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Outstanding And Unique Casino Entertainment Business
Location Australia
Asking Price Range $250K - $500K
Gross Revenues $410000
Net Profit / Cash Flow $130000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1994
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training Yes.
Reason for Sale Owner diversifying business interests.
Description This proven business of 16 years and over 2,500 events has earned an enviable reputation in the Casino Entertainment business. This business arranges unique fun casino and horse racing entertainment events for Corporates, Fundraising and Private functions. It supplies full size original gaming tables and all tables are staffed by professional croupiers.
The business started as a hobby for the owner and then grew into a standalone business. For the past few years the owner has diversified his business interests and put a manager in place to run the event side of the business. Given his diversifying business interests the owner is now seeking to sell this Casino entertainment business.
The business is now set up to run itself and has a solid base of repeat bookings. Business would suit an owner operator, or a corporate entertainment company seeking to expand its services to its clients.
With revenues of around $410k, Net profit of around $115k and owner operator salary of at least $80k the owner is seeking a sale price of $300k. If you purchase before Christmas you can kick start your ownership and cash flow by accessing the businesses large number of already booked Christmas events. If you are interested in further information about this Casino business for sale, please email or call Terry McGough on 02 89668888 or 0412 509 656.
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