Summary
- Property Type
- Business
- Contract Type
- For Sale
- Location
- Cheltenham
- State
- Victoria
- Price
- $199,000
- Category
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Profit-Making Lotto Kiosk - Great First Buy!
$199,000
Cheltenham, Victoria
Profit-Making Lotto Kiosk - Great First Buy!
This Southeast Melbourne business operates as a licensed lottery kiosk with additional retail offerings in a prime shopping centre. With annual takings of $1,083,000 and a gross profit of $213,000, it benefits from high foot traffic at a centre's entrance featuring over 130 stores.*$1,083,000 annual takings
*New lease in place
*Modern fit-outs
*Prime location at a busy shopping centre with 130+ stores
*$150,000 Lotto commission
This established retail business in Southeast Melbourne has been a key part of its shopping centre location since 2000. Positioned at the entrance of a popular centre with over 130 stores, including major designer brands, the business benefits from high visibility and consistent foot traffic. It operates as a licensed lottery kiosk with additional retail offerings, trading daily from 10:00 am to 6:00 pm.
The business derives $1,083,000 in annual revenue, including $150,000 from Lotto commissions and $110,000 from retail sales, which achieve a 70% gross profit margin. Despite its reliable financial performance, there is significant potential for growth.
Huge potential to grow tobacco sales as the current owner has kept stock levels almost negligible. Given the steady customer demand, a new operator could increase stock variety and volume to drive higher sales and enhance profitability.
Listing ID: ME03111
Broker: Sanjay Agrawal
Phone: 0402 023 502
Email: sanjay.agrawal@linkbusiness.com.au
Ref: ME03111
Timestamp: 20250516030003
Business Links / Tools
Last updated: 16th May 2025
Agency
LINK Melbourne / Tasmania
Contact
Sanjay Agrawal
LINK Melbourne / Tasmania- +61 3....
- +61 40....
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