Business For Sale Listing 13495
New Update 3 Casinos for Sale - Europe
Status as of Jan-6-2009 at 06:21 PM: Active
Business Summary
3 freehold properties each having a luxury casino installed 7 years ago. One property has a 22 bedroom hotel above the casino, all 3 are operating at a very good profit. the company is registered offshore and only pays a low tax rate of 6%. This is a good opportunity to enter the gaming industry with a very successful 3 casino operation, there is an absente owner as a casino management is in full operation of the casinos and would continue to do so should the new owner wish them to stay on, the properties have increased in value at 10% for the past 2 years and the business has increased in the last year by 3% due to new gaming regulations being eased plus a complete $1M refurbishment in a Cowboy western style and has produced a net profit for this year close to 1.5M Euros in the owners pocket, plus the owner is prepared to take a down payment of 15,000,000 euros and allow the balance of 5,000,000 to be repaid over 5 years.
Categories
Industry
Location
| Classification: |
Europe |
| Location: |
German Border |
Financials
| Sales: |
Between $10 Million And $25 Million (+ 10M) |
| Profits: |
Between $1 Million and $2.5 Million (1.450,000 Euros) |
| Profit Type: |
Net Income |
| Asking Price: |
Over $20 Million (20,000,000 Euros) |
