Newsagency in the Beautiful City of Lake Macquarie NSW

Price $149,000 + SAV
Revenue $2M +
Revenue Per Week $38,000 +
Adjusted Annual Profits $ 112,000 +
Weekly Profits $2,000 +
Monthly Rent $6,515
Lease Term 10 Years

Description

Situated in Lake Macquarie, just one street away from the water, this well-established Belmont Newsagency has been servicing the local community since 2014. This business has earned a reputation for excellent service, which has created a loyal and repeat customer base along the way. The business boasts two highly experienced and capable casual staff members, each of whom have almost 30 years of Newsagency experience.

The premises are ideally situated, with thousands of foot-traffic daily. The location offers a 302-space car park, as well as plenty of off-street parking. The location is surrounded by numerous businesses and homes, with a multi-million-dollar apartment complex being constructed, which will undoubtedly generate more business.

The City of Lake Macquarie is a popular tourist destination, known for its beautiful beaches, fishing and boating, and relaxed atmosphere.

The business offers the community the following:

Lotteries
Greetings cards (strong sales)
Toys (strong sales)
Latest magazines
Stationery/School Supplies
Art Supplies
Newspapers
Confectionary
Gifts/Gift Wrap & More

The owners are ready to retire after the business has provided them the financial stability to do so.

For further information, please contact Dani Rifai on 0411 870 977, or email dani@bagents.com.au or click on the link provided (Licence Number #10064471).