Description:

● The business has been operating since 2015 with revenue increasing every year with the exception of 2020 – it has had a declining affect due to the pandemic.
● The income is 7,000-12,000 EUR per month. The revenue in 2020 has declined solely due to operating restrictions from the government, but the business is fully prepared to earn starting in Spring 2021
● Profitability (return on investment) is ~30% per annum of the investment amount. Profit in 2019 was 10,000 EUR
● Cost of rent: 1,000 EUR/month (including utilities)
● Number employees: 3 (including the manager)
● Accounting: outsourced
● The price of 40% shares is 20,000 EUR, 50% - 24,000 EUR, 100% - 41,500 EUR
The reservation fee for this business is an advance of 5,000 EUR.

This business is ideal for a Residence Permit application as it meets all the requirements of the Migration Department. In order to apply for a Resident Permit the company has to be operating for at least 6 months and daily income, expenses and active employees (salaries & taxes) must reflect in the company’s history, as well as actual premises must be present.