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Businesses For Sale   >>   Romania Businesses For Sale

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.

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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