Description

Newsagents for sale

Sale includes 2 stores located in an ever expanding regional centre in New South Wales. (North West New England region)
Both stores are long established and successful and are well located to capture a large market share of customers in the area. Both stores trade 7 days a week.
The main store retails an extensive range of products: the full range of Lotto products, newspapers, magazines, stationery, office & art supplies, wraps, cards, phone cards & gift lines. The store is also a dry cleaning agent & has fax & photocopying services. Deliveries are run from this store to 14 locations and 4 schools within the defined territory. For customer convenience, there is also an external ATM.

The second store operates as a sub agent and retails a smaller range of products as well as the full Lotto range.
Both stores operate under the Newspower banner and are backed by extensive advertising & marketing. Newspower have 1100 outlets nationwide.
The business also belongs to a number of select member groups with special advantages.

This would be an ideal family run business. New owners with family involvement could reduce current staffing levels to increase the bottom line.

The sale includes both businesses & the freehold for the main store. The freehold includes a 1/2 block of vacant land which would be suitable for a similar sized commercial establishment. The lease for the second store is on monthly continuance.

Combined turnover for the 2 stores is in excess of $1.3million. The business achieves a very solid net return.
There are a number of options available to achieve further growth.
SELL Price $750,000 plus stock at value

DN DN1 DN2 DN3 DN4 DN5 DN6 DN7

ABM ID: 1943