QV News & Lotto- Newsagency Business For Sale
An exclusive opportunity to acquire an established newsagency + Tattslotto franchise in inner city Melbourne!
Industry :
RetailSub Industry :
Newsagency/TattsKey Strengths:
Loyal, repeat customersHighly adaptable business modelStrong revenue growthAbout the business
QV News and Lotto is a Victoria-based newsagency business with a lottery franchise that has been in operation for almost 7 years. The business is perfectly located in a busy shopping centre in the vibrant inner city of Melbourne.
The business offers various services including newspapers, magazines, cards, stationary retail, drinks, Tatts lottery franchise, dry cleaning, parcel pick up, and even gift and party items.
About the Opportunity
This is the perfect opportunity to acquire an established retail business in the bustling Melbourne CBD area. With Melbourne having the densest population in Australia, this business has a great market potential and a highly profitable opportunity not to be missed.
Despite having the full advantage of an emerging customer base and befitting from a long-standing one, the business’s capture is not strictly limited to locals. Thanks largely to the support of the Melbourne train network, the newsagency benefits highly from massive amounts of foot traffic on a daily basis.
With the current owners wanting to retire soon, they are looking for entrepreneurs wanting an easy-to-operate business that offers full advantage of a strong revenue stream whilst enjoying work-life balance.
One of the current owners is willing to stay for an additional month post sale, to keep the new owners up to speed about systems and operations.
The asking price includes all fittings, fixtures,computers (equipped with POS and retail programs).
Key Features of the Business
- A reputable Victorian business with 7 years of experience
- Consistent business demand and multiple revenue streams
- Diverse customer base
- Prime business location- inner city Melbourne
- A business with strong growth potential
- Secure lease agreement
Whether you are a first time business owner or an investor looking to expand your portfolio, this business is the perfect acquisition opportunity for you!
Do not miss out on this chance to be your own boss and own a profitable Melbourne business for years to come!
To organise a private conversation on how you can acquire this business, register your interest HERE.
QV News & Lotto- Newsagency Business For Sale
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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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