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Betting Shops Company For Sale
Location Romania
Asking Price Range $10.0M - $20.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2007
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Focusing on other markets.
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
Click Here To Contact Seller
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