Newsxpress Tully Newsagency, $240k Net Profit, Est 50 Yrs
Business Under Offer Tully, Queensland 4854
Business Category Newsagency Other Retail
Under Contract / Offer
Description
Newsxpress Tully Newsagency, $240k Net Profit, Est 50 Yrs
Established for over 50 years, NewsXpress Tully has been owned by the sellers for 17 years and presents an excellent opportunity for prospective buyers. The business has achieved impressive profits and success by offering a diverse range of products, including magazines, newspapers, giftware, toys, children's books, stationery, souvenirs, homewares, and lottery. NewsXpress is Australia's premier retail marketing group comprised of over 200 local, independent stores.
With two lottery tills and the latest Golden Casket fitout, NewsXpress Tully has strong revenue from lottery sales and is ranked #93 in Queensland. The business has the distinct advantage of being the only lottery agent from Innisfail to Cardwell.
A new owner will have the immediate benefit of a 2% increase to profitability through the increased commission rates offered by The Lott in July 2023. Taking this increase into consideration, the net profit to a single owner would be $170k+ pa and two owners could expect $240k+ net profit.
This is the perfect business for an owner-operator looking to leave the city and move to the beautiful Far North Queensland region. The new owner will not require specialist skills as full training can be provided.
The sellers work a combined 25 - 30 hours per week and employ 3 casual seniors and 5 casual juniors. The current trading hours are:
* Monday to Friday: 7.30am - 5.30pm
* Saturday: 7.30am - 12.30pm
* Sunday: 7.30am - 12.00pm
Why You Should Buy NewsXpress Tully
* Very well-established newsagency for 50+ years
* No competition in the area from Innisfail to Cardwell
* Two lotto tills and very strong lotto sales
* Business has the latest Golden Casket fitout
* The business is ranked #93 Lotto outlet in Queensland
* Long term lease until 2037 with affordable rent
* Very profitable - $170k+ for 1 owner or $240k+ for 2 owners
* Great location on the main street of Tully with parking to the front door
* Full training provided
* Room to expand into tobacco sales and further increase the profitability
NewsXpress Tully is being sold for $185,000 plus stock at valuation (estimated at $75,000).
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at XXXXXXXXXX .
Business Broker:
Susan Butler – XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
With two lottery tills and the latest Golden Casket fitout, NewsXpress Tully has strong revenue from lottery sales and is ranked #93 in Queensland. The business has the distinct advantage of being the only lottery agent from Innisfail to Cardwell.
A new owner will have the immediate benefit of a 2% increase to profitability through the increased commission rates offered by The Lott in July 2023. Taking this increase into consideration, the net profit to a single owner would be $170k+ pa and two owners could expect $240k+ net profit.
This is the perfect business for an owner-operator looking to leave the city and move to the beautiful Far North Queensland region. The new owner will not require specialist skills as full training can be provided.
The sellers work a combined 25 - 30 hours per week and employ 3 casual seniors and 5 casual juniors. The current trading hours are:
* Monday to Friday: 7.30am - 5.30pm
* Saturday: 7.30am - 12.30pm
* Sunday: 7.30am - 12.00pm
Why You Should Buy NewsXpress Tully
* Very well-established newsagency for 50+ years
* No competition in the area from Innisfail to Cardwell
* Two lotto tills and very strong lotto sales
* Business has the latest Golden Casket fitout
* The business is ranked #93 Lotto outlet in Queensland
* Long term lease until 2037 with affordable rent
* Very profitable - $170k+ for 1 owner or $240k+ for 2 owners
* Great location on the main street of Tully with parking to the front door
* Full training provided
* Room to expand into tobacco sales and further increase the profitability
NewsXpress Tully is being sold for $185,000 plus stock at valuation (estimated at $75,000).
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at XXXXXXXXXX .
Business Broker:
Susan Butler – XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.
