This is one of the largest DVD & Video rental businesses in Cyprus. Has maintained profitability through all ups and downs of this business for over 30 years and is here to stay. Located on a very busy avenue in Nicosia. detached building with 12 meters frontage.
The movie-rental business has gone through several cycles. This business has been through all of them successfully. Starting with the VHS boom and crash, then the DVD boom, followed by the Home Theater/Surround Sound phase then the Self-service trend and now HD/Blue Ray.
With 20.000 DVD titles to choose from, clients can always find what they are looking for. DVD (and now Blue-Ray) inventory is continuously kept up-to-date with purchases of new titles as soon as they are released. Purchases of new DVD last few years average around EURO 30.000 annually (2500 titles). The business also sells DVDs, as well as accessories such as blank CD/DVD, Print Cartridges, etc
Large (110 sqm) ground floor plus equal size mezzanine for storage. A place where film-lovers can spend a lot of time picking their next rentals. Normal operating hours are 09:00 am to 09:00 pm but under Cyprus Law DVD Clubs have no fixed opening hours.
Value of DVD stock alone (at cost) is EUR---.--- plus value of FFE, ASKING PRICE IS BELOW VALUE OF ASSETS. A great and hassle-free business, very easy to manage.