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Business for sale in Abruzzo, Italy, 1600 m²

Business for sale in Abruzzo, Italy, 1600 m² - photo 1
Business for sale in Abruzzo, Italy, 1600 m² - photo 2
Price€4,500,000
TypeBusiness
Covered area1600 m²
Land area4300 m²
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Description

The current catering company. Catering, banqueting and production of traditional Italian dishes vacuum Packed and frozen. The company consists of two companies (limited partnerships, S. a.s. – societa in accomandita semplice). One engaged in production activities, another owns real estate: land 4300 sq. m two storey building, with an area of 1600 sq. m., with a portico over 200 sqm On the ground floor is the production workshop for the preparation of the finished dishes at the second Banquet hall. The building was constructed in 2006, the shop is located on the ground floor has been in operation since January 2007 (prior to that, was in another room). A ballroom was completed and began to be used since 2008. For evaluation of the property includes examination of the Bank BPER (Banca popolare Dell'emilia Romagna) which has issued a mortgage credit, the assessment was made in March 2008, before it was completed the decoration of the Banquet hall and utility rooms on the second floor, at that time, the amount of the assessment was 1 728 000 euros. All the necessary production equipment: freezers, refrigerators, furnaces, boilers, equipment for packing, washing, etc., power generator, 8 vans, kitchenware and tableware, are the property of the company. With the exception of the filling machine, which is still leasing. To date, constantly the company employs 7 employees with a full working day (2 cook, 2 servants, 2 pack, 1 working in the kitchen) 2 employee to a part-time (for 4 hours working in the kitchen), 1 trainee. Van drivers: 1 – 6 hour working day 5 – 4 hours a day. External employees: 42 employee part-time 2 hours per day (on the distribution of Lunches). Customers. Biggest customer with a turnover of 1.100.000 Euro a year – the municipality of Chieti which has a contract until 2014 for the supply of school Lunches. There are also contracts with several hotels, negotiations with the operator which administers 250 points of public catering. The largest commercial distributor is a company EatArte that sells traditional Italian gastronomy. In addition, together with EatArte, a draft edition of dietary meals, the distribution of which will deal with well-known pharmaceutical firm. 2013 DAMA took 5 new sales agents in Abruzzo and 5 in the Lazio region, supplying products to these regions by road transport companies. Through the chamber of Commerce is negotiating with the canadian company, a major distributor of frozen foods. Currently, the company produces the following products: 1) Ready meals in ATM (Atmosfera Modificata – hermetic package with an atmosphere of carbon dioxide and nitrogen); 2) Frozen ready meals; 3) sauce in the envelopes from the ATM; 4) sauce in the frozen envelopes; 5) Dishes of pasta in the bag ATM; 6) Dishes of pasta frozen. Performance for food packaging ATM 500/600 packs per hour, for mono-portion packages of 450 units per hour. For frozen meals 800/900 packages per hour, can be increased if you add another freezer. Annual turnover in 2012 amounted to only EUR 1 500 000 because the company employed less than a third of its capacity. The cost of the business 4 500 000 euros.

Extra Сosts when Buying Property

Notary fees, of the declared price 2.5 - 4%
PURCHASES FROM A COMPANY
*dwellings sold within five years of completion of construction or restoration.
Registration fee from €200
Mortgage tax from €200
Cadastral tax from €200
VAT:
- for first-home resident buyers 4%
- for second-home and non-resident buyers 10%
- on luxury homes 22%
IN OTHER CASES
Registry Tax, of the declared value 3-7%
Registration fee from €50
Mortgage tax from €50
Cadastral tax from €50

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Ongoing Ownership Costs

Water supply €15-20 /month
Electricity (in condominium) €0,2-0,3 kw/h
Property tax, on the cadastral value 0,4-0,7%

Additional Services Costs

Real Estate Agent’s Fee 1.5%-4% +22%VAT
Legal fees 1-2%

Return on Investment

Property Price
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Company Representatives
in Italy
Rome
+39 (069) 4803-412
in UK
London
+44-20-3936-4067
in Russia
Moscow
+7 (495) 240-81-87
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