Newsagent for Sale, Big Potential and Low Rent!

The Panania Newsagency is located at the top of the main street of Panania and has been operating since the 1950's.

This newley renovated shopfront is situated on a busy main intersection accross from Red Rooster and a busy chicken takeaway business, Chicken Wizard. The shop is currently running as a standalone Newsagency and Lotto agent.

Rent on the premises is quite low currently $770 with a rear workshop / garage currently subleased for $270.

Business Highlights

-Low Rent $770 per week (Rear Workshop/Garage sub leased for 270 per week)

-Weekly Average Gross Sales $17,700

-Lotto Sales $781,450

-Sale of Goods & Other Revenue - $122,600
-Net Profit – $43,400

-CDC Approval for a Banh Mi/Sandwich Bar + Takeaway Coffee Business

-Newly renovated 82m2 shop front

This business is currently running passively and completely staffed:

1x Permanent Manager

3x Casual Staff

Current services and revenue generators

-The Lott Lotery Agent
-Stationary + News Agent
-Parcel Pick up + Drop off services
-Printing and Copy Services
-Snacks and Drinks
-Gifts
-Confectionary

The Potential

The shop is situated on a busy main intersection leading into the centre of town, surrounded by other successful businesses, office blocks, houses and apartments. This results in strong vehicle throughfare and foot traffic 7 days per week.

There is currently a big opportunity to provide take away coffee's to service the many residence and offices at the top of the hill. In addition, the area has also been craving for a new and exciting takeaway style food option which we had planned to provide through our 'Banh Mi'/Sandwich concept.

All of the groundwork has been completed, with CDC approved to build a 'banh mi' or pork roll and take away coffee business as an add on service to the current existing business.

The shop area is a spacious 143m2 with the shopfront area being 82m2 and a back office, storeroom and kitchen. Providing the potential owners plenty of floor space to bring something fresh and exciting to the area.

Operating Hours

Mon - Fri: 7.00am - 6.00pm
Sat - Sun 7.00am - 2.00pm
Lease

There is 5 years left on the current lease and the owner is open to a new long-term lease with multiple options for renewal.

Inclusions of Sale

• Newly renovated floor space
• 4 New Display Gondolas
• All existing stock
• CDC Approval for takeaway Banh Mi/Sandwich and coffee addon business
• All conceptual IP including branding, concepts and designs

Reason for Sale

We purchased this business a year ago which had been neglected by the previous owner for a number of years. Our family has 10 years' experience in this industry.

Our vision was to grow the business and start up a pork roll and coffee takeaway business as well. We applied for the CDC and received approval.

However, due to the recent expansion of other business, H & H Training Academy, we are not able to dedicate our time into giving this business the support it required to lift off the Coffee Shop.

Contact

If you are interested in this exciting opportunity, please contact William on
xxxxx.