This award winning business has just had a price reduction. The newsagency is located in a busy shopping centre with weekly traffic of approximately 40,000 in a major city in WA’s south west.
The business has returned solid profit to the owners with a good level of revenue and good gross margins demonstrating the excellent product mix and merchandising. The business benefits from the support and buying power of the Nextra Group ensuring access to the latest products and promotions to increase sales.
The newsagency is constantly refreshing displays to entice new customers and ensure a very good level of customer retention. The business has won prestigious awards and is consistently ranked No 1 for lottery sales in their area.
Currently trading 5½ days a week the newsagency can increase to trading 7 days if the new owner desires. There is a solid lease in place til Nov 2019 with the option for another 5 years. The owners have held this profitable business since 2001 but are now looking to retire.
Perfect family business and priced to sell at $380,000 plus stock of approximately $140,000. Vendor finance may be considered for an approved buyer.
For more information or to receive a full business profile please contact Wayne Cooper on 0407 997 777 or 08 9586 3509 or email firstname.lastname@example.org.
- Newsagent – Lotterywest Agent.
- Southwest location.
- Refurbished in 2015.
- Busy shopping centre with weekly traffic approx 40,000.
- Open 6 days.
- Annual revenue of approx $4million p/a (avg last 4 years).
- Payroll to sales ratio is approx 4%.
- Associated & supported by National buying group.
- Winner of prestigious industry award.
- Shop area 146m2.
- Lease til 2019 with 5 year option.
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