This news and lottery outlet derives approximately $180,000 of revenue per week. It diversifies its revenue stream by selling cards, stationery, and other items for $4,200 per week.
$18,000 average weekly revenue
$110,000 yearly commission
Cheap weekly rent of $828
5+5+5-year lease agreement
John Zhang and the team at LINK Melbourne are excited to bring to the market this news and lottery outlet in one of Melbourne’s south-eastern suburbs. It derives significant revenue through lottery sales and diversifies its revenue stream by selling miscellaneous products.
The business is located on a busy main road in a heavily populated residential area. It is surrounded by various shops and is close to the train station to benefit from a high rate of foot traffic daily. A long lease of up to 15 years has enabled the business to benefit from the security of tenure operating in the location its customers have come to associate with it.
Due to the simplicity of operations, the business has no need for an extensive team size. It is currently operated by its owner and one casual. Purchasers desirous of minimising operating costs may benefit by turning the business into a family-run operation.
There are many opportunities that incoming owners may choose to pursue. Currently, the business has no tobacco sales and other associated products. Due to the flexibility of operations, the business may introduce other lines of business relating to retail sales to potentially increase revenue.
To learn more about this incredible opportunity, contact me today. I would be glad to share more details with prospective purchasers.
Listing ID: 16884
Broker: James Wang
Phone: 0488 940 561
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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