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Property Details

Price SOLD
State QLD
Property Type Retail

Newsagency - Southern Gold Coast ID#71272 - Palm Waters

This well-presented Newsagency is located within a strong performing Woolworths Centre, on the southern end of the Gold Coast. There are 25 speciality stores with 300 car spaces, some under cover.
The area and surrounds are very well established, it keeps a very loyal customer base without close competition and continues to perform by the introduction of new lines and expansion of existing products.
This shop does not have a delivery run. The owners have recently secured a new lease with reduced floor space along with a rent reduction.
The store layout is appealing and has currently undergone a new shop fit including the new current corporate lottery area and incorporates a back office along with some private post boxes.
The current owners after 12 years want to retire and are keen to pass on their knowledge and experience to the next buyer.

* Turnover Newsagency : $325,197
* Turnover Lotteries & Instants : $2,043,257
* Trading : 6.5 Days
* Staff Wages Ongoing p/a : $37,869 (Owners working 40 hrs each)
* Delivery Run : No
* Agencies : Golden Casket, Dry Cleaning, Postal Products, Public Fax,
24 Mail Box Rentals (with potential for 28 additional boxes)

* Owners Profit : $147,680
* Stock (est) : $55,000

* Asking Price : $295,000 + stock

Graham Randall on 0419 711 153 or

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