On the market for the first time, this is the perfect opportunity for a savvy investor looking to purchase a highly profitable business run under management. The Newsagency & Giftware Store produces an outstanding annual revenue of $2,192,822 and a net profit of $297,164.
Located in the Hunter region of NSW, the business can continue to be run under management by its highly skilled staff, or run by an owner-operator looking to leave the city and move to the beautiful Hunter region.
The business premises is positioned in an extremely busy location, which caters to a large amount of foot traffic and is easily accessible for its regular customers.
The business has strong revenue from lottery sales that keeps its long-term regular customers coming into the store. Additionally, it offers a large range of giftware and homeware products sold both in-store and online, which continues to rise.
With over 40 years of successful trade, this business has continued to thrive over the last 4 decades, and as the population continues to grow in the region, the business is primed to continue its success for years to come.
The owners are selling due to retirement and are seeking a successor to this highly profitable business.
The new owner will not require specialist skills and can either be a hands-off investor or an owner-operator.
Features
EBITDA of 14% (Average of last 4 Financial Years)
Under management and simple to replace outgoing owners
Highly reliable and consistent gross profit
Rapidly growing population and demographic
Excellent location in a busy area
Financials
Revenue: $2,192,822
COGS: $1,079,720
Gross Profit: $1,113,102
Wages: $346,131
Net Profit/EBITDA: $297,164
• Average of Last 4 Financial Years
