- Post Updated: 2022-06-15 16:51:10
- Status: SOLD
- Type: Businesses For Sale
- Location: New South Wales
- Business ID: BS9637
Description
The only operating newsagency in town – exclusive NSW Lotteries Licence.
Potential profits to a husband and wife working team of $180,000 including 2 owners wages.
Owner willing to stay on and work for the new owner or provide extended support after the sale.
Boasting a fantastic position in the centre of Forbes CBD, News on Rankin Newsagency is an award-winning business with an established reputation for product choice and superior customer service. It holds the only NSW Lotteries Licence in the area, along with the distribution network for Fairfax and Nationwide News.
In the 2016/17 Financial Year the current owners purchased the only local competitor, Nocks Newsagency, which has further increased market share and boosted sales revenue.
Business highlights
*Operated from these premises as a Newsagency for 25 years
*Huge range of products including newspapers, magazines, Lotto, books, drinks & confectionery (including Darrell Lea, Hillier’s and Chocolatier), toys, gifts and homewares
*Direct relationship with Lego Australia
*Over 150,000 stationery lines making this the first point of contact for all office supplies
*Services include photocopying, faxing, laminating, scanning and emailing, newspaper delivery and postal services
*Winner of numerous awards, including Newsagency of the Year in NSW and ACT
*Finalist in the National Newsagent of the Year awards
*Employer of Choice in this year’s Forbes Business Awards
*A significant increase in sales over the past 10 years
*Excellent profits available for a husband and wife team plus casual
*Currently 3 full-time staff plus casual retail assistants and 2 delivery drivers
*Excellent systems in place including online ordering through a new website, selling tools and sales targets, monitoring of sales of highly profitable lines
*Monthly newsletter and customer rewards program
The building comprises 275m2, with retail, storerooms, large upstairs storage space, staff facilities.
Great future opportunities to expand the business even further, which the current owners would like to showcase to the buyer.
Asking Price $179,000 + SAV