Agency Lotto Plus
Stock Included: No
Stock Value: $65,000
Years Est: 2008
Gross Revenue: 150k + 72k commission
This Newsagency has existed in one form or another, in different locations for nearly 50 years. We purchased it in 2006 as Bells Pocket News and during our 12 year tenure we relocated it to its current location and renamed it.
The business in that time has paid for two lotto fit-outs, a relocation fit-out, put two children through private school and maintained a family.
We purchased the business as a stop gap between leaving the "work-force"and reaching retirement. It has fulfilled that role wonderfully. The work is easy and while there is a strong time investment it is, without a newspaper delivery run, not too arduous.
The meat of the business is Lotto, It brings in the customers and provides a steady income stream. The things around it have changed over the years. Items like newspapers, magazines and cigarettes are waning while service delivery like giftware, parcel pickup, cash loading and payment services are on the rise. Cards and stationery are, at the moment, constant.
The lease has two five year extensions available after September so is secure for another 10 years. The shop needs to morph again to meet the changing customer needs and, as long as it continues to do this it will do well. The addition of a University and a significant townhouse development will probably drive some of that change and certainly present opportunities.
We, due to heath and age have decided it is time for us to move on.
The figures for the business are available. Full financials would be available for your accountant if you are interested.
150k + 72k commission
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