Massive Newsagency Delivers for Investors
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
With annual turnover consistently above $1.7 million and net profit above $140,000 per annum this is a serious business investment opportunity.
This large and highly profitable north-side newsagency delivers to 12 suburbs in Belconnen and Gungahlin and profits from 18 subagents in the same area. The future looks secure with populations expected to increase (and age) beyond the average in those areas.
The shopfront benefits from being located within one of Canberra’s oldest populations, bolstering sales of core lines like newspapers & magazines and lottery tickets.
Close proximity to numerous schools enhances confectionary and stationery sales, and plenty of complimentary tenants nearby ensure the location is a high pedestrian traffic area.
The university educated owner wants to move on to work related to his degree and needs to sell the store to gain more time.
Asking Price $259,950
- Turnover consistently above $1.7 million per annum
- Gross profit over $360,000 for 2012-2013
- Adjusted net profit above $140,000 per annum for past three years
- Recently extended premises of approximately 120 m2, rent negotiable (owned by seller)
- Large delivery run currently contracted out
- Online store included
Stock approximately $30,000
Diversified, stable profits. More information available on request. Express your interest by using the ‘enquire’ form on this webpage or alternatively enquire via email to email@example.com
Lead agent Frank Walmsley
0400 446 605