Business for sale

Business description

The construction of this greyhound track commenced in the summer of 2002. The track is situated on 11 acres of land located in North Cyprus.

Greyhound racing is a brand new industry that has just been created on the island. Worldwide the sport is continually expanding and is forecast to continue to be hugely popular. This is evident all over the world, in particular Ireland and the UK but also in much of Europe, Australia and America.

In terms of existing popularity, the betting and gambling industry on the island is very much in favour of greyhound racing.

An electric atmosphere is unleashed even before racing begins, the buzz in the stadium is infectious and a night of racing offers something to suit all tastes and budgets, whether it is for a relaxing drink with family, friends or work colleagues.

This business was founded by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has been invested in, up to its current level. This is a fantastic opportunity to build upon the business as it stands and take it to the next level.

Estimated potential revenue can be generated as follows:

Forecast on 400 people and 1 race meeting a week.

Tote betting
400 x £5(min bet) = £2000
£2000 X 10(min race) = £20000
£20000 x 4(week) = £80000
£80000 x 12(month) = £960000
10% (gov comm) £768000 = £96000
25% (track comm) £864000 = £216000 profit a year

Bookies on site based on 50 people.
50 x 10(min bet) = £500
£500 x 10(min race) = £5000
£5000 x 4(week) = £20000
£20000 x 12(month) = £240000
10% £240000(gov comm) = £24000
25% £216000(track comm) = £54000 a year.

One of the objectives is to increase race meetings to twice a week, with the expectation to substantially increase the revenue.