Internal Ref: 118240157
Summary
The Phone Code for this property is: 37566. Please quote this number when phoning or texting. An exceptional opportunity awaits to own a long-established and profitable newsagency in the heart of...
Location Details
34 Elbow Street
About the Business
The Phone Code for this property is: 37566. Please quote this number when phoning or texting.
An exceptional opportunity awaits to own a long-established and profitable newsagency in the heart of West Kempsey. Operating since 1914 and under the same ownership for over 20 years, this business is deeply embedded in the local community, with a loyal customer base and a solid reputation.
Located on the picturesque mid-north coast of NSW, the store enjoys a prime position in a friendly, growing rural town near unspoilt beaches and scenic mountain ranges. The shop occupies a spacious building with excellent infrastructure, including air conditioning, a POS/stock control system, secure facilities, and a large 72m² storage area with potential for expansion.
Key income streams include a high-performing Lotto terminal (with commissions exceeding $180,000 p.a.), newsagency product sales, giftware, greeting cards, ATM rental, and growing confectionery offerings. The business benefits from an updated Lotto fitout (2022) and a well-organised floor plan with potential to enhance retail space or introduce new product lines such as vaping supplies or office services.
The area offers a desirable lifestyle with affordable housing, reputable schools, a hospital, and strong community infrastructure. The current lease is $3,136/month with flexible extension options, providing stability and growth potential for the next owner.
With untapped potential in high-margin gifts and convenience products, this is a perfect opportunity for an energetic new owner to build on an already successful foundation.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
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