An exclusive opportunity to break into the hotel & casino sector in tourist-friendly Burgas, Bulgaria.
The sale of this hotel and casino is your chance to fully own a no-chain business located on the world-renowned Sunny Beach (Slanchev Bryag in Bulgarian) on the Black Sea. This stunningly beautiful setting has been a popular tourist spot since the 1950s and continues to flourish over sixty years later.
The fully licenced hotel is only 35 yards from the sea and boasts:
• Casino and variete, fully licensed, currently not running
• 146 rooms & seven apartments with 400+ beds
• A spa connected to the outdoor swimming pool
• Conference facilities with a 100+ capacity
• Four elevators
• Reception & lobby area with 60 seats
• Restaurant & taverna with 180 seats
Obviously, the summer months are the busiest, but you are by no means limited to this period. The hotel(situated between Hayatt and Sheraton) and surrounding area are a big attraction, with the former coming with the pride of having the oldest casino at the resort.
The business comes with up to 50 employees. As the new owner, you will receive full support and training when you take it on from the current holder who, after many years of running businesses, is selling in order to enjoy retirement.
You can expect to receive assistance with tax offices, licensing and legislation. There is also payment assistance , including crypto-based solutions.
The property is fully furnished and in working order, so you can start welcoming guests as soon as possible. You will exclusively own a 15,000 sq. ft. piece of land holding the 10,000 sq. ft. hotel and 1,900 sq. ft. casino, plus there is potential for expansion through adding a few more floors to the hotel building if you should desire.
If you want to be your own boss and enjoy the rewards of the coast, then get in touch today to see if this is the key to a shining new chapter in your life!
FINANCIAL INFORMATION:
Asking Price: €13700000 [furniture, fixtures & inventory, stock included].
PLEASE NOTE:
The casino can be sold separately for €1700000 or rented for approximately €160000 per year.
The total asking price for the complex is €13700000
Sales Revenue: €500K - €2.5M
Cash Flow: €1M - €5M
