SOLD-newsXpress Newsagency, Gifts and Homewares – Sandgate, Brisbane

Description

Turnover $2.3m-plus – Strong year-on-year sales growth 

This ‘new model’ Newsagency Gift Store has been transformed from selling low return product lines to a modern, attractive retail outlet with a growing reputation as a destination shopping location. 

Turnover since 2010 has increased from approx. $1.1m to currently in excess of $2.3m.  

newsXpress Sandgate boasts a prime shopfront location in the Ibis Centre – in front of a busy Woolworths. 

• Major shop refit 2 years ago resulting in increased sales and improved gross profit margins 
• Many improvements – including the latest Golden Casket Digipos image upgrades 
• Prime location with excellent tenancy mix plus undercover parking 
• Excellent support from the newsXpress Group – one of Australia’s leading independent retail groups 
• Key national and international supply chain access – Marketing and IT support 

• Well trained, highly motivated, and capable staff in place 
• Key products/services include Golden Casket ‘The Lott’, Stationery/office supplies, Newspapers/magazines, Homewares/giftware, High-end confectionery, and more 
• Current owners will remain for 2 weeks after purchase for smooth changeover 

The owners have set up this business to operate without their daily presence, leaving them free to enjoy an excellent work-life balance. 

They have also recently negotiated a $45,000 reduction in annual rent, which has greatly improved cash flow. 

Over time, products which only returned 3-9% – have been replaced with products offering returns of 80-150%. 

Continually evolving and improving, newsXpress Sandgate offers great potential for future growth through online sales and bulk stationery supply services, particularly for local businesses. 

Price $239,000 + SAV (approx. $100k)