Popular Auckland Mall - Lotto and Confectionary

Auckland City

$40,000

Proposed Usage
Retail
Description:
Property ID
1c71jgb

Popular Auckland Mall - Location, location, location - Lotto and confectionary store.
Price slashed tremendously! What a bargain! Must sell! Unbelievable price!

Confectionery & Lotto store with independent storage facility. Fully upgraded to latest standards and 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 if you are in the mall!

One of the most established stores, and excessively busy on Wednesday, Friday and Saturday's.
Strong and steady annual sales of $581,993 excl. GST in Financial Year 2019, with high Gross Profits and a Net Commission from sales of Lotto of $56,602 Financial Year 2019. Current average Lotto sales per week are approx. $16,500. Confectionary and other product sales are approx. $12,900 per week with good margins, which is in addition to the Lotto sales.

A strong and secure lease until December 2020 with reasonable rent. The working vendor is in the process of negotiating with the mall authorities for a full term of five years for the new lease.

The vendor is happy to discuss the ongoing negotiations with the mall with the new prospective purchaser. Working entrepreneurs or a husband/wife team, who are willing to 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 in August 2017 and the store is in perfect condition with near new fitout and chattels.

For a confidential discussion please complete our online confidentiality agreement.
Use this link to get started www.ds4u.cc/abc?ref=29779

Call Shaun for a confidential discussion on 029 770 9767.

Price $40,000 + estimated stock $20,000
.

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