18/07/2022
URGENT SALE!!
Price Reduced To Sell!
Business Type:
Newagency
Location and Demography:
The shop is located in a village shopping centre on busy and Old Northern Road. It is in a prime location. The shop gets high foot traffic. Adjacent shops including IGA and Liquourland brings in regular customers on extended hours. It is the only newsagency in 5 km radius. Customers from suburbs Dural, Arcadia, Galston, Gleorie and Maroota frequent the shops. The shop is located opposite to the bus stop. The demography is well diverse with demand for newspapers, magazines and greetings cards from older demography. However, the shop is also visited by younger families with small kids. There are 4 schools within 3 km radius from the shop.
Products and Sales details.
NSW Lotteries: Dural Newsagency has a high rank of 350 out of 1500 lottery franchisees in NSW based on sales. Gross Ticket Sales per annum = $850k (Total Gross Sales since Sep 2020 = $1.69 million)
Greeting Cards: The shop sells high quality and expensive greeting cards including Papyrus. The shop is close to local churches and demand for religious cards is high. The shop sells exclusive seasonal cards during Mother’s day, Valentine’s Day and Christmas.
Magazines: The shop has roughly 500 magazine pockets.
Ci******es: There is demand for ci******es and to***co products in this area.
Stationary: There are many small businesses around and also younger families with kids, who shop for stationary.
Turnover and Profit:
Average Total Monthly turnover = $105,000
Average Net Profit (after expenses) = $10,000
Lease Term: 5 years (up to 2025)
Stock at hand: $25,000
Shop Size: 80 sqm
Website:
www.duralnewsagency.com.au
Reason for Sale: The shop is currently run by one person, who has two young kids (9yr and 3yr). It has been difficult to source trained staff to help run the business. Running the business has taken a toll on the young family. The owner would like to take care of her ailing parents but cannot do so until she can sell the business. The business has potential to grow and the owner has a number of ideas on how to grow new product lines to increase profit.
Competitively priced products including stationary, greeting cards, magazines, to***co, and gift items. Services include printing, fax, copy, laundry - newsagency