This business on offer is a news and retail business with a lottery franchise located in Richmond, Victoria- a fast growing suburb in east of Melbourne. The business specialises in the sales of newpapers, magazines, cards, stationery, drinks, and a chance at hitting the jackpot with Tatts lotto.
The business enjoys stability with its long and profitable 30-year trade history and the lease currently includes the shopfront and a two bedroom residence at the back, both can be revamped to be a convenience store and a rental property to increase revenue streams.
With both owners looking to retire soon, they are in search of determined entrepreneurs who see the potential in the business and its growing market to take the business to its next growth stage or develop it as their own!
At present, Burnley News has a great place in the local market, steady turnovers, long-standing and emerging customer base, and room for growth and development.
Why is this acquisition a great business investment?
🔑 A reputable Victorian business with over 30 years of experience
🔑 Consistent business demand and multiple revenue streams
🔑 Long-standing and emerging customer base
🔑 Prime business location
🔑 A business with strong growth potential
🔑 Flexible lease agreement
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