Newsagent-Toys-Lotto-Gifts - Major Outback Town - Main Street Location -Est 50yrs - Solid $1.1 million Turnover - selling for stock value $200,000
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Established for over 50 years and very profitable, the current family owners have owned it for those 50 years and now need to retire. Bourke is a major western town with assured growth.
Town Turnaround: Financial and Social Benefit- Employment and Economic Growth.
More success is assured as the Town has been approved as the place for a “new” Abattoir with the capacity to process up to:
- 6,000 goats, sheep or lambs per day for export.
- Infrastructure to support the abattoir including power, water and telecommunication services.
- This project will provide jobs in the town for years to come ensuring short and medium-term growth.
Construction of the $61million project by Capra Developments will be completed by December 2017. This is a major opportunity for goat meat (known as Chevron in fine restaurants) supplying international markets with one of the most widely-consumed meats in the World. The extra growth in employment and income with the expected 250-300 extra families in Bourke will benefit a town that is currently turning around its whole business and social structure with enormous success.
This purchase of the Newsagency /Leisure store, is a major opportunity that has arisen because the original owner of 50 years is selling. For many of the past years family have run the Newsagency complex however they now cannot continue to do so through personal reasons. Understandably the owner does not want to “get into the saddle” again at his stage or age in life.
Stock levels (higher than operational turnover demands) have built up over the past few years especially in the Toy World section.
The owner offers the total stock for $200k (currently stated in the Profit and Loss 2016 at $300k but say $250k at present) thus giving the new owners the surplus to discount at their discretion or have a “new owner’s” SALE! giving them extra cash for where they want to engage it.
- Shop Hours 9am to 5 pm Mon to Fri. 9 am to Noon Sat and Sun.
- Stationery – Toys –Sporting Goods-Cards.
- Growth potential with new focused owners and new clientele.
- The ability and opportunity to introduce new stock items.
This could be the bargain of this century! To have the chance to buy this store for the Stock-only price of $200k plus zero payment for Fixtures, Fittings and Goodwill is an outstanding opportunity that will never be repeated. For more information and Business Profile call us now as to how you can obtain this business using Bank Finance.