Three Swallows Newsagency - Yagoona
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Three Swallows Newsagency was acquired by the current owner in 2007 and is located on a main road in Yagoona next to a densely populated residential neighbourhood. Three Swallows Newsagency specialises in sale of newspapers, magazines, arts and craft supplies and stationery.
The newsagency prides itself on a contemporary approach to retail whilst still retaining a friendly, community-focused relationship with its customers. The business offers the convenience of nearby shopping precincts and a wide range of items included in their range of products for sale. The store has a significant loyal customer base and has operated with great success at its location for nearly 40 years.
The business is very simple to operate and does not require significant staffing. The current owner works only part-time in the shop, which would also be an option for an incoming operator if so desired. Alternatively, reductions in staff could be made for an owner wanting to work full-time. Other overhead costs, including rent, are also low.
The Yagoona business community is vibrant. There is a new business park under construction in the area as well as significant residential unit development.
In summary, Three Swallows Newsagency is a very well run business, a leader in its area and is poised for further growth with increased growth in population within the area. The sales are increasing year on year, and the business would be well suited to a couple or family who are looking for a low cost, straightforward operation.