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Tatts, Post & Sub-News North Western (glntp01) For Sale

Strathmore, Victoria
Asking Price:
$690,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Originally established in Melbourne's north-western suburbs approximately 60 years ago. The business services a vibrant neighbourhood shopping strip.

The precinct is a popular destination for locals and offers a great atmosphere. Cafés, giftware, children's clothes, fruit and vegetables, bakery and much more add to the area's attraction as an ideal meeting place.

The home delivery of newspapers was sold in 2013 and the business is now ideally suited for a couple or family and represents a unique opportunity to capitalise on the business's long established retail presence in this vibrant community.

The business is divided into three (3) core units:
I. Licensed Post Office (LPO):
LPOs make up around two-thirds of Australia Post's network. There are currently around 2,900 LPOs nationally that provide customers with access to a wide range of products and services including postal products and services, billpay, banking, money orders, postal packaging and mail services. PO Box services are also available which include sorting and mail redirection. Licensees are paid fees, commissions and discounts for work performed from Australia Post.

II. Tattslotto (Tatts):
There are approximately 700 outlets in Victoria offering a range of products including Set for Life, Powerball, Oz Lotto, TattsLotto, Monday & Wednesday Lotto, Lucky Lotteries, The Pools, Lotto Strike, Super 66, Keno and Instant Scratch-Its. Agents are paid commissions on sale of tickets and syndicates. The outlet has one terminal.

III. Sub Newsagency (Sub-news):
Sub-news provide products and services such as newspapers, magazines, stationery, greeting cards, phone cards, photocopying, facsimile, small gifts and so on. The home delivery of newspapers was sold to a neighbouring newsagency in 2013, however, the business continues to enjoy direct accounts with publishers which enables the business to maintain 25% margins on newspaper and magazine sales.

For further information please contact Gary Lay on
---- --- --- or 03 ---- ---- or email
----@----------.---.--
Price: $690,000

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