Rare Opportunity To Enter The Gaming Industry
Location Dominican Rep.
Asking Price Range $500K - $1.0M
Gross Revenues $350000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 1 - 3
Inventory 200000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Other interests.
Description Seller has a 4 year contract to supply and maintain 110 slot machines to a casino situated in a prime location in the Dominican Republic. The slot machines have been delivered to the Dominican Republic and are expected to be installed in the casino within the next 60 days. The projected hold (gross profits) on the slot machines is between $85 and $150 per day, per machine - of which the seller's percentage is 10%. According to these projections the contract will generate for the Buyer annual gross revenue of between $340,000 and $620,000 - for al least 4 years. The slot machines need very little maintenance that can be handled by a local technician paid on an hourly basis. The value of the equipment included in the deal is at least $200,000. At the end of the four-year contract the casino might opt to renew the contract but in any event the buyer will retain ownership to the slot machines and will be able to sell them at market value. Owing to the tremendous value of this contract, the seller is looking for an able and committed buyer that will close this deal within 14 days. Seller is able to provide documentation to prove the legitimacy of the deal.
Click Here To Contact Seller
For more opportunities like this go to:
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
