- Price: $230,000 + SAV
- Categories: Retail
Excellent News-Deliveries from this newsagency cease effective from January 29, 2024, just a few months away. This means same net income less hours and no early morning or other external hassles.
The new opening hours are 6 a.m. Monday to Friday capturing the same retail market with more concentration on product and sales with a focus on extra profits overall.
Blackheath, a town between Katoomba and Mt. Victoria is some 2 hours from Sydney. It is a high tourist area supported by many well-promoted occasions such as the famous annual Rhododendron Festival plus musical festivals and Arts Society events.
Blackheath Newsagency owners of 11 years, whilst maintaining the all-important Home Delivery and Distribution Service, embraced this local market with enthusiasm and purpose by enlarging a specific choice for this great local and surrounding clientele of families with individual daily community styled Social Expression to suit their needs.
Blackheath has a population of around 4,700, basically 48% Male, 52% Female and 1,304 families. The biggest numbers are:
1. Birth to 14-year-olds
2. 45-75 year - olds.
In between these age groups are significant residents to make up a very well - balanced discretionary purchase area by supporting the opportunity with appropriate goods, priced to sell.
The owners, in part of innovation, introduced the selling of fresh flowers daily. The flowers are presented in front of the store, either side of the entrance.
Gifts and Cards are in the vicinity of $45k each making, with toys and other products, a combined total within the Social Expression Department of $180k p.a.
The latest The Lott image refit is fully installed which gives the new owner nothing to spend on the Front Counter image.
At the rear of the store there is a Counter representing the Bendigo Bank, open three days per week and contributing nearly $40k p. a. to the bottom line.
Stationery needs special mention, whilst current performing with Sales at $80k p.a. it is in a growth phase because the largest stationery wholesaler, in Katoomba servicing up and down the Blue Mountains area, Bennett's Stationery and Office Supplies has recently closed. After more than a decade of service the owners retired and moved to the Southern Highlands.
The owners original focus on being" local for locals" has paid off well for this solid base has produced excellent well -balanced community styled "social expression" with a growth pattern for Stationery sales plus the increase in Banking facilities at no extra cost, is a great boon for new owners.
This newsagency has put together a great foundation for new owners to capitalize and grow with obvious increments with Stationery Sales and Banking Services in growth mode. The price element of Goodwill includes all Fixtures and Fittings and is based on Retail only sales,
For further information plus a full Business Profile please contact Business Performance Brokers
Graeme Day ---- --- --- or Jacqueline Rossiter ---- --- ---.