Completely undervalued. An incredible $120k WIWO. Northgate News Tamworth

5 days ago

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Summary

NO PAPER RUN! Enormous potential to ad LPO. No licensed Post Office in the northern region of Tamworth, closest is Centrepoint. Drive massive new traffic and profit saving customers heading into town.

Rent

$73,547 pa

Expenses

$62,331 pa

Net Profit

$78,307 pa

Location Details

Centre Shop 6, 1 Piper Street, Tamworth North
In the fast growth region of Northgate, North Tamworth, an exciting opportunity presents in the music country capital of the souther hemisphere. This historic country town is only few hundred kms from Sydney, Gold Coast and port Macquarie.

Potential

Enormous potential by simply adding a licensed Post Office. The current owner enquired and Australia Post said it is a possibility. Not a done deal, worth the enquiry. This would turn this good little business into a great business as customers avoid going in to Centrepoint.
The current owner has many plans for growth that have not been pursued due to the impending sale. The potential for growth in a rapidly growing region is enormous. The latest financial year recorded a dramatic jump in gross and net profit from the previous financial year.

Hours

The store is only open 59 hours per week with the current owner only working 44.5 hours per week + 1 weekend per month.

Lease

A solid lease is in place until 18th of May 2021. Centre management happy to revise the lease for new tenants.

Employees

There are a number of casual staff, including managerial staff, for opening hours the owner is not in store.

Reason for Sale

The owner has chosen a more Aussie country life 2.5 hours outside of Tamworth. After 5.5 years building and growing an amazing business, it is time to follow the next adventure in the bush.

About the Business

Lifestyle, location, opportunity. Amazing gift shop / card shop / lottery agent / stationer / news agency.

Wonderful opportunity in the home of country music, Tamworth. This highly profitable business is located in the high growth region of Northgate, Tamworth. All of the hard work has been done for you. Walk into a well established, perfectly presented business with multiple facets to a well diversified “news agency”.

Luxury hours provide the owner an incredible lifestyle. Working only 44.5 hours per week + 1 weekend per month breaks all industry standards and certainly defies the philosophy that you can’t “buy a job”. “Work smarter, not harder” couldn’t be more obviously on display thanks to diligent work practices put in place by the current owner.

NO PAPER RUN! Northgate News Tamworth still falls under the news agency banner, however, this store is so much more than the old style, old school news agency and remarkably, still has many growth opportunities. This diligent owner has yet to pursue these opportunities due to a move deeper into the Australian countryside. So much cream has been left on the table for the new owner to realize.

Work more hours for more profit (the shop is only open 59 hours per week), work less hours and get out more and enjoy all Tamworth has to offer. Set your own hours and live life the way you want to.

Call Andrew from Summit Business Brokers today on 0418 676 400.

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