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: $290,000
- Long Financials: 20172016
- Staff: Couple plus casuals
- Lease: New lease available 5+ 5