Busy growth Newsagency with main highway frontage and plenty of parking located in growing mining town. 6 Sub agents, large stationery sales. Can support 3 families working full time or run under mgnt
Price $450,000
Located in the booming Upper Hunter area, this growing business is well located with secure long term lease in place. With all departments showing good growth, especially stationery and soft gambling – the business still has plenty of room to grow.
The main industries in the region are coal mining and power generation which employ thousands of local workers. There is also a thriving thoroughbred and viticulture industry employing hundreds more. Mining investment in the region is still growing and will ensure continued employment stability for years to come.
Products Sold:
NEWSPAPERS -full distribution agent
MAGAZINES
BOOKS & TOYS
CARDS & GIFTS
STATIONERY & OFFICE SUPPLIES
CIGARETTES & TOBACCO
PHONES & ACCESSORIES
CONFECTIONERY & SNACK FOOD
COLD DRINKS, HOT FOOD, COFFEE
BREAD & MILK
PHOTOCOPY / FAX / LAMINATING
BUS TICKETS
WESTERN UNION
LOTTERY PRODUCTS
Annual Turnover $2.7 million approx. Plenty of opportunities to expand, especially in growing the stationery / office supplies business.There are supply agreements in place for several local mining related firms as well as the local council offices. No local competition in the office supplies market!
The convenience side of the business is also strong with sales of tobacco growing as well as hot food, hot coffee, drinks, confectionery, bread and milk. There is potential to grow and expand the range and offering to increase convenience sales further.
Lotto sales are showing solid growth with the biggest agency sales in the Upper Hunter region and several jackpots recently won by customers, the agency is fast becoming known as the “lucky agent”.
This well diversified business welcomes changes to the News Ltd distribution model and will continue to thrive and grow regardless of the outcome of possible territory changes in the future.
Great family business, will support 3 working couples or run it under management with casual help.
INCLUSIONS
New Shop fit out installed in 2009 (cost $85,000)
Automatic Door installed 2010 (Cost $6,000)
Security Shutter Installed 2010 (Cost $5,000)
New Computer system network and server 2013 ($15,000)
Industry leading POS software (POS BROWSER)
Coffee Machine (cost $2,500 in 2011)
Security System (cost $2,000 2011)
Newspaper Wrapping machine (value new $15,000)
FAST FACTS
Good systems and staff in place – business runs itself.
Deliveries fully staffed by reliable drivers
Easily run with husband and wife team and 5 casuals.
5 years current owner – over 20 years established!!
Solid regular customer base with good local reputation
Lease – 3x3x3
Small Strip Centre with 2 other shops – HIGHWAY FRONTAGE
LOW RENT
Multiple Income Streams – diverse range of products / services.
Plenty of Street and off street parking for easy access to customers.
6 Subagents
Owner can stay on for 2 months for smooth transition / training if required.
Priced to sell, reluctant sale due to owners relocating for family commitments. Strong and secure investment for these uncertain times. Don’t delay, this business will sell!