Location: Corner premises located on a well-known and busy street in Palma. Recently renovated with a premium-quality storefront, ready to continue operating without the need for additional investment.
Rent: €1,000/month | 19 years remaining on the lease
Tobacco License: 24 years remaining
Lottery License: Permanent (no expiration)
TRANSFER OPTIONS:
Tobacco Shop + Lottery
Price: €403,560 (€360,000 + 10% + 21% VAT)
Lottery Only
Price: €145,200 (€120,000 + 10% + 21% VAT)
BUSINESS DETAILS:
Approximate net profit margin:
Tobacco: 8.35%
Lottery: 7.23% commission
Other products: up to 42% margin
Conditions for transferring the lottery license:
The lottery must be transferred before the tobacco shop if both are being sold
3-month transfer process if linked to the tobacco shop
5-month process if transferred to a separate entity
The current owner will assist during the first 3 months of the transition and is open to staying on as an employee for a few more years until retirement.
Established and profitable business with immediate income potential. Ideal for those seeking a stable investment with the guidance of an experienced current owner.
For further information or to arrange a visit, please get in touch.
Disclaimer: The image shown is for illustrative purposes only and may not correspond to the actual establishment. It is intended solely to provide a general idea of the type of business offered.
