Summary
"MILES NEWSAGENCY & LOTTO has been serving the Angaston- Barossa Valley community since the 1920'S, offering a diverse product range and is ideal for a hands-on owner.
Revenue
$1,250,000 pa
Location Details
39A Murray Street, Angaston
*Located in the epicentre of the Angston township - prime position!
Potential
"Miles News-Lotto Agency" is your local Newsagent in Angaston.
The store offers a wide range of products including:
*Greeting Cards
*Gifts
*Printer Ink & Toner Cartridges
*School Stationery
Office Stationery
*Art Supplies
*Magazines
*Newspapers
*Deli Goods
Skills
*Easy to Operate as All Training is Provided - No Experience Necessary
*Everything is in Place for a New Owner to Come In and Commence Trading Immediately
*It Would Suit a Partnership or Family Business
*Inspection is Highly Recommended and Sure to Impress
Hours
Monday to Friday 6:45 am–6 pm
Saturday 7:30 am–6 pm
Sunday 8.00 am - 500pm
Lease
A new favourable substantial lease will be offered to a new owner.
Details are available on enquiry
Employees
*Working Owner
*Casual staffing - are employed as required
*Structured employee rosters in place
Reason for Sale
"Retirement"
The business has been owned by the same family for some 100 x years!
About the Business
This business was first established in one form or another some 100 years ago and has been in the ownership of the current vendor for all that time.
The business is situated on the main road “running through” the historic Barossa Valley township of Angaston.
With a well performing lotteries agency selling OZ Lotto, X Lotto, Powerball, Keno & instant "scratchies". Selling’ newspapers, a comprehensive selection of magazines, stationery, greeting cards, giftware, gift vouchers and more, the business has consistently generated good returns.
Also has a “delicatessen” section which embraces another revenue
This is a well-established and well-respected business and is ready for new ownership to take it to the next level.
> Long term customer loyalty established
> Well positioned and high visibility on Angaston’s main street.
> Long established and highly regarded business in the Barossa Valley
> High performing lotto outlet
> Capacity for growth
> Business to suit a working owner-family model.
* Revenue/Sales circa $1,260,000/$24,240 {stc}
* Gross Profit: circa $
*Lotteries Commission circa $92,983/$1,788{stc}
* Expenses: $on enquiry
* NTPBT $on enquiry
* Rental $50,000 per annum {stc}
* Lease: a new 5+ 5 + 5-year lease will be offered
*Outgoings $ to be advised
*Area to be advised
*Staffing: #on enquiry
*Hours’
Monday 6:45 am–6 pm
Tuesday 6:45 am–6 pm
Wednesday 6:45 am–6 pm
Thursday 6:45 am–6 pm
Friday 6:45 am–6 pm
Saturday 7:30 am–6 pm
Sunday
History
*This business was first established some 100 years ago.
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