The current owners have successfully run this business for 22 years and want to retire.
The business just won an award for the "Community Newsagent of the year 2024".
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830+ tenancies under management, 99% occupied with an AAMI of $1,634; $1.7mil turnover anticipated for FY24 incl. $550,000+ additional fees; current owners have withdrawn from daily operation.
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Excellent location and over 4 decades in the community
Asking $320,000 + stock, making over 153k profit to 2 working owners
with over $15k of staff support
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Going to Contract, backup contracts invited !
~17% increase in takings July to Mar 2024 !
~32% increase in takings in Jan to March alone !!
High margin Gift sales up ~19% to March 2024 !!!
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This well-established property management agency, known for its high income, is now up for sale, for the first time in its nine-year history. In the 2023 financial year, the business generated a total
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Opportunity for the right person or company to take on the role of either Master Franchise or area developer for the QLD market is for sale with one of Australia's fastest growing brokers.
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Join the winning team and start your journey to becoming a busy and successful business broker, With our backend support and networking you will find yourself ahead of the game from your first day.
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