Perfectly located beside one of the busiest Woolworths in Australia, there is little surprise this massive newsagency generated more than $5 million in sales for the 2012 – 2013 financial year and above $315,000 owner’s profit for the same period.
After more than three decades building this newsagency into the large and profitable enterprise it is today, the owners have decided it is now time to retire. That is excellent news for investors looking for a highly profitable business.
The owners work part-time, sharing less than 60 hours/week between them thanks to a full staff of fourteen casuals that ensures the day-to-day operations continue smoothly, while delivery runs are contracted out to four drivers. The delivery zone includes several educational institutions and childcare centres. A dry cleaning service is also provided from the store.
Development plans for the area provide the promise of even further growth for this business over the coming years.
In brief:
* Sales above $5 million for 2012-2013
* Owner’s profit above $315,000 for 2012-2013
* Rent 261 m2 for approx. $17,929/month excl. GST
* Long lease agreement in place until December 2023
* Diversified income streams
* Part-time owners. Produce major profits while maintaining a great work/life balance!
Asking price is $595,000 + SAV
Stock approximately $160,000
Substantial sales, prime profits, and plenty of potential. A detailed information package is available on request. Express your interest by using the ‘enquire’ form on this webpage or alternatively enquire via email to sales@capitalcommercial.com.au
Lead agent Frank Walmsley
0400 446 605
The post Newsagency exceeds $5 million/year sales appeared first on AIBB Sales Latest Business Listings.
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