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Newsagency/Tatts Retail Business

Elizabeth SA 5112

Sold for $409,000 on 15 Mar 2019
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    Newsagency/Tatts Retail Business in Elizabeth

    Large and Profitable Newsagency With Lottery Agency in Major Adelaide Shopping Complex (UNDER OFFER)

      This is a popular and well positioned newsagency and lotteries outlet in a spacious modern premises. The business operates in a large and modern shopping complex in the northern suburbs with high levels of passing foot traffic.

      Selling newspapers, a comprehensive selection of magazines, stationery, greeting cards, giftware, gift vouchers and additional high turnover items, the business had total sales in 2017 of $1,515,697.

      With a well performing lotteries agency selling OZ Lotto, X Lotto, Powerball, Keno & instant scratchies, they are consistently in the top ten lotteries agencies in South Australia.

      The vendors have owned the business for 16 years and have consistently generated good returns. At present the business is under management and the vendors do not work in the business. This creates a good opportunity for an owner operator to expand profitability.

      This is a business ready for new owners to take it to the next level.