Brownsville Newsagency Under Contract $195k Plus S.a.v.
Business Sold Brownsville, New South Wales 2530
Business Category Newsagency
SOLD
Description
Brownsville Newsagency Under Contract $195k Plus S.a.v.
Brownsville Newsagency is within a very well patronised village type atmosphere, Dandaloo Shopping Centre. The strip - styled Centre boasts excellent parking spaces immediately in front of the retail stores. The centre caters for the large community with the anchor store FoodWorks drawing many consumers daily. The newsagency has an extremely wide, well - presented frontage promoting the store. Another traffic generator is the Australia Post outlet next door making this area alive with potential consumers especially on Lotto days.
The current owners purchased Brownsville Newsagency some 13 years ago and during that time received industry awards for excellence especially Newsagent of the Year Award, an award that encompasses NSW and ACT. This great achievement encouraged the owners to further concentrate on Retail, especially store presentation by creating new product space for everyday purchases as well as special occasions.
DISTRIBUTION:
With the newsagency becoming more of the focus than the Home Delivery the owners decided to "hand back" the delivery to the publishers.
RETAIL and OPPORTUNITIES:
This decision to refocus on retail paid off with the Lott commissions (after the new image installation) returned nett of terminal charges $114k per Financial Year 2023. This converts to $2,200 p. w. The total occupancy cost (rent) is only $21k, deducting the full rental from the Lott commissions p.a. leaves $93k or $1,787 per week without adding profit from the other sales.
CONCLUSION:
Large frontage, great parking, incredible Lotto commission, excellent consumer traffic, all contributing, and with the Lott commissions it gives that extra incentive and money to reinvent the Retail space again and make it even more profitable.
For full details please fill out the Confidentiality Agreement and a Business Profile with financials will be emailed or mailed to you. Once received and contents have been digested please phone Graeme Day XXXXXXXXXX where we can share with you an excellent "new product" that can be announced upon your takeover.
The current owners purchased Brownsville Newsagency some 13 years ago and during that time received industry awards for excellence especially Newsagent of the Year Award, an award that encompasses NSW and ACT. This great achievement encouraged the owners to further concentrate on Retail, especially store presentation by creating new product space for everyday purchases as well as special occasions.
DISTRIBUTION:
With the newsagency becoming more of the focus than the Home Delivery the owners decided to "hand back" the delivery to the publishers.
RETAIL and OPPORTUNITIES:
This decision to refocus on retail paid off with the Lott commissions (after the new image installation) returned nett of terminal charges $114k per Financial Year 2023. This converts to $2,200 p. w. The total occupancy cost (rent) is only $21k, deducting the full rental from the Lott commissions p.a. leaves $93k or $1,787 per week without adding profit from the other sales.
CONCLUSION:
Large frontage, great parking, incredible Lotto commission, excellent consumer traffic, all contributing, and with the Lott commissions it gives that extra incentive and money to reinvent the Retail space again and make it even more profitable.
For full details please fill out the Confidentiality Agreement and a Business Profile with financials will be emailed or mailed to you. Once received and contents have been digested please phone Graeme Day XXXXXXXXXX where we can share with you an excellent "new product" that can be announced upon your takeover.
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This business is somewhat unique and has no similar competition in this region, category or price bracket.
