Under Offer - Newsagency With Retail And Lotto – St Mary’s, Nsw

Turnover: $960K - Profit $105K pa

Walters Newsagency is a well-established business located in a busy shopping centre with plenty of parking available. Run by the same owners for 27 years, the large premises could easily accommodate another business if the buyer desired.

Business Highlights:
-Services include Lotto, Newspapers, Cards, Stationary, Confectionary & Drinks
-Agent for Ladbrokes - Paid for signage + commission on Ladbrokes, Bitcoin & SodaKING
-Sub agents for Magazines with 2 IGAs, chemist, tobacconist plus others
-Prime location in a Shopping Centre which includes a corner shop, chicken shop, café, doctor, pharmacy, Post Office, pizza shop, tobacconist, bakery
-No lease - rent taken out of account monthly - very helpful understanding landlord
-Plenty of room for more stock and opportunities for additional income streams
-No competition - Situated close to Primary School, Child Care Centre, Bus Stop
-Currently operated by a husband-and-wife team
-Trading 6am - 6pm Monday-Friday, 6am – 2.30pm Saturday & 6.00am - 12.30pm Sunday
-Two weeks training will be provided to ensure a smooth handover
-Current owners are looking to retire after many successful years in the business
-Assets include latest Lotto counter fittings, Card, newspaper & stationary stands, Coke fridge

This would be an excellent business for a couple or partners, with plenty of potential to increase turnover by introducing new products and gifts. St Mary’s is seeing a lot of growth as younger people move into the area, and this will be further boosted when the new airport opens.

Price: $120,000 + SAV

Business ID: BS148478

Property Code: 2530