Island Location - 45 mins north of Brisbane and Airport
Idyllic island lifestyle with a population cap of app 25,000 in newly redeveloped centre. Second largest shopping centre on the island with considerable growth occurring in the immediate catchment area with a further 2,000+ homes to be built over the next few years throughout the golf course and harbor estates.
Shop has a new fitout and showing solid growth in general sales of 15%+ pa and lotto of 19%+ pa with considerable opportunity to expand existing product lines through targeted marketing and promotion. Current lines include Lotto (and scratchies), Newspapers, Magazines, Cards, Books, Stationery, Tobacco, Gifts - Toys and Mobile Recharge.
Turnover of $750K and lotto commissions of $67K returning app $180K pa to a working couple, or over $225K pa to a working family.
Lease terms are 5 x 5 x 5 with a full market review scheduled in July 2014.
Same owners last 10 years, however other business interests mean this business is now available for sale.
This is a great opportunity to live in a great location, with a loyal and welcoming customer base in an expanding area. Why not make the sea change today - you won't regret it (we have not).
