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Property Details

Price $690,000 + stock
State NSW
Property Type Retail

NEWSAGENT/GIFTWARE RETAIL AND LOTTERIES BUSINESS

LARGE PROFITABLE RETAIL BUSINESS INVESTMENT BIG CASH FLOWS AND MASSIVE DEVELOPMENT HAPPENING NOW

These news agencies established for 95 yrs.
We are retiring after owning them for 25 yrs
2 shops
1 main street 200 sq mts located 50 mts from major train station rent $1800.00 per week (including GST & outgoings)
2 100 sq mts in coles shopping center $1520 per week (including GST & outgoings)

The main street shop has a large well equipped area upstairs that can be occupied of leased out for approx $4-500 per week

Easy to run retail for a couple and 1 casual with no delivery runs

Over $270k in lotto commissions from around $3 mill in lotto sales and over $1 million from other high margin lines such as gift ware, cards and wrap circulation products and agencies including Cartridge World, Western Union, Opal, Ladbroks Epay, Blueshift bill pay/ parcel pick up and phone recharge

Very stable secure business which has given us a wonderful life, we now ready to pass it on to the next generation to take advantage of the loyal current customer base as well as the massive growth in population from the development of 3250 high rise unit in our CBD which has already commenced.

Inspection is required and welcome as a first step call chris 0405983672

Full financials available for serious buyers