Link Business

Lotto Shop and More

$325,000Auckland CityListing: #EL00910

About this business for sale in Auckland City

Lotto Shop and More

A Lotto shop in the news for all the right reasons, shop non lotto sales consisting of key worldwide brands $370k p/a with a gross margin of 40% based on 2017 figures in fully managed mode sellers discretionary income of 40k, one working owner 5 days (inc Saturday) $82k for working couple 7 days $120k p/a. Has 5 years remaining in the lease plus a renewal right for 8 more years.

Has HOP machine shows an income of 14k per annum in 2017 and has a strong following from hobbyist and collectors as this shop stocks and extensive range of collectable fun items of well known world brands.A new owner has opportunity to grow online sales develop the website and presence on social media. The buyer will need be trained and approved by the Lotto Commission. Vendor will give extensive assistance including know how and contacts with key suppliers.

Strict confidentiality applicable. Details only in person to prequalified finance approved buyers. For an appointment please look up click on "ENQUIRE NOW" to complete on-line confidentiality. Contact Neville Choksi M 0210599519 DDI 09 5556038 E

Reference: EL00910

Auckland - Ellerslie
+64 9 555 6038
+64 21 059 9519

Neville Choksi

*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.