I have been thinking of setting up a bet shop for sometime time. But after discussing with a super agent I was advised to buy and already existing betshop rather than trying to start afresh.

I have been searching and with help from the agent and a few friends I discovered one in GRA Benin city. The owner is insisting on #2million non negotiable. The thing is I want advise from anyone who owns or has run a betshop if I should go for it. Is it okay for that price or am I paying too much for it?

touchalex25:
I have been thinking of setting up a bet shop for sometime time. But after discussing with a super agent I was advised to buy and already existing betshop rather than trying to start afresh.

I have been searching and with help from the agent and a few friends I discovered one in GRA Benin city. The owner is insisting on #2million non negotiable. The thing is I want advise from anyone who owns or has run a betshop if I should go for it. Is it okay for that price or am I paying too much for it?

Which bet company ?

How much does it cost to get a licence, place and furnish it I am sure it not be up to a million.

The only thing you're paying for is goodwill and that is dependent on a lot of factors like the location, number of transactions each day and a lot more

How much does it cost to get a licence, place and furnish it. I am sure it not be up to a million.

The only thing you're paying for is goodwill and that is dependent on a lot of factors like the location, number of transactions each day and a lot more

Kingpin1000:

Which bet company ?

bet9ja

Bet business is declining rapidly. If u must run the business, buy an existing shop as u were advised. Secondly, ensure the virtual sales is very high else it wldnt be funny.

In case anyone is interested in acquiring bet9ja shop. I have one for sale at abeokuta around ita oshin(oke-ata)

Asking price is 900k

Kindly contact me for inspection
0-8-1-3-2-1-4-0-0-9-7

aniland:
Bet business is declining rapidly. If u must run the business, buy an existing shop as u were advised. Secondly, ensure the virtual sales is very high else it wldnt be funny.

really? Do you have any other business you can advice I venture into

touchalex25:
I have been thinking of setting up a bet shop for sometime time. But after discussing with a super agent I was advised to buy and already existing betshop rather than trying to start afresh.

I have been searching and with help from the agent and a few friends I discovered one in GRA Benin city. The owner is insisting on #2million non negotiable. The thing is I want advise from anyone who owns or has run a betshop if I should go for it. Is it okay for that price or am I paying too much for it?

No! Don't do it. 2 million in a bet shop is a terrible idea, especially here in Benin-city. I strong advice against it.

nuelleoz:



No! Don't do it. 2 million in a bet shop is a terrible idea, especially here in Benin-city. I strong advice against it.

okay thanks

If you’re buying/opening just let me know.
I have items I bought purposely because of the shitty buisness.
I thought it’s going to work well in my area after I even rented the shop. Unfortunately I couldn’t get the bet9ja account and all my items are unused in my store.