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Established Inner North Newsagency And Lpo

Business for Sale
Established Inner North Newsagency and LPO
Canberra ACT

Under Offer

Sold

Established Inner North Newsagency and LPO

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
After 16 years in the business the current owners are looking to retire and find a purchaser for this long established and successful Newsagency and LPO.

This is a steady and profitable business investment turning over $1.17 million and earning the retiring owners over $161,000 for the financial year 2012-13, a promising improvement on the previous year. As with any LPO/Newsagency, profits are diversified, adding an element of resilience.

Located in one of the oldest demographics of the Inner North, the business enjoys a strong following of loyal clientele including approximately 350 delivery accounts. 13 subagents further expand the network, including 2 supermarkets and 4 service stations.

All that business makes for long trading hours, 6am to 6pm weekdays and half days on Saturday and Sunday. This is currently a family business. A husband and wife team have been putting in 3 full and 4 half days each week plus deliveries, while the son and son-in-law deliver newspapers 6 days between them.

At present, 2 casuals are brought in to assist for a total 18 hours/week (plus more when required). Luckily the profit is there to hire additional staff if needed.

In brief:

  • Turnover beyond $1.17 million for 2012-13 financial year
  • Owners profit over $161,000 for 2012-13 financial year
  • Gross Profit of 29.67% 2012-13 financial year
  • Rent 92m2 for $3,845.95 plus GST/month
  • Landlord has agreed to new 5 plus 5 lease at expiry in August 2014

Asking $259,000 plus SAV
Stock approximately $70,000

N.B. Bank finance is available for safe and stable businesses like this– up to 50% of the purchase price.

Strong, stable profits. If you would like to know more please enquire via the form on this webpage or alternatively enquire via email to sales@capitalcommercial.com.au

Business Broker Frank Walmsley
Mobile: 0400 446 605

Please note that email enquiries from customers using @hotmail.com will not be able to be action unfortunately. Please use an alternate email and also provide a contact mobile or landline. Your understanding and assistance is appreciated.

  
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