Summary
Established over 50 years ago, Located on a Main road. diversified revenue streams with strong sales from Coffee Counter, Gifts, greeting cards, Stationary, magazines. With strong sales from Lotto.
Revenue
$1,700,000 pa
Rent
$77,000 pa
Expenses
$25,000 pa
Net Profit
$140,000 pa
Potential
* Turnover Newsagency - $450K
* Turnover Soft Gambling - $1.2M (up 25% from previous year)
* Current Services – Golden Casket, ATM, Medicinal Cannabis Subscription Kiosk, Parcels, Dry Cleaning, Go Card, Ladbrokes, Blushift, EPay – Phone Credit, Bitcoin ATM.
Superbly presented 300sq Meter store with huge potential to add other revenue streams/Services
Skills
Ideal buyer would be a cash buyer with lotto experience for a quick settlement, however this is not required as training will be provided.
Hours
Trading – 6.5 Days
Lease
Secure lease in place (1.5 years to go with 5 year option in place)
Employees
Has been run in the past with just the 2 owners and 1 staff member for support, Currently Only one of the owners is running the business with 2 staff assistance, until it is sold, due to personal reasons.
Reason for Sale
One Owner is currently occupied with other business ventures and is no longer able to provide support for this business.
About the Business
This well-presented newsagency, established over 50 years ago, is located on a Main road and is bustling with local clientele.
The business has diversified revenue streams with strong sales from Coffee Counter, Gifts, greeting cards, Stationary, magazines. Together with strong sales from Lotto, makes this a secure business with great returns on investment
Business Highlights
* Superbly presented 300sq Meter store with huge potential to add other revenue streams/Services
* Secure lease in place (1.5 years with 5 year option in place)
* Strong store sales
* Advanced POS system in place for ease of operation
* Prominent position (Very busy main road) with constant flow of foot traffic
* State of the art Security Surveillance system
* Plenty of onsite Parking
* Well trained staff
* Multiple revenue streams
* Owners Profit Potential - $140K
Asking Price - $250k (includes all stock because owner is motivated to sell) + rental bond + agency fees and contract costs
There is huge potential to take this business to even greater levels as the business is showing substantial growth year on year. Only one of the owners is currently running the business with staff assistance, until it is sold, due to personal reasons.
Excellent opportunity not to be missed.
Ideal buyer would be a cash buyer with lotto experience for a quick settlement, however this is not required as training will be provided.
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