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Newsagency business for sale in Townsville City

  • Newsagency
  • Townsville City QLD 4810
  • $135,000 wiwo

Mooney News & Lotto, Busy Newsagency, 25 Sub-Agencies, Prime Position

Business Overview
Mooney News & Lotto has been a very popular newsagency in this prime location for many decades. The business is situated at 86 Mooney Street, Gulliver in a busy complex of shops with ample off street car parking.

The vendors purchased the business 4 years ago and have built the largest magazine distributorship in Townsville to 25 sub-agencies including convenience stores, IGA supermarkets and service stations. The retail side of the business offers a broad range of typical newsagent products - newspapers, magazines, stationery, calendars, art supplies, school supplies, plus a good selection of gifts. They are also the largest supplier of darts in North Queensland.

The business traded strongly throughout the Covid-19 pandemic with 2020 revenue up on the previous year and current figures showing a good return on investment.

Employees & Business Hours
One vendor works full time in the business and the other vendor works 12 hours in the business. One casual employee is engaged for 21 hours per week. The business trades 7 days a week:

* Monday to Friday: 5.30am - 5.30pm
* Saturday: 6.00am - 1.00pm
* Sunday: 6.00am - 12.00pm

Areas of Competitive Edge
Many areas of competitive edge exist including:

* Very well established newsagency for many decades
* Ideal corner location in a busy complex of shops
* High profile position with good exposure
* Lotto sales are over $1 million per annum
* Largest magazine distributorship in Townsville to 25 sub-agencies
* Largest supplier of darts in North Queensland
* Profitable and proven business
* Traded strongly during Covid-19 pandemic
* Affordable rent
* Ample off-street parking directly in front of business
* Easy business to run
* Would suit a solo operator or a couple
* Optional extra: Sign written delivery vehicle ($18,000)

Business Price
Mooney News & Lotto is being sold on a walk in walk out basis for $135,000 (neg).

Confidentiality Agreement
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.beyond2000.com.au/confidentiality-agreement.

Business Broker
Susan Butler 0419 905 463
www.beyond2000.com.au

Susan Butler
Beyond 2000 Business Sales
Susan Butler
Beyond 2000 Business Sales

Business Highlights

Business ID2016989706
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  7 May 2021
Map for Townsville City QLD 4810
Map for Townsville City QLD 4810Townsville City QLD 4810
Susan Butler
Beyond 2000 Business Sales
Susan Butler
Beyond 2000 Business Sales

Business Highlights

Business ID2016989706
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  7 May 2021
Beyond 2000 Business Sales
11 Cottesmore Cres Castle Hill QLD 4810
Susan Butler
Beyond 2000 Business Sales
Susan Butler
Beyond 2000 Business Sales
Susan Butler

Susan Butler

Beyond 2000 Business Sales

Call Broker
0419 905 463
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