Summary
Huge opportunity to takeover a well established newsagency in the heart of Hills District in a prime shopping mall currently running under management.
Potential
- Prime entrance location in the mall and no other newsagency in the shopping mall.
- Huge opportunity to expand tobacco sales. No dedicated tobacco stores in the whole mall.
- Expand/Diversify the product range and increase the revenue
- Introduce Western Union/Money Transfer as there is huge demand due high footfall of Asian community
- Sell fresh flowers
- A hands on operator can easily increase the sales and increase profit margin.
Skills
No Special skills required full training and support provided.
Lease
Secure lease till 2028
Employees
4 Casuals
Reason for Sale
The current owner has young kids and a new born baby and is unable to focus on the business and currently running under management. Current owner must sell to focus on young family. Reluctant sale due to family reasons.
About the Business
- Prime entrance location in the mall and no other newsagency/lotto shop in the shopping mall.
- High volume lotto turnover
- 25+ years of trading history with secure lease on favourable terms
- Very well known newsagency in entire area with repeated customer base.
- Dedicated trained staff in place already and streamlined systems - true turnkey operation
- Modern POS System to maximise output
- Very reasonable rent based on the location in the mall
- Ideal for owner-operator, couple, or investor seeking a low-complexity, high-volume lotto operations.
Diversified Revenue Streams (already in place)
- Regular Newsagency lines (Cards/Stationary/Gifts/Books...etc)
- FedEx/TOLL/TNT & Hubbed parcel drop-off / pick-up
Low Rent
- $5737 + Outgoings (Per Month)
Annual Lotto Commission for last Year
- $160000+
Other Sales Annually with high gross margin
- $150000+
To find out more, click the "Enquire Now" button to complete an online confidentiality agreement.
Purchasers are required to make their own enquiries in order to verify the information provided.
Stock photo images may be used to represent the business on an unidentified basis.
Keywords: News, lotto, giftshop, newsagent, newsagency
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