Betting Shops Company For Sale
www.GlobalBX.com
Listing ID:
70098691
Listing Title:
Betting Shops Company For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=98691
Industry:
Entertainment and Leisure
Industry Segment:
Other Entertainment and Leisure
Country:
Romania
State / Province:
Area
City:
Bucharest
Asking Price Range:
$10.0M - $20.0M
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2007
Number of Employees:
1 - 3
Business Description:
Newly established Romanian company with license for unlimited betting
shops for sale. The company has no activity.
General view: Romania has a population of 22,2 mil inhabitants and a country area of 238,391 sq km. The estimations for 2007 regarding the GDP (purchasing power parity) were a 6% real growth rate and a GDP at $247,1 billion.
Competition/Market - Almost 30 operators are sharing Romania's private gambling market. However, only a small number are active and own together three quarters from this market. There is one public operator, The National Lottery with its Pariloto.
Tax regime for betting shops:
The licenses having a validity of one year are granted against of some annual fees. For sports betting: 5% from the estimated receipts, but no less than RON 10.400; (1 Eur = 4 RON). In addition to the authorization fees, the gambling organizers pay:
1. A monthly fee ''Social stamp'': for sports betting, 10% applied over the total sale of game tickets.
2. An annually fee of 4% from the profit for the National Movies Center.
3. A monthly fee of 2% from the incomes for the National Historic Monuments Office.
Expansion potential: The potential of the Romanian market is a high one, as confirmed by the bookmakers already present which are constantly opening new shops. As for the business itself, a consistent offer, competitive odds and a wide variety of betting types would make the difference.
Ownership: Limited Liability Company
Employees: No
Financing available: No
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