Newsagency - Parramatta/Hills LGA, Busy Mall, High Lotto Turnover, Strong Multiple Revenue Streams
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About this business
In the broker's words
Full description, as written by the brokerThis Newsagency presents an excellent opportunity to acquire a well-established and highly regarded retail business with over 30 years of successful trading history. Located in a bustling, well-established shopping centre within the City of Parramatta and The Hills Shire Councils, the business enjoys a prominent position with strong and consistent customer traffic. The centre is anchored by major retailers including Coles, Aldi, TK Maxx, Kmart and Service NSW, attracting approximately 4 million customers annually. The business benefits from diversified revenue streams across Lotto, greeting cards, gifts, stationery and magazines, providing a strong and balanced business model.
Key Business Highlights
- Over 30 years of successful trading history
- Approximately 135 sqm modern, beautifully presented store
- High-quality, current store fit-out with prominent frontage
- Secure lease in place until February 2032
- strong and consistent store sales with Approx. $135,000 in card sales
- Lotto commission reaching approximately $250,000
- Strong gift and stationery sales of approximately $90,000
- Profits of over $170,000 is achievable by a working owner Mon-Fri
- Loyal customer base with strong demand for the store's gift and card selection
- Advanced POS system for efficient day-to-day operations
- Well-trained staff in place
- Multiple diversified revenue streams
- Excellent pedestrian traffic and prominent shopping-centre position
Significant Growth Potential
One of the most attractive aspects of this opportunity is the potential for further growth. The current owners are not directly involved in the day-to-day operation of the business, providing an incoming owner with the opportunity to take a more hands-on approach and explore additional avenues to increase sales and profitability.
With its established customer base, strong Lotto income, diversified retail offering, modern fit-out and secure lease, this newsagency offers an excellent platform for an owner-operator or investor seeking an established retail business in a high-traffic location.
Key facts
Details are as stated by the broker.
- Business type
- Newsagency
- Established
- over 30 years (from the broker's description)
Details are as stated by the broker in the description and have not been checked by Business For Sale.
Location
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