Newsagent.

Newsagency

Sale price $190,000 plus stock at valuation.

PRICED TO SELL

Well, run business in a wonderful highly sought after beachside Village area. This is a location and customer base that any buyer would be privileged to operate.

Long established and tightly held with only 3 owners over some 50 years. Current owner runs the business under part management and makes a good living, not working more than 20 hours a week. However, most newsagents are operated by a working couple.

This business would ideally suit a couple, who would be able to achieve expected returns of over $153,000 p.a. PLUS based on 2017 Full Financials.

The business has a large delivery area of Papers and currently, these deliveries are done by two contractors who will continue if the new owner requires. The business expenses include $91,000 paid to these outsourced contractors for deliveries.

Two families could run the business totally.

Turnover approx $20,000 a week with solid newspapers sales spread over a number of sub-agents (12 ) as well as NSW lottery commissions.

The newly refurbished shop has an office at the rear plus on-site parking and storage. Stock at the moment is approx $45,000 but at Christmas time would be closer to $80,000

The owner is prepared to negotiate the price for a genuine serious newsagency buyer.

Perfect area for families, a perfect opportunity for a couple. Please contact Peter Golding NOW for more information.

  • Current Status: Listed for Sale 
  • Code: PG 308 
  • Category: Non Food 
  • Type: Newsagency 
  • Location: Palm Beach 
  • Sales: $1,192,018 
  • Period: 2017 
  • Net Profit: $153,000 
  • Rent: $78,000 
  • Stock: $45,000 
  • Price: $190,000 
  • Long Financials: 20172016 
  • Staff: Couple plus casuals 
  • Lease: New lease available 5+ 5