Summary
CONSISTENT TOP TIER LOTTO REVENUE!! Very successful, known family store in popular beach location. The store offers a unique mix of gifts & homewares, coffee and newsagency items inc NSW Lotteries.
Revenue
$2,742,000 pa
Rent
$148,000 pa
Expenses
$284,000 pa
Net Profit
$188,000 pa
Location Details
LOCATED IN A BUSY PEDESTRIAN MALL, THIS BUSINESS ENJOYS A CONSISTENT FLOW OF FOOT TRAFFIC FROM LOCALS, DAY TRIPPERS AND HOLIDAYMAKERS. SURROUNDED BY CAFES & RESTAURANTS AND LOCATED METRES FROM POPULAR BEACHES, THIS BUSINESS IS ONE NOT TO BE MISSED!
Potential
Potential for new owner/s to work more hours in the business themselves/pay less staff or operate the business under management.
Hours
Current store hours:
Mon-Friday: 6am-5pm
Saturday: 6am-4pm
Sunday: 6am-3pm
Owners work only 4 days.
Lease
30 September 2027 with 5 years option.
Employees
4 casual
Reason for Sale
After 20 years, owners looking for a change.
About the Business
This is a fantastic business, particularly for a family or partnership. Current owners have raised a family while owning this business which has provided a fabulous work/life balance.
Over 20 years this business has evolved to meet customer demand, introducing new income streams including a range of high end gifts and homewares, barista made coffee and niche collectables.
The business is based in a high traffic location with a dependable clientele and is situated in a highly desired beach location.
The business is fully computerised with 24/7 technical support available. It has a strong website and social media following.
The store's Lotto revenue continues to maintain consistently high ranking on NSW Lotteries performance ratings.
The business is part of a well known buying group, giving exclusivity with high demand products, in particular, Australian Mint collectors' coins. The business is also a designated drop off point for Lawrence dry cleaning with an exclusive agreement for Qantas uniforms.
All systems in this business have already been established. The hard work has already been done!
The new owner/s can walk in and run as is with a very attractive financial return, or they can work more hours in the business themselves to increase their return further.
Current owners seeking genuine buyers only.
History
The business has been in its current location for more than 40 years and is a well known contributor and participant in the local community.
The current owners have owned the business for 20 years and have successfully steered the business through a number of challenges including Covid and a $42M Mall beautification upgrade.
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