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Lanyon Newsagency

Business for Sale
Canberra ACT

Lanyon Newsagency

Sold

Lanyon Newsagency

Stock Included: Yes
Stock Value: 50,000
Years Est:
Gross Revenue:
Servicing over 30,000 Tuggeranong residents, this long-established newsagency benefits from high pedestrian traffic generated by the Woolworths supermarket and Australia Post outlet nearby (among numerous other complimentary tenants).

Turnover for 2012-2013 exceeded $2 million and owner’s profits were above $150,000 for the same period. Those high profits are diversified between lottery and various retail lines and sales are bolstered by established company accounts, ensuring resilience of the store’s profitability.

All this without the hassle of a home delivery business. Yes that’s right, no early morning starts, no returns and no deliveries. It’s the perfect retail business built around the strength of reengineered newsagency model.

Average age in the area is anticipated to increase by up to five years in some suburbs from 2007 to 2019, helping sales of lottery tickets and newspapers and magazines.

After 7 profitable years in the business the two owner-operators need a change, and are looking to move on to a new enterprise.

In brief:

* Turnover consistently above $2 million per annum
* Owner’s profit above $150,000 for 2012-2013
* Rent 141 m2 for approx. $7,500/month excl. GST
* Large customer base of over 30,000 people
* Established company accounts

Asking Price $159,950 plus SAV
Stock approximately $50,000

High traffic, high profit newsagency. More information available on request. Express your interest by using the ‘enquire’ form on this webpage or alternatively enquire via email to sales@capitalcommercial.com.au

Lead agent Frank Walmsley
0400 446 605
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