Tobacco and lottery business occupying a prominent corner premises on a well-known, busy street in Palma, Mallorca, with long-term licences, recently renovated premises and an established trading operation.
The business benefits from a tobacco licence with 24 years remaining and a permanent lottery licence with no stated expiry. The premises have recently been renovated and feature a premium-quality shopfront, allowing an incoming operator to continue trading without the need for additional investment in the premises.
The business generates income across tobacco, lottery and other product sales. The stated approximate net profit margin on tobacco sales is 8.35%, while lottery activity generates a stated commission of 7.23%. Margins on other products are stated to reach up to 42%.
There are two stated acquisition options. The tobacco and lottery operation is available together for €403,560, comprising €360,000 plus 10% and 21% VAT.
Alternatively, the lottery operation alone is available for €145,200, comprising €120,000 plus 10% and 21% VAT. The headline asking price supplied for the listing is €405,000.
Where both licences are being transferred, the lottery operation must be transferred before the tobacco shop. The stated transfer process is approximately three months when the lottery operation remains linked to the tobacco shop and approximately five months when transferred to a separate entity.
The current owner will provide support during the first three months of the transition and is also open to remaining as an employee for a further period until retirement.
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.
