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Businesses For Sale   >>   Dominican Rep. Businesses For Sale Categories   >>   

Casino In Punta Cana For Sale

Location  Dominican Rep.
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $1000000
Net Profit / Cash Flow  $10000000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1999
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  As may be required.
Reason for Sale  Other business interests overseas.
Description  $2,650,000. The purchase price includes a rental deposit of $ 500.000,- US currency! 800 rooms. Lease contract at Premium Hotel until 2016. Prime tourist destination of Punta Cana in the Dominican Republic. The resort is located on the east coast and is a 20-minute drive from Punta Cana International Airport. The Casino is located in a premium Hotel with major upgrades in the facilities. The casino occupies 5.380 square feet of space which is rented from the resort and has an extended lease contract at the hotel until 2016. Long term positive affects on the casino include the introduction to the junket player business which will bring in the high rollers and is a strong key to multiplying the income of this casino, along with hotel upgrades such as a VIP Club, Sports Bar, 1,000 seat theater, plus the introduction of a convention center that will bring in customers all year long. The Casino is currently equipped with 50 slot machines, 4 blackjack tables, 1 Caribbean poker table, 2 roulette tables, 1 Texas hold-em table and a VIP Bonus Bingo area. The tables that are currently in the casino can be changed at any time.
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