Canberra’s Best Value Newsagency (5 days)
Why spend $200k, $300k, or $400k on a comparable seven-day week newsagency or post office with exhaustive delivery runs when you can own this well-established and successful five day a week business for less than $99,950 plus SAV (stock at value), which is approximately $40k.
After 30 successful years, the owners Rose and Ian have finally decided to retire from their low rent, low stress, low effort City-based Newsagency.
"Frankly, we want to give a new operator a chance like we were given. The business has been excellent to us, and we have managed to set ourselves up. We believe that there is heaps of opportunity for the new buyer to build on and grow the business" Ian Hunt owner
It's becoming harder to a find high-value retail business, which enables you to generate a steady income while keeping your weekends. Hunts Newsagency allows you to maintain a balance between business and life.
With its small delivery run and a core group of 6 sub-agents, the business requires little effort to operate. The majority of the revenue comes from lotto and retail sales and upon inspection, and analysis of the lack of retail competition, growth and expansion opportunities will become apparent to the new owner. The simple reason that the current owners haven't capitalised on growth opportunities is that the business has given them all the cash flow benefits they needed!
Rent is less than $5000 per month, and there is the ability trade seven days. The business is in the heart of the city and is ideally positioned to benefit from the ongoing urban renewal that is underway in this part of Civic.
Stable and steady retail trade exceeded $1,000,000 per annum in 2016, '15, and '14. The owners know it's a big decision to own your own small business, and as such, they will allow a buyer who is prepared to invest in a $10,000 fully refundable holding deposit to observe the operations for a seven-day period before exchange and final transfer.
Seller finance on the SAV is offered to suitable buyers. The seller finance will require security and a workable repayment plan.
Modest and flexible rental terms are offered with the landlord wanting to secure a long-term tenant. The commencement rent including GST and outgoings should not exceed $5000 per month, which is very reasonable based on the location and the abundance of successful co-tenants.
If you are looking for the best value newsagency in the ACT, then this competitively priced business should be on the top of your inspection list.
To express your interest and receive our full Business Information Package (BIP), please email with your full name, contact number and stating that you would like to receive further information about this business. We will then email you the deed of confidentiality, which once completed will enable us to email you the BIP and supporting documents.
Thank you on behalf of the team at Capital Commercial Business Sales.