The number of movie theaters is decreasing as the major chains create megaplexes that pile more people into smaller spaces. Popular downtown theaters are now vacant due to this profit strategy. Second Run Pizza is theater/restaurant business. It believes there is a substantial number of theater-goers searching for a more satisfying way to catch a film and enjoy a little bit of food. Second Run Pizza plans to renovate the Majestic Theater in downtown Manhattan and create a small restaurant that will display second-run films that are still very popular among our target audience. We will provide a completely unique dining and movie experience at an affordable cost that will draw repeat customers to our theater.
Robert Williamson and Judy Fillmore of Second Run Pizza stress two things that they believe are crucial to their success.
- Judy’s 15 years experience as a manager of four of the city’s most successful restaurants and Robert’s experience as manager of the Lighthouse Theater, a small art house theater which has recently returned to profitability under Robert’s stewardship.
- Robert’s seven-year working relationship with Premiere Film Distributors, which will supply the second run films for Second Run Pizza.
Market and financial analyses show that we can make $600,000 in sales and high net profit with a start-up investment of $300,000.
1.1 Objectives
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Sales exceeded $600K the first and more than a half million the second.
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In the first 12 months, salaries for personnel are less than $300K
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Profitable in the initial year. Each year net profits rise.
1.2 Mission
Second Run’s mission it to create an enjoyable, satisfying theater experience for its customers. Second Run will encourage them to return to Second Run often and to share Second Run with their friends. Our customers will be thrilled by our quality service, food quality, and theater environment. We believe that customers will choose to see a new film at Second Run after the credits roll and the applause has ended.
Success Keys 1.3
- Selection of popular films that work best in the group viewing environment; i.e. Comedies, scary or adventurous films.
- You will leave an impression with your exceptional service.
- Consistent entertainment atmosphere and product quality.
- Management of our cash flow and internal finances to allow capital growth.
- Strenuous control over all costs at all times without exception.