Working Business In Europe Museum

ABOUT BUSINESS
The Museum is a touristic business situated in the Republic of Bulgaria, within the European Union.
The museum of miniatures is a unique kind of open-air park museum which presents scaled-down models of some of the most iconic structures, monuments, and attractions of Bulgaria on a scale of M1:25.

ABOUT BUSINESS
"The museum of miniatures is a private touristic business.
The museum is of national importance and has become well-known in the Balkan peninsula, especially because it is a part of the state educational program for schoolchildren and students
"Museum is a developed touristic destination:
3,5 million foreign tourists in 2022
550 thousand tourists in the town of Veliko Tarnovo in 2022
5 million local tourists in Bulgaria "

ABOUT THE OBJECT
"The museum was founded on the 30th of September 2017
The total area is 1.5 hectares
As of now, there are 60 miniatures in the museum

ABOUT THE OBJECT
"Service facilities on the territory:

Café
Toilets for visitors
Ticket office
Office premises
Workshop premises
Living rooms for personnel
Garage for 1 car
Equipment storage"
"Electricity supply
Water supply
Autonomous watering of plants
Video surveillance
24-hour security"

ADVANTAGES AND OPPORTUNITIES
"High rate of return on investment with a payback time of up to 12 years (the average in the EU is 20 years)
No competitors in Bulgaria and the Balkan region that allows to significantly enlarge the exposition
Absence of owner presence as the business functions autonomously
Quiet business environment
5 years of stable and continuously working business
The buyer has the opportunity of full legalization in the EU and obtaining a residence and citizenship permit
Respect for private property and fair business rules are guaranteed by Bulgarian and EU legislation"

PROFITABILITY
"Number of tourists annually - 50.000
Annual turnover - 180-200.000 Euros
Annual expenses - up to 63.000 Euros
Annual net profit - 117-137.000 Euros
Cost of the object - 1.350.000 Euro
Payback period - up to 12 years"

TERMS OF SALE
The sale of the object occurs by means of a change of co-founders in the effective LLC
The sale doesn`t stop the business
All reports and other documents may be provided directly during negotiations with a potential buyer
The former owners will provide consulting support for the first year of operation