business

CY0312L

LARGE DVD CLUB - NICOSIA

  
Business Type: Video & DVD Rental
Location: Nicosia Centre, Nicosia, CYPRUS  
Type of Tenure: Leasehold
Business Reference: CY0312L
Asking Price: € 287.000
Annual Turnover €135.000
Gross Profit Margin 100%
Monthly Rent €1.800
Stocks (at cost) €440.000 + VAT
Reason for Sale Retirement
Accounts Available 2000 - 2012
Years Established 34
Incorporated Business Limited Company
Car Parking 3
Vendor Financing Negotiable
Full-time Employees 1
Part-time/Seasonal Employees 1
Internal Area 110 sq.m. (1.180 sq ft)
Mezzanine Area 110 sq.m. (1.180 sq ft)
 

Description

This is one of the largest DVD & Video rental businesses in Cyprus. Has maintained profitability through all ups and downs of this business for over 30 years and is here to stay. Located on a very busy avenue in Nicosia. detached building with 12 meters frontage.

  • The movie-rental business has gone through several cycles. This business has been through all of them successfully. Starting with the VHS boom and crash, then the DVD boom, followed by the Home Theater/Surround Sound phase then the Self-service trend and now HD/Blue Ray.
  • With 20.000 DVD titles to choose from, clients can always find what they are looking for. DVD (and now Blue-Ray) inventory is continuously kept up-to-date with purchases of new titles as soon as they are released. Purchases of new DVD last few years average around EURO 30.000 annually (2500 titles). The business also sells DVDs, as well as accessories such as blank CD/DVD, Print Cartridges, etc
  • Large (110 sqm) ground floor plus equal size mezzanine for storage. A place where film-lovers can spend a lot of time picking their next rentals. Normal operating hours are 09:00 am to 09:00 pm but under Cyprus Law DVD Clubs have no fixed opening hours.

Value of DVD stock alone (at cost) is EUR440.000 plus value of FFE, ASKING PRICE IS BELOW VALUE OF ASSETS. A great and hassle-free business, very easy to manage.
 

Photos
  • The present business is offered for sale by DealMasters.  Any information downloaded or printed is intended strictly for private use by you as a Registered User of our web-site; it may not be copied, published or distributed in any manner. 
  • You are advised that this is a confidential sale, therefore no direct approach to the business owners or business premises should be made and all viewings should be arranged through DealMasters. 
  • Prior to disclosure of the identity of the business and/or its owners, business financials and other operational details, interested parties will sign the standard Confidentiality Agreement, which can be downloaded here or sent to you by fax upon request.
  • We do not perform any due diligence on businesses for sale, business owners, or the information provided by them.  Such information is passed on by us without any guarantee or responsibility. Interested Buyers are strongly urged to perform thorough due diligence prior to acquiring a business
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