Located in one of WA’s favourite destinations this business has diverse income from a Newsagency, Post Office and Lotterywest agency and most recently now houses an Augusta Tourism hub attracting tourists to the business for local information and souvenirs. The business enjoys good gross margins and has earned a solid income for the owners since they took over in 2012.
The business has assured income from the Post Office with 423 Post Boxes and has a mail run contract. The business enjoys a lack of competition with the nearest competitor 45kms away in Margaret River. Being the only Australia Post & Lottery Outlet and a Visitor Hub in town ensures constant foot traffic through the store and increases the chance of impulse buys from the store’s diverse product range including exclusive ranges of Hallmark cards, newspapers, Inkpower and magazines.
Located on the main street of Augusta the business has great street presence and the store is very well presented inside. The business is being sold leasehold with the current lease expiring in 2022 with a 5-year option. The freehold is also available if desired.
The owners are selling as they are moving to be nearer to family in Perth and will train the incoming owner for up to 3 weeks if required to ensure a smooth transition.
Asking $455,000 plus stock (approx $140,000). For more information or to receive a full business profile on this rare opportunity to own this longstanding Augusta business please contact Wayne Cooper on 0407 997 777 or 08 9586 3509 or send an email enquiry. You can download a confidentiality agreement here.
- Newsagency, Post Office, Lotterywest & Tourism Hub
- Mail run contract
- 423 Post Office boxes
- Diverse product range including exclusive ranges
- Backed by Newspower bulk buying power
- Good gross margins and provides good income
- No competition in town
- Building area – 374sqm & Land area 809sqm
- Lease til June 2022 + 5 yr option
- Owner moving to Perth
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