Summary
All products outlet Lotto agency, news agency, Western Union agency. Located in Fairfield council.
Net profit over $82K in financial year 2023. Low rent and long lease. Same owner for over 24 years. Owner is looking to retire.
Price: Goodwill $150k.
Stock at valuation.
A new Digi Post lotto counter with two LCD screens, fixture & fitting, drink fridge, air conditioner, laser printer and colour printer are included with the goodwill at no extra cost.
One week of training in the shop will be provided to ensure a smooth handover.
Location:
- Located in Fairfield council, within a central shopping/village less than 100m from a train station and an Aldi store that provides convenient access to amenities, including the Post Office, pharmacy, bakeries, fruit & veg and Asian groceries, butchers, variety stores, tobacconist, family day care, medical centres and dentists.
- The central village area also includes access to beauty services including barbers, beauty and nail salon and a relaxed dining scene with a chicken shop and Asian and Middle Eastern restaurants. A small park is within short walking distance and a large council car parking area is accessible for both locals and visitors.
- Surrounded by 3 new residential apartment buildings with over 300 residential units and more than 13 commercial tenancies. 2 apartment buildings are completed and occupied, and 1 apartment building is in the completion stage.
A large national property and construction group lodged a stage 1 development application in October 2021 to the Fairfield council, seeking to construct a new 397 residential apartments at the back of the shopping complex.
Sizes of the premise:
The shop is approximately 55 m2, with a separate 26 m2 garage & storage space with a roller door, and a separate private toilet on the premise.
Business Hours :
- Mon to Fri: 6 am to 5 pm
- Sat: 7 am to 12 noon
- Sun: 7 am to 12 noon
- Closed during Easter, Christmas, New Year and public holidays.
Shop lease & rent:
3-year lease from 5/3/2022, with the option of renewal for an additional 3-year, low rent and no CPI increase with the remaining of my lease. Shop rent is $10,800/year or $900/month.
Employee : 1 owner operator, no extra staff
The Business :
Very stable business, same owner for over 24 years since Dec 1999.
Net profit over $82k in the financial year ending 30/6/2023 (for 50 not 52 weeks of operation)
Each year the shop is closed for 2 weeks during Easter, Christmas, and New Year holidays.
- Upgraded lotto Digi Post counter with 2 large LCD screens.
- Full lotto products, newspapers, magazines, tobacco & cigarettes, confectionery, drinks, greeting cards, ice cream, stationery, phone recharge & Opal top-ups, Western Union money transfer, key cutting service, faxing service.
-No paper delivery, very simple business to run.
Well-known and serviced by the local community, with many loyal long-standing customers. Plenty of potential to grow the business when additional new residents occupy the newly built apartments.
Potential:
1. New customers from 3 new apartment building developments:
- Apartment opposite the shop with 83 residential units, 6 retail tenancies, and 132 car spaces. Completed in 2021.
- Apartment at the entrance to the shopping complex just 50 m from the shop, 12-story mixed-use. 160 residential units, 7 commercial tenancies & community centre, 228 car spaces. Completed in early 2022.
- Apartment at the back of the shop. 8-story mixed-use. Started to be built in January 2023.
- A large national property and construction group lodged the stage 1 development application in October 2021 to the council, seeking to construct 397 apartments.
2. Expand the cigarette range. So far only very limited cigarettes are for sale.
3. Extend business hours on Sat & Sun
4. Promote key cutting and money transfer services (currently not being well promoted)
5. Add parcel pickup from Amazon and others
6. Add new products such as toys, gifts, education books, flowers, just to name a few.
For more information, please contact us by using the form below.
