Price
$185,000
Profit *
Refer to Broker
Sales Revenue
$1,155,000
Location
Victoria, Cheltenham
Category
Retail, Newsagency
Listing #
ME03111
This Southeast Melbourne business operates as a licensed lottery kiosk with additional retail offerings in a prime shopping centre. The business benefits from high foot traffic at a centre's entrance featuring over 130 stores.
*Unique kiosk with a provision to sell non lottery products
*Good lease in place
*Modern fit-outs
*Huge potential to grow Mobile Repairs Section of the Kiosk
*Prime location at a busy shopping centre with 130+ stores
*$158,000 Lotto commission
This established retail business in Southeast Melbourne has been a key part of its shopping centre location since 2000. Positioned at the entrance of a popular centre with over 130 stores, including major designer brands, the business benefits from high visibility and consistent foot traffic. It operates as a licensed lottery kiosk with additional retail offerings, trading daily from 10:00 am to 6:00 pm.
The business derives decent annual revenue including $158,000 from Lotto commissions and $141,700 from retail sales, which achieve a 65% gross profit margin. Despite its reliable financial performance, this business is a huge improver.
This business offers strong potential for growth, as the current owner (coming from a Corporate IT background) purchased it for parents who could not migrate here. As a result, it has been underutilised, in particular, tobacco sales present a major opportunity, the current owner being not very keen in selling these products despite consistent customer demand. A motivated operator could expand the range and volume of stock to boost sales and profitability.
Listing ID: ME03111
Broker: Sanjay Agrawal
Phone: 0402 023 502
Email: [email protected]
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*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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