Operating casino in Spain.

Malaga, Spain

  • Asking Price: $47,035,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214895
  • Established: Not Disclosed
  • Employees:

Business Description

Operating casino, on the first line from the sea, in Malaga. For sale building, which houses a casino, a restaurant used for various events, for 1,000 people, two cafes. The area of land - 1 200 sq. m. In 2007 it was repaired, the value of 10 000 000€, equipped with modern equipment. Parking spaces. Malaga is a city in southern Spain, in Andalusia. The administrative center of the province of Malaga. The population is 568 212 people (as of 2012). The municipality is a part of the district (Comarca) Malaga — Costa del Sol. The second after the city of Seville in Andalusia. One of the cultural centers of Andalusia with rich traditions, University city, the venue of the Malaga film festival. Popular seaside resort on the Mediterranean coast of Costa del Sol, its transport hub. Among the famous natives of Malaga — artist and sculptor Pablo Picasso and film actor Antonio Banderas. Their names are the embankments of Malaga. The cost of the casino is 42 000 000 euros. Yield - 14-16 % (net) per year, after tax. The business is run by the owner himself for 30 years. Updated business license, which will be valid for another 15 years. The reason for the sale is retirement. It is possible to continue the business with all staff, including managers. The price includes the building, land, Parking and license. The equipment can be purchased for a fee. The documents are ready to deal. Additional information, including financial information, is provided upon signing of the LOI by the potential purchaser and upon his / her personal meeting with the owner.

Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: Spain
Metropolitan Area: Malaga

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $47,035,000
Seller Financing Available: No

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Business Listed By:

Dmitry Ivanov

Nord Investment