Busy Full Service Newsagency - Huge Turnover ABM ID #1834

  • Busy Full Service Newsagency - Huge Turnover ABM ID #1834
This busy and full service newsagency offers a broad selection of newspapers, magazines, phone cards, Lottery, stationery, drinks, confectionery and even business services such as stamps and fax and photocopying facilities. It has been with the current owners for over 10 years and boasts a huge turnover of circa $2.5million every year. Currently this is an owner / operator run business and there are an additional seven members of staff (one permanent and the others casual). Staff levels can be flexible depending on how much or how little the new owners would like to be involved. The business has many corporate and sub agents in place, all paying a weekly fee and therefore adding a considerable amount to the weekly turnover. There are no other newsagents in the area and the shop enjoys a very convenient position on the main road near the town entrance. This township provides a lovely way of life and the new owners can immerse themselves easily into this community. The area is abundant with beautiful scenery, rivers, lakes and pristine surf beaches, as well as offering many sporting pursuits.

Market Conditions & CompetitionThe clientele is very established, steady and local. Trading considerably increases during the Summer period when tourists descend on the township.

Financial SummaryThis business is being sold as is for $650,000 and the surrounding land and building is also part of the package at an additional $750,000.

Turnover circa $2,500,000 (inc Lottery).

Training & SupportN/A

Reason for SellingN/A

Location State: New South Wales Category Newsagency

Weekly Revenue$0 Monthly Revenue$0 Annual Revenue$2,500,000

Contact PersonLeanne Price$1,400,000 Year EstablishedOver 100 years ago

Phone07 3106 3811 Cashflow$N/A Employees9

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