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TOURIST BUSINESS IN BULGARIA FOR SALE

TOURIST BUSINESS IN BULGARIA FOR SALE

root root 27/06/2021 0 Comments News

 

BUSINESS OFFER

TOURIST BUSINESS IN BULGARIA FOR SALE

We are proud to introduce our business located at Lighthouse Golf & Spa Resort  – the heart of Bulgaria’s most renowned golf destination. Parnas Estate owns and runs 7 properties as tourist accommodation – 3 luxurious villas and 4 comfortable apartments.

The resort is nested on top of white cliffs, overlooking the Black Sea. Our properties are surrounded by green land and provide a spectacular view over the coastline. They are located just 5 km from the historical town of Balchik and 3 championship golf courses side-by-side make this location perfect for golf players.

GENERAL CHARACTERISTICS OF PARNAS ESTATE PROPERTIES

VILLAS

FLOOR AREA, sq.m.

LAND SIZE, sq.m.

CONSTRUCTED

VILLA MARINA 11

343

1494

2014

VILLA MARINA 10

336

678

2008

VILLA PARNAS

246

607

2014

 

APARTMENTS

FLOOR AREA, sq.m.

USEFUL METERS, sq.m.

CONSTRUCTED

CC504

115

100

2008

CA402

116

101

2008

DC402

115

99

2008

CA403

80

68

2008

 

TOTAL FLOOR AREA, sq.m.

TOTAL LAND SIZE, sq.m.

NUMBER OF BED PLACES

1294

3207

36 (+10 extra)

 

The business has operated for already 8 seasons, which last from March till November. The average of 200 sunny days per year provides attractive weather conditions for both tourists and golf-players.

A conservative estimate of seasonal turnover is around 100 000 Euro.

OUR OFFER INCLUDES:

 

     1 294 sq.m. of constructed properties

     3 207 sq.m. of land, lawns and rose garden

     3 swimming pools

     an office room

     a storage room and maintenance instruments

     a legal entity

     documentation and permits for tourist business

     a data base with all the guests and partners

     registrations at tourist platforms

     accountancy

     business support during the starting period.

 

 

TOTAL PRICE: 3 500 000 EUR


AVERAGE REVENUES CALCULATION

BASE RATE PER NIGHT

APARTMENTS

VILLAS

CA403

CA402

DC402

CC504

M10

M11

PARNAS

LOW SEASON

  50

60

60

65

280

 320

  250

HIGH SEASON

 65

 85

85

100

 410

450

 380

REVENUE (WEIGHTED)

  9 017

11 463

 11 463

 13 145

  54 718

  60 830

  50 134

TOTAL REVENUE

210 770

 

SEASONS & OCCUPANCY

TOURIST SEASON,

DAYS

MONTH

TOTAL

DAYS

OCCUPANCY

RATE

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

LOW SEASON

15

30

31

15

31

122

50%

HIGH SEASON

31

31

31

15

108

85%

TOTAL

15

30

31

31

31

31

30

31

230

66%

 

EXPENSES PER 1 SEASON

EXPENSES

PER 1 SEASON, €

Municipal taxes:

1. Property taxes

7408

Payments to Lighthouse Golf Resort:

1. Management & Maintanance fee

13300

2.Electricity

0

3.Water

1500

4.Rental contract (linen warehouse)

770

5.Laundry

569

6.Internet, garbage

2180

7.Рњaintenance of lawns and pools

1000

Internal company expenses:

1. Salaries

2000

2. Company cars (2 pieces)

1000

Total:

29727

 

 

LOCATION

     The properties of Parnas Estate are situated within the Lighthouse Golf & SPA Resort. It is one of the 3 golf courses located next to each other – which is a significant advantage for golf players, who enjoy practicing and participating in championships on different fields during their vacation.

     Easy access – 50 km from Varna International Airport.

     50 km from border of Romania, which provides for a substantial and steady inflow of Romanian tourists.

COSTS OF DOING BUSINESS IN BULGARIA

     Bulgaria has the most favourable tax regime in Europe. Corporate income tax rate is the lowest in the EU at the level of 10%. Personal income tax is 10 %, flat rate. Industries in high-unemployment areas are granted 0% tax rate.

     Bulgaria has one of the most competitive costs of labor in Central and Eastern Europe.

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