The opening, establishing and managing of restaurants, night-clubs, bars and cafes is a serious business and it requires sound professional knowledge about norms, stipulations and regulations, personnel recruitment, training and management, marketing techniques, quality of service, accounting, etc.
Our company is very experienced in such a kind of management and we encourage and persuade willing clients into buying such properties, for such investments return high yield with a low risk profile because of the well-developed tourist industry drawing an ever-increasing number of holidaymakers and local people who enjoy eating and drinking out. The food and beverage businesses suffer only slightly from factors related to season or location because they are frequented year round.
- Our company can offer to rent fully furnished premises from the owner or we can improve them up to the standard for immediate use by order of owner and at their expense.
- We can assist the owner to obtain and safe-keep all documents necessary for the lawful operation of the premises.
- We can offer to conclude agreements with suppliers to deliver goods and services necessary for the smooth and quality operation of the premises.
- We can recruit managers and employees.
- We can provide successful advertising strategy by order of and at expense of owner for their premises to become more profitable.
- We can give owners monthly statements and reports and remit their rental money, deducting from collected rents the agreed commission charges against our services for the overall management of the premises. This offer is extremely advantageous to owners because it guarantees them a quick return on investment and a substantial monthly rent, and it does not require great effort and profound knowledge from owners.
Furthermore, you should take into consideration the following legal provisions:
- You have to pay income tax on your rental revenues.
- If you have acquired the property as a natural person, then you owe to the Government 15% from your revenues from rent.
- If you have acquired your property as a juridical entity, then you owe to the Government 15% from your net profit. When the turnover of such company exceeds 50,000 BGN (about 26,000 euros), the company must be VAT registered, and this leads to a 20% deduction from the monthly revenues and requires employment of an accountant.




