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Property Details

Price SOLD
State QLD
Property Type Retail

NEWSAGENCY – Sunshine Coast – ID#2935659 - This Newsagency is just 1 hour North of Brisbane.

This Newsagency has just relisted with a new lease, new Shopfit and latest Golden Casket image with DIGIPOS screens, absolutely nothing more to spend. The Business has very strong Gambling base with the agency rated in the top 10 for the state.

Showing a great Nett profit along with very strong Lotto sales. Present trading figures to 31/3/2016 indicate an increase of 9% in general Sales and over a 10% increase on Gambling sales.
Currently a new housing estate is under development behind the Shopping Centre with a proposed construction of another 300 houses.

The business is presently run by the husband on a part time basis with management in place, one option available is that this business could be run by a husband & wife on a part time basis which would result in savings of another $30,000 to $40,000 in wages.

Otherwise could stay under management freeing up the owners time to travel or indulge in the recreational activities that the Island is famous for.

Shopfit completed in November 2015 at a cost of $250,000 which will provide good ongoing depreciation benifits.

* Turnover Newsagency : $1,340,796
* Turnover Lotteries & Instants : $3,470,240
* Trading : 7 Days
* Staff Wages & Super Supporting Owners : $239,443
* Delivery Run : Yes performed by staff
* Agencies : Golden Casket, Postpoint

* Owners Profit : $297,167
* Stock (est) : $155,600

* Asking Price : $ 600,000 + stock

SOLD BY :- Graham Randall on 0419 711 153 or
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