Summary
Urgent sale of a long-established newsagency in a prime shopping centre location, opposite Coles. No direct competition within 2km. Increased foot traffic and sales following recent relocation.
Revenue
$150,000 pa
Rent
$50,000 pa
Expenses
$5,000 pa
Net Profit
$100,000 pa
Location Details
SHOP 15 1930 GOLD COAST HWY, MIAMI
Located in a prime position within a busy shopping centre in Miami, Gold Coast, directly opposite the main car park entrance. The shop is clearly visible to customers exiting Coles Supermarket, benefiting from strong daily foot traffic.
Potential
This newsagency offers significant growth potential. Since relocating to a prime position, sales have already increased, and the larger floor space allows for expansion into additional categories such as gifts, party supplies, toys, magazines, beverages, and coffee, creating entirely new revenue streams. With high visibility to GO Card commuters, strong daily foot traffic, and an online lottery syndicate covering 19 suburbs, the business is well-positioned to attract even more customers, providing the new owner with substantial upside.
Skills
Perfect for a hands-on retailer who loves serving customers and wants to grow a busy newsagency.
Hours
Monday - Thursday 7:30am–5:30pm
Friday-Saturday 7:30am–5pm
Sunday Closed
Lease
5-year lease available at $50,000/year in a prime shopping centre location, with terms negotiable for the new owner.
Employees
Only 1 employee needed. In fact, if the owner works in the shop, only a casual employee is required to cover some time that owner want to stay in bed.
Reason for Sale
The owner is a building environment engineer who has recently secured a full-time position that better supports career development. Due to plans to relocate later this year, the business is offered for urgent sale, with price negotiable.
For enquiries, please call 0414 786 780, as email responses may be delayed.
About the Business
This well-established newsagency has been operating for over 13 years, including 13 years as a lottery outlet, and is located in a boutique, prime shopping centre position in Miami, Gold Coast, directly opposite Coles and near the car park entrance, ensuring excellent foot traffic. The area is popular with both locals and tourists, especially during the holiday season, providing a stable customer base.
The business offers a wide range of products including newspapers, greeting cards, stationery, toys, and party supplies. The greeting card section is a standout performer in the entire shopping centre, featuring a comprehensive and high-quality range, giving the business a clear competitive advantage. The lottery sales are highly profitable and stable, generating approximately AUD 145,000 per year in commission, verifiable via the lottery terminal, with online syndicate coverage across 19 suburbs.
Sales have steadily increased over the past few years, with annual turnover exceeding AUD 1.4 million. This is a simple, hands-on business, suitable even for those with no prior retail experience, as Golden Casket provides comprehensive training. The current owner has recently relocated within the shopping centre to a larger, boutique location, which has already boosted sales and leaves ample room for expansion into additional categories such as magazines, beverages, or coffee, creating entirely new revenue streams.
Due to the owner’s plans to relocate later this year, the business is offered for urgent sale, with price negotiable. Friendly and loyal customers make this a welcoming and easy-to-run operation, offering strong growth potential for the new owner
History
Operating for over 13 years, including 13 years as a licensed lottery outlet, this newsagency has a loyal customer base and a highly regarded greeting card section. The current owner has managed it for 5 years, maintaining stable sales. Recently relocated to a larger boutique position opposite Coles, the move increased visibility, foot traffic, and sales, providing a solid foundation and growth potential for a new owner.
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