Business Sold Nelson Bay, New South Wales 2315
Business Category Furniture Hardware Newsagency
Profitable Sea Change Waterfront Newsagency- Retail, Lotto, Newspapers, ...
The water’s edge of the idyllic Shoal Bay is the view from this successful and profitable Newsagency’s counter. Servicing local resident and the booming tourism sector, this business supplies newspapers, magazines, lotteries, retail items, art and beachwear.
Established in 1971, this successful beachfront Newsagency business has been a consistent performer for the owner. The business is well-known and has the foundations set for further growth.
The business enjoys a regular clientele trade, limited competition and experiences a constant spike in customers during holiday periods and weekends due to the ever-popular holiday and tourist destination of Shoal Bay in the Port Stephens region.
The business is best known as a one-stop-beach-shop and newsagency with an onsite retail arm. The retail arm continues to grow organically, and the print media and gambling trades are consistent largely the tourism and corporate sectors.
This is a very rare business opportunity ideally suited to an owner-operator, couple or family who can work in the business and save on wage expenses. While casual staff are abundant in the area, some current staff may stay on as required. An entrepreneurial spirit would be beneficial, but the business can continue to run successfully as is. Valuable assets and a fresh shop refit are also included in the sale.
The current owner thoroughly enjoys the location and regular customers however, the family has flown the coup and they now feel it is time to pursue other interests.
The Adjusted Net Profit to the working owner for EOFY2019 is approximately $149,000, which represents a 100% return on the business asking price and the stock at cost estimated at between $60-$80K.
If you enjoy a friendly community, pristine beaches, renowned national parks and seeking a sea change lifestyle business, this opportunity is worth further investigation.
For more information about this quality opportunity, please call click the link below.
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