Auckland Mall - Confectionary and Lotto Store

Auckland City

$85,000

Proposed Usage
Retail
Description:
Property ID
1c4fhb3

Price Slashed Tremendously! What a Bargain! Must Sell!

Prime Auckland Mall Location - Confectionery & Lotto Store with Independent Storage Facility - Fully Upgraded To Latest Standards/ Being sold at less than Chattels Value.

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 foot traffic due to its strategic prime location. You cannot miss it!

One of the most established stores in the mall, and excessively busy on Wednesday, Friday and Saturday's. Strong and steady annual sales of $583,639 excluding GST in FY 2018, with high gross profits and a net commission from sales of Lotto of $66,352 excluding GST in FY 2018. Current average Lotto sales per week are approx. $16,500. Confectionary and other product sales are approx. $12,900 per week which is in addition to the Lotto sales.

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 on the lease and a 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 into 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 upgraded incurring an expenditure of approximately $92,000 which is included in the price.

Call Shaun on 029 770 9767.

Price $85,000 + estimated stock value $20,000

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