Auckland Mall - Confectionery and Lotto Store

Auckland City

$245,000

Proposed Usage
Retail
Description:
Property ID
1c2wcrh

Prime Auckland Mall Location - Confectionery & Lotto Store With Independent Storage Facility - Fully Upgraded To Latest Standards.

A very well presented Lotto & Confectionery store in the heart of a famous shopping mall and situated in an extremely prime location.

This store attracts maximum shoppers foot traffic due to its strategic prime location. You cannot miss it if you are in the shopping mall!

One of the most established stores in the mall, and excessively busy on Wednesdays, Fridays and Saturdays. Strong and steady annual sales of $583,639 excluding GST, with high gross profits and a net commission from sales of Lotto of $66,352 excluding GST. Average exclusive of Lotto sales of $24,000 per week approximately.

A strong and secure lease until 2020 with reasonable rent in place. The working Vendor is in the process of negotiating with the mall authorities for a full term of five years Lease and subsequent increase in rent as indicated by the Vendor.

The Vendor is happy to discuss the ongoing negotiations with the new prospective purchaser and factor the increase in rent in the price of the business. Working entrepreneurs who work in the business with the right drive and focus could enjoy the current Vendor's good fortune.

The store has been recently upgraded incurring an expenditure of approximately $92,000 which is included in the price.

Call Shaun on 029 770 9767.

Price $245,000 + estimated stock value $20,000

Enquire about this business