Tattslotto Subnews Gift Shop and Party Shop for Sale Commission $222K No competition Frankston Area

Price: Expressions of interest

Key Sale Highlights

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Business Overview

Tatts Lotto, Newsagency, Gift Shop, and Service Hub for Sale – Southeast Melbourne A rare opportunity to own a Tatts Lotto and newsagency combined with a gift shop and additional services in a high-demand area near Frankston. Operating successfully under semi-management for 8 years, this business is on the market for the first time, offering excellent profitability and expansion potential. Key Highlights: - Strong Financial Performance: - Tatts Commission: Approximately $222,000 per year. - Additional shop income generates approx $100,000 in profit annually. - Affordable and Secure: - Situated in a spacious shop with reasonable rent and a long lease, providing financial stability. - Convenient Operations: - Open only 6 days per week, managed by two casual staff, allowing for a flexible work-life balance. Growth Opportunities: - Expand Services: - Add popular services such as dry cleaning, key cutting, flowers, helium balloons, novelty gift items, and computer/phone repair to diversify income streams and attract a wider customer base. - The area has no competition for novelty shops or tech repair services, presenting untapped potential. - Leverage Location: - Strategically positioned in a busy area with consistent foot traffic, making it an ideal location to introduce new offerings. Its buyer's responsibility to make any query and do their own due diligence before making any decision. Reason for Sale: The current owner is focusing on expanding other business ventures, creating an opportunity for a new owner to benefit from the established reputation and strong earnings. This is a perfect venture for passionate entrepreneurs or seasoned investors looking to grow their presence in the retail and service industry. Don’t miss this fantastic opportunity! Contact Shail from Melvic Business Brokers today to learn more and secure this highly profitable and versatile business.

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BACKGROUND

A. The undersigned is desirous of obtaining the Promising Information from the Prospected Business Owner.

B. The Prospected Business Owner will provide the Confidential Information to the undersigned on the terms of this deed.

C. The Prospected Business Owner has required the undersigned to execute this deed when the Prospected Business Owner will provide Confidential Information to the undersigned, prior to the Prospected Business Owner providing Confidential Information to the undersigned.

TERMS AND CONDITIONS

The undersigned agrees as follows:

That the Prospected Business Owner is the sole owner of such Information, and such rights, therein as are now owned or hereafter develop or are acquired by the Prospected Business Owner in connection with the Proposal Transaction and all Confidential Information derived to the undersigned.
That by receipt of such Information, by the undersigned from the Prospected Business Owner, the undersigned acquires no proprietary interest in the Information (and where the term "Information" is used in these conditions, it means the information not already in possession of the public).
That all such Information received by the undersigned from the Prospected Business Owner or from others who advise the Prospected Business Owner, both written and verbal, furnished to the undersigned by the Prospected Business Owner, is by its nature and is considered Confidential Information, and further will be provided in confidence and is to be held by the undersigned and used by the undersigned only at such time that the undersigned is considering the Proposed Transaction.

In the event that, unless the contract becomes effective, the Information is herein, confidential information, then all such Information and the terms of this Deed are subject to the confidentiality provisions of such contract, and

Will use the Information exclusively for the purpose of evaluating the Proposed Transaction, or if pertaining to the other party of the relationship of the Prospected Business Owner with the undersigned, only through the process of evaluating the Proposed Transaction or at present for the world doing contract1.
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