Summary
THIS IS AN EXCEPTIONAL BUSINESS. Very successful, known family store. Owners work 4 days only! The store offers a unique mix of gifts & homewares, coffee and newsagency items inc NSW Lotteries.
Revenue
$2,742,000 pa
Rent
$148,000 pa
Expenses
$284,000 pa
Net Profit
$188,000 pa
Location Details
LOCATED IN A BUSY PEDESTRIAN MALL, THIS BUSINESS ENJOYS A CONSISTENT FLOW OF FOOT TRAFFIC FROM LOCALS, DAY TRIPPERS AND HOLIDAYMAKERS. SURROUNDED BY CAFES & RESTAURANTS AND LOCATED METRES FROM POPULAR BEACHES, THIS BUSINESS IS ONE NOT TO BE MISSED!
Potential
Current owners work only 4 days pw. There is potential for new owner/s to work more hours in the business themselves and pay less staff or operate the business as is and still receive a very attractive return on investment. The current owners have owned the business for over 20 years and have continued to evolve to keep up with customer demand and social trends. The new owner/s have the freedom to introduce new products and services as they please.
Skills
Training can be offered to the new owner/s but previous experience owning a business and in particular, a newsagency would be ideal.
Hours
Current store hours:
Mon-Friday: 6am-5pm
Saturday: 6am-4pm
Sunday: 6am-3pm
Owners work only 4 days.
Lease
30 September 2027 with 5 years option.
Employees
4 casual
Reason for Sale
After 20 years, owners have raised their family while owning this business and are now looking for a change! If you are looking to be your own boss, while earning an attractive income with a healthy work/life balance, this business could be perfect for you!
DISCRETION REQUESTED. NO WALK INS. PLEASE SEND YOUR QUERY VIA THIS AD ONLY.
About the Business
This is a fantastic business, particularly for a family or partnership. Current owners have raised a family while owning this business which has provided a fabulous work/life balance.
Over 20 years this business has evolved to meet customer demand, introducing new income streams including a range of high end gifts and homewares, barista made coffee and niche collectables.
The business is based in a high traffic location with a dependable clientele and is situated in a highly desired beach location.
The business is fully computerised with 24/7 technical support available and 20 years of professional accounting records.
It has a strong website and social media following.
The store's Lotto revenue continues to maintain consistently high ranking on NSW Lotteries performance ratings.
The business is part of a well known buying group, giving exclusivity with high demand products, in particular, Australian Mint collectors' coins. The business is also a designated drop off point for Lawrence dry cleaning with an exclusive agreement for Qantas uniforms.
All systems in this business have already been established. The hard work has already been done!
The new owner/s can walk in and run as is with a very attractive financial return, or they can work more hours in the business themselves to increase their return further.
Current owners seeking genuine buyers only. Contact owners direct.
History
The business has been in its current location for more than 40 years and is a well known contributor and participant in the local community.
The current owners have owned the business for 20 years and have successfully steered the business through a number of challenges including Covid and a $42M Mall beautification upgrade.
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