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Businesses For Sale   >>   Spain Businesses For Sale Categories   >>   

Well Known Spanish Casino

Location  Spain
Asking Price Range  > $35.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1980
Number of Employees  100 - 200
Relocatable  No
Number of Employees  100 - 200
Real Estate  Owned
Training  Yes.
Reason for Sale  Retiring.
Description  The casino is one of the largest casinos operating in sotherm Spain and is operating at a 31% profit and returned a net of 4,000,000 Euros in 2009 with only a 5% expected drop for 2010 on top of this the property is freehold and the 4 floors above the casino are rented out on local Government contract for the next 15 years at just over 1,000,000 Euro per year, I did visit the property and took many photos etc, the casinos has a seperate slots room with 130 slot machines and two 8 seater multi roulette machines, there are 5 restaurants including a silver service 5 star with an international wine celler in the centre of the restaurant, The casino has just introduced a 100 seater poker room plus there is a VIP room with 5 gaming tables and on the gaming floor of the casino there are 17 gaming tables with 6 A/R,7 B/J,and 3 casino poker tables, the asking price is 60,000,000 Euros with some possible owner funding, Contact Brian Minister for more information on this Casino for sale.
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