Massive price reduction, huge profit $240k+ net. turnover. Newsagency + more
PRICED FOR IMMEDIATE SALE!
Huge profits $240 net, BARGAIN price $500K + SAV, Not Negotiable. Currently under management with little input from the owner.
Remarkable opportunity to purchase one of Australia’s premium newsagencies, in Sydney’s western suburbs, for a rock bottom price. Huge profits combined with a plenty of potential make this a bargain not to be missed. Why work harder when you can buy smarter?
A majority of the best newsagents in Australian are no longer reliant on newspapers for trade. They are completely diversified businesses that are gift shops, stationers, card shops, lottery agents, Western Union agents, magazine agents with the ability to produce increasing turnover. Foot traffic is essential. The best agents MUST be located in busy centres if they are wanting net profits in the hundreds of thousands. 1500+ customers signed up to the in-house loyalty program, creating massive customer retention, they do not want to shop anywhere else. This business has all that and much, much more.
Why would the owner sell such an incredibly profitable business at such a bargain price? Simple answer, the young owner was presented with a job opportunity simply too good to pass up and needs to focus 100% attention on the new role. This presents a life changing opportunity for YOU! Check the incredible selling points listed below. This business has so much additional value stacked into it, if I had’t verified the information myself I would almost certainly believe it was too good to be true. Do NOT regret not enquiring about this business for years to come, act now.
* Main agent no home delivery
* The only agent in the Westfield shopping centre in busiest entry
* Top 10 newsagency in Lotteries
* Top 2 newsagency in Western Union
* Top 20 magazine retailer based on Nexus and Bauer data
* Top 20 stationary accounts (based on purchases from GNS)
* Recent reduction of lease by $60,000 p.a.
* Lottery counter upgrade completed
* Own in-house loyalty card service with 1500+ customers
* Only major Gift and Card outlet in centre
* 2 highly trained staff members currently managing the store
* 16 Channel CCTV camera system installed with remote viewing
* 4 consecutive year on year sales growth (Detailed system reports available)
* Retailer of the year 2017 Local Business awards
* Western Union Customer Service Excellence Awards 2017
These opportunities come along extremely rarely and don’t last long. The time to secure your future is now. For more details including all supporting financials, please don’t wait, contact Andrew from Summit Business Brokers today on 0418 676 400.