STOP PRESS!!! This Newsagency has been serving the local community for 30 years selling newspapers, magazines, Lotto, Golden Casket, stationery, dry-cleaning, phone cards, western union, and photocopying with fax services. With (3) sub-agents and a $120Km news paper run (both requiring minimal labour) there is consistent income and cash flow generated. Contracts with suppliers will need to be re-signed, the current owner will assist.

LOCATION
Situated at a busy round-a-bout directly opposite the local Shopping Centre it is high profile with front side and back parking available. Based in a busy commercial complex with Bakery, Butcher, Food Store & Pharmacy ensures a constant flow of pass by traffic is maintained.

OPERATIONAL
The trading hours are Monday to Saturday 6.00am to 6.00pm with Sunday 6.00am to 12.00pm. A Small accreditation course is required for Golden Casket and the owner will provide full training in all operational procedures and runs.

PORTENTIAL & EXPANSION
You can grow this business by providing regular stationery orders and supplies to local schools (6) in the geographical territory, and secure two runs which are currently on offer in the adjacent territory. Increase small grocery and convenience goods on offer.

FINANCIAL DETAILS

GROSS Turnover (approx) FY 08/09
$905,336 (Newspapers, Stationery etc)
$330,363 (Lotto, Golden Casket)

Gross Profit
$347,347 (approx)

PEBITA (approx 08/09)
$79 (Owner Operated)

Reason for Sale
Medical Reasons

GENERAL DETAILS

Years established 30 years (approx)
Current owner 2.5 years

Employees
(3) Part-time casuals
Plus 2 owners

Operates
7 days
Stock (Not included in Purchase price)
$ 35K (approx)

Lease
5 X 5
Shop Floor area 80 m2
Wrapping Storage Room 120 m2