SOLD-Long-established Retail and Distribution Newsagency – Tailem Bend

Description

Turnover: $291K – Trusted Family Business since 1942 – 1hr to Adelaide

Hughes Newsagency is a long-established retail and distribution business servicing the town and surrounding areas with retail sales, lotteries, sub agent and home delivery.

The business was purchased in 1942 and has been run by the Hughes Family for 3 generations. The current Hughes family member has been running the business for 25 years.

• Strong performing business located 1 hour from Adelaide on the Southern Eastern Freeway
• Current owner just overseeing the business – Long-term well-trained staff in place
• Tailem Bend is the first town on the freeway and home to ‘The Bend’ V8 racing circuit
• Products include magazines, cards, stationary, toys, giftware, X Lotto
• Delivery round and sub agent for 6 service stations – No real competition
• Prominent location in town with good signage – Part of Newspower buying group
• Trades Mon-Fri 9am-5pm, and Sat 9am-12 – Hours are flexible
• Large retail shop approx. 15m x 15m
• Assets include delivery vehicle (2007 Toyota Yaris), all stock on hand (approx. $65K), POS System and more
• Staff are all casuals – 3 shop staff + 2 delivery drivers
• 4-week handover for smooth transition

This business would be perfect for a couple who wish to run it themselves. There’s great potential to extend and grow the business with new ideas and greater energy.

Price $90,000 WIWO