SOLD – Newsagency with Retail and Lotto – St Mary’s, NSW

Description

Turnover: $960K – Profit $105K pa  

Walters Newsagency is a well-established business located in a busy shopping centre with plenty of parking available. Run by the same owners for 27 years, the large premises could easily accommodate another business if the buyer desired. 

Business Highlights: 

• Services include Lotto, Newspapers, Cards, Stationary, Confectionary & Drinks 
• Agent for Ladbrokes – Paid for signage + commission on Ladbrokes, Bitcoin & SodaKING  
• Sub agents for Magazines with 2 IGAs, chemist, tobacconist plus others 
• Prime location in a Shopping Centre which includes a corner shop, chicken shop, café, doctor, pharmacy, Post Office, pizza shop, tobacconist, bakery 
• No lease – rent taken out of account monthly – very helpful understanding landlord 
• Plenty of room for more stock and opportunities for additional income streams 
• No competition – Situated close to Primary School, Child Care Centre, Bus Stop 
• Currently operated by a husband-and-wife team  
• Trading 6am – 6pm Monday-Friday, 6am – 2.30pm Saturday & 6.00am – 12.30pm Sunday   
• Two weeks training will be provided to ensure a smooth handover 
• Current owners are looking to retire after many successful years in the business 
• Assets include latest Lotto counter fittings, Card, newspaper & stationary stands, Coke fridge 

This would be an excellent business for a couple or partners, with plenty of potential to increase turnover by introducing new products and gifts. St Mary’s is seeing a lot of growth as younger people move into the area, and this will be further boosted when the new airport opens. 

 Price: $120,000 + SAV