Summary:
Don't miss this once-in-a-generation opportunity to own an established and highly regarded newsagency and lotto agency in the heart of Cunnamulla. With its exclusive lotto license, central location, strong customer base, and extensive range of products, this business presents immense potential for growth and success. Join the vibrant community of Cunnamulla and take over a business that has thrived for over 68 years.
About the Opportunity:
This well-established newsagency holds a pivotal position in the community, acting as a central hub for various services and products. Along with being the only lotto agency within a wide radius, the newsagency serves the surrounding district and towns, including Wyandra, Yowah, Eulo, Thargomindah, and Hungerford. This business enjoys a strong foothold in the market.
The newsagency is not only a provider of newspapers but also offers a diverse range of products, including magazines, greetings cards, giftware, toys, souvenirs, and exclusive Cunnamulla merchandise. It is renowned for its exceptional customer service, community support, and active online presence, leveraging social media to engage with former residents, tourists, and locals alike.
Business History:
For the first time in 68 years, the Cunnamulla Newsagency is available to new owners outside the family. This business has a rich history of growth, community service, and innovation. As the current owner passes the baton, they express their excitement for the new owners, highlighting the potential for growth and the positive impact this business can have on their lives, just as it has for the previous generations.
Financial Highlights:
Financial details, including revenue and expenses, can be provided upon request. The business's revenue for the previous financial year (EOFY 2022) reached $656,077, with a strong profit ratio. The newsagency has also achieved notable milestones, including selling a $100,000.00 winning lotto ticket in 2021.
Premises Overview:
The newsagency is housed in a two-story concrete building, offering stability and investment potential. The shop space spans 124m2, featuring upgraded lotto terminals, two POS terminals, and two split system reverse cycle air conditioners. Above the shop, a spacious 143m2 residence provides comfortable living quarters with two bedrooms, lounge room, kitchen, dining room, family room, bathroom, deck, and laundry. Additionally, the property includes a rear courtyard with a covered deck, carport, and a generous backyard with beautiful frangipanni trees.
Growth Potential:
The business has immense growth potential, with opportunities to expand the online shop, introduce additional services, and engage with the community through marketing initiatives and events. The strategic location and established customer base provide a solid foundation for further expansion. Consideration can be given to exploring extended operating hours to increase revenue.
Seize this exceptional opportunity to own a thriving newsagency and lotto agency in Cunnamulla. Be a part of the vibrant community, enjoy exclusive offerings, and embark on a new journey filled with growth and success. Contact the Collins Parker team today for more information.
