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This is one of the few businesses that have been positively impacted by COVID-19. Turnover has increased this year for this boutique shop, and Lotto rankings have improved.
This retail business is not just your typical news Agency and offers a wide variety of services and numerous 'non-news agency' product lines. Situated in a very busy shopping village the business is very well established and identifies solid trading figures.
The current owners of 7 years have realised only a portion of the potential for this "News Agency" by introducing variety, and there is still more potential available by way of a wider variety of merchandise and further utilisation of floor space - more below.
Local shoppers have benefited from the introduction of a wide variety of gift lines, general merchandise, children's toys and other miscellaneous products and services. With a 125 sqm footprint, this retail location still has floor space available for additional stock and therefore increased revenue.
Located in the prime frontage area of a Brisbane westside shopping centre, the business is well supported by the foot traffic derived from local residents, businesses, and the considerable trade provided by Woolworths and Aldi as anchor tenants.
A constant flow of shoppers is evident from 6 am till 6 pm 7 days per week, with early closing on Sunday (2 pm) preferred by the current owners. The shopping precinct is situated inbound on Moggil Rd, and benefits not only from passing motorists and local shoppers but also from bus commuters utilising a major bus stop located right out the front.
The tenancy has been well supported by centre management in recent years has received multiple refurbishments, as well as the installation of air conditioning. The store has also recently received an upgrade to the latest Digipos Lotto image, so refurbishment costs will not be a concern for the new owner.
With a turnover of $2.2M pa, and Golden Casket contributing in excess of $1M in sales the business provides a healthy income to the owners and places the business high on the Golden Casket Lotto rankings. Well maintained and clean financials identify healthy profits across all facets of the business, and the owners are willing to discuss further options for products and services.
NOTE: A substantial benefit to the profitability of this business, and an alternative to simply increasing revenue through products and services is the possibility for sub-leasing a currently 'under-utilised' portion of the floor space - approximate 25sqm. Owners and agent can discuss this in further detailed with interested buyers.
Buyers looking for a solid income stream, and interest or motivation to introduce a greater range of gift lines or new products, or perhaps an appended business concept, would do well to inspect this non-franchised business that has benefited over the years from a supportive centre management team.
Very busy shopping centre.
High profile anchor tenants.
Recent refurbishments and Digipos Lotto Image upgrade.
Flexibility of products and services.
Multiple income streams.
Independent operator - No franchise.
Buying power and support from NewsXpress buying group.
Asking $------ + SAV (Approximately $60k).
Ability to sub-lease 20% of the floor space.
Owners selling to semi retire and spend time on overseas travel.
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