Booming Essential Service Newsagency
Stock Included: No
Stock Value: 161000
Years Est: 19
Gross Revenue: 5000000
About The Business
This high growth newsagency business is like no other. It has been generating stellar sales and profits year-on-year since its inception 19 years ago. As an essential service, this business remained open throughout 2020 and sales went up during the pandemic lockdown. This business is known as a stand-out success story in its industry, winning industry awards, while taking advantage of the digital revolution.
The location is magnificent. In the middle of an exceptionally high-growth area - the booming northern metropolitan coastal corridor of Perth – which is nationally renowned in part because the high growth forecasts extend at similar rates through to 2040.
Located in a community-hub shopping centre - the largest shopping centre in its region, boasting busy Kmart, Coles, Woolworths and Target outlets, this well-presented newsagency business is ideally positioned within the shopping centre itself. This business is the only newsagency business in the shopping centre and is highly visible, being centrally located in the middle of the main, high-traffic mall.
With only 7 staff, two of them long-term, including the store manager, who has been with the business for 15 years, this newsagency business runs by itself. Not only that, the product and service lines beautifully integrate with central features of its local community – making this business the go-to local supplier for families. Better still, this newsagency business is so well developed that although the store is generating profits 7 days a week - the owner works only part-time!
When not on holiday, the owner works three days a week, plus one day every second weekend. The owner takes regular holidays and is away from the business for two or three months in total every year. The business runs smoothly under the store manager while the owner is away. This business could easily be converted to fully ‘under management’ by you if desired.
Reason For Sale
So why is the owner selling? Having prospered for the past 19 years, the owner has decided it’s time to retire – and there has never been a better time to buy.
Buyers should know this is an extremely rare opportunity to acquire an essential-service, low-risk, high-profit, magnificently positioned business, centrally located in a region which is known as one of the fastest-growing regions in the country.
Over its long 19 years history, this essential-service business has consistently and repeatedly shown itself to be very low-risk, enjoying strong growth throughout the digital revolution, winning industry accolades as an all-weather success story; and in 2020 proving itself pandemic-proof.
Businesses of this calibre rarely come onto the market and are snapped up quickly when buyers get the full information.
A confidential, comprehensive and detailed report on this business is available, please follow this link and request it using the confidentiality form provided.
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