Summary
Turnkey TattsLotto, Myki and gift store with modern fit-out in a prime Caulfield location. An ideal owner-operator opportunity with multiple income streams and significant growth potential.
Location Details
Prime Caulfield location within a busy shopping precinct, approximately five minutes from Monash University and close to Caulfield Racecourse, Caulfield Station, major retailers and thousands of surrounding apartments.
Potential
Excellent opportunity for an active owner-operator to build upon the existing TattsLotto, Myki, gift, coffee and dry-cleaning services. Potential to expand premium gifts, cards, seasonal products, gift hampers and coffee sales; promote dry-cleaning services; introduce online ordering and local delivery; and market directly to nearby apartment residents, university students, commuters and race-day visitors. Any new products or services are subject to relevant approvals.
Skills
No specialised retail experience is required. The business would suit an energetic owner-operator, couple or family with good customer-service, merchandising and basic administrative skills. Training and handover assistance can be provided. TattsLotto operation and transfer are subject to Tatts approval and completion of any required training.
Hours
Trading hours are in accordance with shopping-centre requirements. Contact the agent for the current schedule.
Lease
Eight-year lease term. Assignment, future rent and continuation of any concession are subject to landlord approval.
Employees
Suitable for an owner-operator, couple or family. Current staffing arrangements and owner involvement will be disclosed to genuine buyers after completion of a confidentiality agreement.
Reason for Sale
Genuine sale offering a new owner the opportunity to acquire an established, fully fitted TattsLotto and multi-service retail business. Further information regarding the Vendor’s reason for selling will be provided to genuine buyers.
About the Business
TURNKEY TATTSLOTTO, MYKI & GIFT STORE – PRIME CAULFIELD LOCATION
An opportunity to acquire an established, fully fitted TattsLotto and multi-service retail store in a prominent Caulfield shopping precinct.
The approximately 118 m² shop features a modern fit-out, furniture, essential operating equipment and an installed camera and security system. It provides a practical, ready-to-operate platform for an energetic owner-operator, couple or family.
CURRENT PRODUCTS AND SERVICES
• TattsLotto
• Myki services
• Gifts and gift packaging
• Greeting cards, stationery, magazines and newspapers
• Christmas trees and seasonal products
• Dry-cleaning pick-up and drop-off
The store generates approximately $150,914 in annual shop sales and approximately $48,000 in Tatts commission, representing combined annual revenue of approximately $199,000.
The Vendor advises that this is currently the only Myki outlet within the shopping centre. The business is also well known for selling Christmas trees and other gift products during the Christmas period.
The premises occupy a prominent position near Monash University’s Caulfield Campus, Caulfield Railway Station and Caulfield Racecourse. The surrounding area includes major retailers and thousands of apartments, providing access to residents, students, commuters, visitors and race-day customers.
This opportunity is being marketed primarily for its fit-out, established services, location and future potential. A motivated operator could expand the coffee and dry-cleaning services, introduce a broader range of premium gifts and seasonal products, develop gift hampers and corporate gifting, and promote online ordering or local delivery.
Any additional products or services are subject to landlord, Tatts and relevant regulatory approvals.
Financial and lease information will be provided to genuine buyers after completion of a confidentiality agreement.
Contact Agent
Varun Bhargava
Business Broker | Marketing Manager
URBAN NEST GROUP
Better Way to Sell Your Business
P: +61 0411 639 021
E: [email protected]
Alex Sharma
Licensed Business Broker | Buyer Advocate
Urban Nest Group
Better way to sell your business
P: +61 411 149 363
M: +61 479 137 286
E: [email protected]
W: www.urbannestgroup.com.au
History
Established TattsLotto, Myki and gift retailer serving the local Caulfield community. The store has developed multiple income streams across lottery commissions, transport services, gifts, cards and seasonal products. It has recently added coffee and dry-cleaning pick-up and drop-off services, providing further scope for growth. The premises have also benefited from a modern fit-out with equipment and a security system already installed.
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