Macka’s Griffith Newsagency

This is a consistently profitable business turning over in excess of $2.1 million with an owner’s profit of $157,000.

With 2 owners, one working fulltime in the business and the other working less than 10 hours, Griffith Newsagency is the perfect, secure investment for those prepared to work in the business.

As it was first established in the 1960’s, the Griffith Newsagency benefits from a very strong local consumer base. It sits within a local shop precinct with plentiful car parking and is supported by complimentary tenants that assist in generating repeat customers.

The high profits are diversified between lottery, stationery, postal services and general retail sales, which provide a level of stability.

Sales and Financial Snapshot:
* 2014 Sales: $2,113,871 Owners Profit: $157,731
* 2013 Sales: $2,207,813 Owners Profit: $148,770
* 2012 Sales: $1,851,247 Owners Profit: $92,030

A key feature of the opportunity is the impressive and systemised delivery business which has a considerable turnover and contracted drivers in place. One thing which will appeal to first time buyers is the willingness of the main working owner to stay after settlement to continue deliveries, subject to agreement with the new owner.

A long and attractive retail lease has been offered with rent for the Griffith shop approx. $6000 per month inclusive of GST.

If you have considered owning a secure and safe retail business, supported by a large pool of well-trained casual employees, which consistently delivers high turnover and high profits, then Griffith Newsagency must be at the top of your inspection list.

Enquires and inspections are encouraged contact Frank Walmsley of Capital Commercial Business Sales.

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