Summary
Located in a busy local shopping strip, this well-established Lotto and Newsagency offers a great opportunity for investors or business owners. With a strong track record and loyal customer base.
Rent
$9,093 pm
Net Profit
$15,340 pm
Location Details
Located directly opposite a public outdoor car park and surrounded by cafes, gyms, Australia Post, and other local shops, it benefits from high foot traffic, making it a prime spot for consistent business.
Potential
Potential for Additional Revenue:
Tobacco Sales: The shop currently doesn't sell tobacco, but approval to do so could significantly boost revenue. Tobacco products typically offer high-profit margins, though compliance with regulations and licenses is crucial.
Convenience Products: Introducing items like snacks, cold drinks, groceries, and daily essentials could attract more customers, especially if the location is in a high-traffic area. This would increase foot traffic and diversify the product offering.
Hours
Monday - Friday
6:30 am–6:15 pm
Saturday
6:30 am–5 pm
Sunday
6:30 am–4 pm
Lease
Curent Lease expires on 29/02/2028 with option to renew for another FIVE years
Employees
Two business owners work full-time, supported by casual staff on Thursdays.
Reason for Sale
The business owners are committed elsewhere and highly motivated to sell, making this a rare and exciting opportunity to step into a thriving business at the right time.
About the Business
Existing Revenue Streams:
1.Lotto Sales
Annual Revenue: $1.7 million in lotto sales, generating a commission of $220,000.
Lotto sales provide a reliable income stream with a stable commission percentage.
2. Gift Cards & Gifts
Popularity: A go-to destination for locals during holiday seasons for cards and gifts. The shop offers a wide range of cards from top brands like Hallmark.
3. Newspapers & Magazines
Still maintains a loyal customer base due to the area's demographic, ensuring consistent sales.
4. Toys
The shop receives solid demand for toys, catering to families with a good selection of unique and trending items. Regularly refreshing stock helps keep customers engaged.
5. Stationery
A staple product category for newsagencies. Focus on offering both essential and premium stationery items to meet varying customer needs.
6. Other Miscellaneous Income
Includes revenue from recycling cans and plastic bottles, selling other household misecellanous items as well as parcel collection services, providing additional income streams.
History
This is a succesfully business with long tenure
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