Established Newsagency & Convenient Store - Multiple Income Streams

An excellent opportunity to purchase an established newsagency and convenient store with multiple income streams and a loyal local customer base. The business is in a busy and convenient area with steady pedestrian traffic. It offers Lotto, cigarette sales, parcel collection, magazine, stationary, greeting card, soft drink and a wide range of convenience products, helping to attract regular customers.

Key Features

• Turnover around $500,000/year (includes lottery $230,000/year).
• Rental $1,000/week plus GST. (Two bedrooms behand the shop rent out get extra income $550/week).
• Net income over $100,000 per year
• Lease 2.5 years, every year 3.5% increase.
• Around 100 sqm shop, two bedrooms and one car space.
• Trading hours Mon-Fri 7:00am-7:00pm, Sat-Sun 8:00am-5:00pm.
• Stock value around $50,000

Contact us today for further information or to arrange a confidential inspection.