Business Purchase Opportunity
Business Details:
Originally set up in 2004, the company - Bulgaria Gateway OOD - is registered to operate and trade in the categories of real estate, property management, tourism information and associated business activities. The company is debt free with no outstanding liabilities; the required company information entries into the electronic trade register have been completed; all taxes are accounted and paid to date and the company is VAT registered. The British directors have lived in Bulgaria and operated the business successfully for the past ten years but are now retiring and selling the company, together with its property portfolio and other assets.
Property Portfolio:
During the time that the company has been trading, the directors have bought and sold numerous properties as assets within the business. The company's portfolio currently includes the properties briefly described below, together with their market value as listed on property websites ... these properties are included within the sale of the business but please note that, as Bulgaria's economy continues to experience positive growth, property of all types is selling quickly.
Property 1
Situated in an attractive village on the banks of the river Tundja, just a few minutes from the main Burgas-Sofia highway, this is a 2-storey house with a total living area of 120 sq. metres, a summer kitchen, a large basement, outbuildings, a big garage with concrete floor and a garden area of some 800 sq. metres, planted with fruit trees and trellis vines. Accommodation is: 2 living rooms, a corridor and a large kitchen on the ground floor, with three bedrooms and a bathroom on the first floor.
Current market value - € 10000 or £ 7250 * (sold in October 2014)
Property 2
Just outside the town of Kotel and only a few kilometres from the architectural heritage village of Jeravna, this is a 3-storey house of 190 sq. metres offering 7 bedrooms, a kitchen and bathrooms. Located within walking distance to the Karandila national park, with parking space for three cars, this property requires plastering to the second floor and some interior refurbishment for an ideal conversion to a lodge for the many cavers, walkers, back-packers and climbers who visit the area each year.
Current market value - € 11000 or £ 8000 *
Property 3
A small but busy, friendly village with shops, cafes, restaurants, petrol stations and post office, set on the main E773 Burgas-Sofia highway, is the location for this 2-storey house with a massive, well tended garden of 2500 sq. metres, several outbuildings, a parking space and a garage. Accommodation is: two living rooms, a corridor and a kitchen area on the ground floor, with internal and external stairs to the three bedrooms, corridor and stairs to the roof space on the first floor.
Current market value - € 9000 or £ 6500 * (sold in March 2015)
Property 4
Set in the heart of a holiday villa zone in Karandila national park, at the foothills of the Stara Planina mountains, this is a development land plot of 1800 sq. metres with stunning, panoramic mountain views. The plot is regulated for building and there is a summer house and a small outbuilding already constructed on the site, both of which could be refurbished, converted or fully re-built to form a superb holiday home.
Current market value - € 9000 or £ 6500 * (sold in January 2015)
Property 5
In a designated holiday zone where many brand new houses and villas are already being built, this development land plot of 520 sq. metres sits approximately 300 metres from the front-line cliff top directly overlooking the 9th and 10th greens of the Gary Player designed golf course at Thracian Cliffs and just a few minutes from the neighbouring courses of BlackSeaRama and Lighthouse Golf & Spa. The plot is regulated for building and offers the ideal location for a summer villa in one of Bulgaria's best resort areas.
Current market value - € 12000 or £ 8750 *
Other Assets:
Additional hidden assets included within the sale of the business
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all company information documented and recorded with the Companies Trade Register
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tax and financial operating statements submitted annually and VAT registered since 2005
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established company bank account with direct debits set up for electricity, water, telephone and property taxes
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choice of whether to operate the business as a trading or non-trading company
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choice of whether to maintain or to sell any / all of the properties
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option to develop property on existing company owned land plot with all applicable tax relief
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continued use of registered office address (if required)
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continuation of administration and tax services from English speaking accountants at annual cost (if required)
Company Value:
Taken together, the portfolio of available properties at current market prices and the hidden assets described above represent a company value of more than € 30000 or £ 22000 *
For a complete purchase package, though, the directors are now offering the entire Business for Sale at € 23000 or £ 17000 *
Alternatively, the properties are available for sale individually, independently of the business, at the following prices ... and all reasonable offers for the business, the property portfolio or the individual properties will be considered.
Property 1: (sold in Oct 2014)
Property 2: € 8500 or £ 6250 *
Property 3: (sold in Mar 2015)
Property 4: (sold [n Jan 2015)
Property 5: €10000 or £ 7250 *
* Conversions from € to £ are based on current exchange rates which may vary from day to day
Further Details:
For further details of this unique lifestyle and business opportunity, or if you have any questions at this stage, please contact our Bulgarian Partners at any time ...