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Multifunctional Entertaining Building
Location: Latvia -> Riga
Industry: Entertainment and Leisure > Other Entertainment and Leisure




Business Summary

Multifunctional entertaining building for sale. Price: 27 300 000 Euro.
The annual turnover 5 720 000 Euro The annual revenue 645 000 Euro
Multifunctional building is an indoor arena in Riga, Latvia. Primarily used for ice hockey, basketball and concerts. Building holds max. 14,500 people and was completed in 2006. Built to be used as one of the venues for the 2006 Men's World Ice Hockey Championships.
Many big name international artists have performed at this venue, including: Depeche Mode, Chris Rea, Korn, Queen and Paul Rodgers, Sigur R�s, Sex Pistols, Kiss, Ozzy Osbourne, Placebo, Elton John, Lou Reed, R.E.M., Rihanna, Pink, Kylie Minogue, Backstreet Boys, Bj�rk, Seal, Avril Lavigne, Lenny Kravitz, Linkin Park, Muse, Sting, Myl�ne Farmer, Deep Purple, Scorpions, James Brown.
On the second floor of the building there are boxes that offer you the opportunity to be in an area zoned off from others and still enjoy the emotions created by the event together with all other visitors.

Club Business: Club owners rent seats in a special VIP zone. They are provided with a separate entrance and restaurant, guaranteed parking lot next to the entrance, toll-free wardrobe, guaranteed tickets that need to be purchased not later than in 2 weeks before the event.
Business Club seats may be used by their owners or guests invited by them.
Business Club for corporate clients.
Business Club restaurant, Starlight Cafe
Technical equipment and service level is compliant with the highest international standards of the entertaining industry which enables to host famous artists, musicians and sportsmen and attract audiences of thousands of people. The structure is an opportunity for the organizers of events to offer the Latvian public world famous shows, performances and concerts.

Capacity:
Ice hockey 10300
Basketball 11200
Concert 10500
Amphitheatre (level 100 and 200) 2000 - 4000
Amphitheatre (levels 100, 200 and 300) 3500 - 6000
Maximum capacity 14500


Financials

Asking Price Range:  $20.0M - $35.0M
Gross Revenues:   $645,000
Cash Flow:   $5,720,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2006
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

Photos

View Larger Photo(s) Of Business
Multifunctional Entertaining Building Photo 1 Multifunctional Entertaining Building Photo 2 Multifunctional Entertaining Building Photo 3




Print Listing Id: 700100406


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Related Searches: Amusement Parks  >  Art Galleries and Museums  >  Billiards and Bowling  >  Casinos  >  Movie Theaters  >  Other Entertainment and Leisure  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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