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Property Details

Price SOLD
State QLD
Property Type Retail

Newsagent in second biggest Shopping Centre in Townsville - ID# 748748

Price reduced from $170k to ONLY $20,000 + stock !

This store is located in Townsville's second biggest shopping centre anchored by a host of Major Tenants

The centre has planned a re-development, which includes the relocation & downsizing of this newsagency, with a revised new lease and significant rent reduction. The relocation is to a prime position in proximity to a supermarket anchor.

The buyer will have a new shopfit to fund by October this year, supported by some landlord contribution. The opportunity exists to influence the design of the new shop, embracing the latest newsagency retailing trends.

Think about it, for only $20,000 + stock, you get :-
* Rights to the new lease in this developing centre
* Existing well experienced staff
* Training and procedures
* and of course, an existing Lottery Licence

A new Lottery Licence is $25,000 alone, not to forget a new licence would cost 2 further years of the 1% operating fee, which in this case could be as much as another $65-70,000.

Buy this today for $20,000 as a transfer of existing licence, and avoid those extra Tatts fees !

* Turnover Newsagency : $ 1,135,316
* Turnover Lotto/ISI 2014 : $ 3,353,590
* Turnover Lotto/ISI 2015 : $ 3,498,211 up $10k in comms !
* Trading : 7 Days
* Delivery Run : Yes small
* Agencies : Golden Casket
* Staff Wages supporting 2 working owners : $71,175

* Owners Profit : $ 251,890
* Stock (est) : $ 185,000

* Asking Price: Only $ 20,000 + Stock.

This will not last long, so if you have your budget & finances ready ,

Chris Green on 0419 473 666

To receive more information on this business please visit and complete a Confidentiality Acknowledgement and Agreement.