Established Launceston's CBD Tatts Lotto Franchise Trading 5.5 days Netting >$140,000 FY2024
Established Launceston's CBD Tatts Lotto Franchise Trading 5.5 days Netting >$140,000 FY2024
Industry :
RetailSub Industry :
Newsagency/TattsLooking for an easy-to-run business with strong goodwill and a loyal customer base? Look no further.
Operating since 2001 under the same ownership, Brisbane St News and Lotto is a thriving Tatts Lotto agency and newsagency located on busy Brisbane Street in Launceston, Tasmania. With over 2 decades of successful trading, this business is a testament to stability and financial reliability.
This profitable enterprise offers a great work-life balance, a friendly work environment, and minimal staffing needscurrently run by the owners with the help of one casual staff member. It's perfect for a working couple or anyone looking to take control of their own income and future.
Positioned on a main road with strong foot traffic, the shop draws in locals, tourists, and regular lotto hopefuls. The business sells a wide range of products including newspapers, magazines, tobacco, greeting cards, souvenirs, milk, and more.
Offering low rent and a secure lease, this is an excellent opportunity to step into a proven business with consistent returns and room to grow.
Key Features:
Established Tatts Lotto & newsagency business
Prime location with excellent visibility
Loyal customer base and tourist appeal
Minimal staff requirements
Low overheads and favourable lease terms
Perfect for owner-operators or a family team
Don't miss your chance to invest in a reliable, community-focused business with real earning potential.
To know more, please fill out a confidentiality agreement or request for one. For an inspection, please contact our professional brokers.
For further information on this exciting opportunity contact Praveen Pant on 0432 256 682 or Paul Scott on 0477 771 098 or email pauls@businessbrokersnetwork.com.au INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. Please Note: All figures quoted are approximate.
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To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.
Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
To have Certified Practicing Business Brokers that are also Registered Business Valuers, you have the opportunity to get excellent advice on how to increase the value of your business as a Seller or as a Buyer. This advice is also impatial, we see the mistakes that are made on a regular basis. You are free to use our advice or temper it with advice from your other advisors. Generally our advice is free in general areas or you can engage a Business Broker short term to use us as a sounding board to work with you on more specific requirements.
If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
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$139,000 +sav
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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