@af.afmug.com> wrote:
> Small town local theatres are something I would support. But I at this
> point don't want to give a single penny to Hollywood, Disney or any of
> those other studios that have lost touch with reality.
>
> On Mon, Jun 27, 2022 at 9:32 PM Darin Steffl <darin.ste...@mnwifi.com>
> wrote:
>
>> I'm biased because I bought a single screen theater in my hometown right
>> before lockdowns in March 2020.
>>
>> I offered half the listing price because of covid coming and the sellers
>> accepted. We've been open since Godzilla in March 2021 and things have been
>> doing better.
>>
>> I can say with certainty that my $50k projector and sound system blows
>> any of your home theaters out of the water haha!
>>
>> That said, I prefer to watch new releases alone on days we're closed or
>> after the public shows because people are generally annoying. Getting up to
>> use the bathroom, dropping things on the wood floor, talking, etc. All the
>> things you all hate, I hate too. But we keep a clean theater, have the best
>> popcorn I've ever tasted, we're friendly, and I'm renovating things slowly
>> over 2-3 years to repair and upgrade this 1937 theater.
>>
>> We just added a small 2nd screen upstairs so we can show more than one
>> movie at a time. 4k laser projector is coming next year with heated
>> recliners too.
>>
>> The movie industry is not dead and continues to be resilient coming out
>> of covid. The downside to this industry is we rely on good movies being
>> released. If the studios release a bunch of duds, theaters don't do well.
>> So we're at the mercy of the product that shows on our screens.
>>
>> Top Gun Maverick is one of my favorite movies now! I've seen it 3 times
>> and we're bringing it back for a week again starting July 1 because it did
>> so well for us in the first 2 weeks we had it. I'll watch it a 4th time.
>>
>> On Mon, Jun 27, 2022, 7:22 PM Bill Prince <part15...@gmail.com> wrote:
>>
>>> Not quite everything for me. For live events that have CC, the CC is
>>> about 10-15 seconds behind the actual dialog, so I turn it off because it
>>> becomes distracting.
>>>
>>> Sometimes when they have CC, there is silence after the person has said
>>> something that appears to me to be a complete sentence, yet the CC adds
>>> some pithy little thing that (I think) they didn't actually say.
>>>
>>>
>>> bp
>>> <part15sbs{at}gmail{dot}com>
>>>
>>> On 6/27/2022 4:37 PM, Chuck McCown via AF wrote:
>>>
>>> I have CC on everything anymore.
>>>
>>> *From:* Nate Burke
>>> *Sent:* Monday, June 27, 2022 5:23 PM
>>> *To:* AnimalFarm Microwave Users Group
>>> *Subject:* Re: [AFMUG] Movie Review
>>>
>>> Closed Captions, so you can understand what is being said, and Being
>>> able to pause for snack breaks (or rebooting the laundry) far outweigh the
>>> draw of the big screen for us.
>>>
>>> Although, When I stream, is it truly using my 9.2 surround?
>>>
>>> On 6/27/2022 6:15 PM, Bill Prince wrote:
>>>
>>> . And rolling jawbreakers down the isle.
>>>
>>> Now that's funny
>>>
>>>
>>>
>>> bp
>>> <part15sbs{at}gmail{dot}com>
>>>
>>> On 6/27/2022 2:17 PM, Steve Jones wrote:
>>>
>>> I detest the movie theater. theres always fools with phones on, smacking
>>> their lips, talking. God only know what communicable diseases youre
>>> catching off the seats. they dont even use real butter anymore.
>>>
>>> I remember seeing movies like Airplane and whatnot in the theaters and
>>> watching people get up and leave at the credits and missing the funny stuff
>>> in them. And rolling jawbreakers down the isle.
>>>
>>> On Mon, Jun 27, 2022 at 12:08 PM Bill Prince <part15...@gmail.com>
>>> wrote:
>>>
>>>> I've found for the last 10 years or so that "going to the movies" adds
>>>> zero to the quality of my life.
>>>>
>>>> Am I an outlier?
>>>>
>>>>
>>>>
>>>> bp
>>>> <part15sbs{at}gmail{dot}com>
>>>>
>>>> On 6/27/2022 9:53 AM, Steven Kenney via AF wrote:
>>>>
>>>> Go see Maverick. Everything else out there from Hollywood is
>>>> garbage.
>>>>
>>>> On Sun, Jun 26, 2022 at 12:05 AM Chuck McCown via AF <af@af.afmug.com>
>>>> wrote:
>>>>
>>>>> Elvis
>>>>> Meh
>>>>> Wait for streaming.
>>>>>
>>>>> Didn’t like how they did the first half.
>>>>> I really thought Elvis ditched Col. Tom Parker before he died, guess
>>>>> not.
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>>>>>
>>>>
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>>>
>>>
>>>
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