Newsagency For Sale Tamworth N S W (retail Only Newsagency)
Business For Sale Tamworth, New South Wales 2340
Business Category Newsagency
RETAIL ONLY NEWSAGENCY FOR SALE IN TAMWORTH NSW.
$275,000 + SAV
Description
Newsagency For Sale Tamworth N S W (retail Only Newsagency)
We have recently (30 September 2024) transitioned our business to a Retail Only Newsagency (no deliveries). Previously the business was a distribution and retail newsagency. The business can now be easily operated by a couple and casual staff as needed.
The current hours of operation are 7am to 5pm weekdays and 7am to 1pm Saturday and 7.30am to 11am on Sundays. There are opportunities for a new owner to expand those operating hours.
This is a long established newsagency located on the main street of Tamworth NSW. We have owned the newsagency for 16 years and are now looking to retire so we are selling our much loved business.
The newsagency attracts around 2,500 customer visits a week and has an annual lottery turnover (2023) of approximately $1.9m. With lotteries commission of 12.3% this represents solid income underpinning the business. In addition to lotteries income the newsagency also offers gifts, cards, magazines, newspapers, drinks, confectionery and souvenirs. Gross sales are averaging $50,000 per week.
The Newsagency holds a Tobacco Registration Number however we currently do not sell tobacco products offering further growth potential.
Rent is currently $8,004 (ex gst) per month or around 4% of total gross income (approx $2.6m ex gst). The total retail area is approx 270 square mtrs with a large back office and storage. The current lease has 3 years to run and there is an option for an additional 5 years with an expectation of further options.
There is a fully computerised Point of Sale with integrated eftpos and colour printer etc.
Sales of key products per annum (ex gst) are approx:
Cards $110k, Gifts $100K, Magazines $220K, Newspapers $182k. Stationery $27K
Adjusted net profit for a couple with casual staff would be $200k plus pa.
This is a strong retail business with solid growth potential.
The current hours of operation are 7am to 5pm weekdays and 7am to 1pm Saturday and 7.30am to 11am on Sundays. There are opportunities for a new owner to expand those operating hours.
This is a long established newsagency located on the main street of Tamworth NSW. We have owned the newsagency for 16 years and are now looking to retire so we are selling our much loved business.
The newsagency attracts around 2,500 customer visits a week and has an annual lottery turnover (2023) of approximately $1.9m. With lotteries commission of 12.3% this represents solid income underpinning the business. In addition to lotteries income the newsagency also offers gifts, cards, magazines, newspapers, drinks, confectionery and souvenirs. Gross sales are averaging $50,000 per week.
The Newsagency holds a Tobacco Registration Number however we currently do not sell tobacco products offering further growth potential.
Rent is currently $8,004 (ex gst) per month or around 4% of total gross income (approx $2.6m ex gst). The total retail area is approx 270 square mtrs with a large back office and storage. The current lease has 3 years to run and there is an option for an additional 5 years with an expectation of further options.
There is a fully computerised Point of Sale with integrated eftpos and colour printer etc.
Sales of key products per annum (ex gst) are approx:
Cards $110k, Gifts $100K, Magazines $220K, Newspapers $182k. Stationery $27K
Adjusted net profit for a couple with casual staff would be $200k plus pa.
This is a strong retail business with solid growth potential.
