Independent Newsagency - Potential Profit $180k To 2 Owners

Business Sold Forbes, New South Wales 2871

Business Category Furniture Hardware Newsagency



Independent Newsagency - Potential Profit $180k To 2 Owners

Business ID: BS9637

Owner open to negotiating - looking for a quick sale - Vendor Finance available!

The only operating newsagency in town – exclusive NSW Lotteries Licence.

Potential profits to a husband and wife working team of $180,000 including 2 owners wages.

Owner willing to stay on and work for the new owner or provide extended support after the sale.

Boasting a fantastic position in the centre of Forbes CBD, News on Rankin Newsagency is an award-winning business with an established reputation for product choice and superior customer service. It holds the only NSW Lotteries Licence in the area, along with the distribution network for Fairfax and Nationwide News.

In the 2016/17 Financial Year the current owners purchased the only local competitor, Nocks Newsagency, which has further increased market share and boosted sales revenue.

Business highlights

*Operated from these premises as a Newsagency for 25 years

*Services include photocopying, faxing, laminating, scanning and emailing, newspaper delivery and postal services

*Winner of numerous awards, including Newsagency of the Year in NSW and ACT

*Finalist in the National Newsagent of the Year awards

*Employer of Choice in this year’s Forbes Business Awards

*A significant increase in sales over the past 10 years

*Excellent profits available for a husband and wife team plus casual

*Currently 3 full-time staff plus casual retail assistants and 2 delivery drivers

*Excellent systems in place including online ordering through a new website, selling tools and sales targets, monitoring of sales of highly profitable lines

*Monthly newsletter and customer rewards program

The building comprises 275m2, with retail, storerooms, large upstairs storage space, staff facilities.

Great future opportunities to expand the business even further, which the current owners would like to showcase to the buyer.

Asking Price $179,000 + SAV
Contact Seller
Xcllusive Business Sales

Bsale ID: 572929
Broker REF: 4586835

Xcllusive Business Sales Pty Ltd