Reference No: 117-13390

Clothing, Fashion and Accessories

Price: $605,000

Premium Retail Newsagency For Sale

Exceptional retail investment that has years and years of proven history. The business is a key tenant in a prime position in Newcastle's biggest shopping centre - which is currently undergoing a huge extension and bringing in big and exciting new tenants.
The financials for 2014 show over $2.2 M in sales and $361,000 adjusted net profit if run by a working couple.
Mind you the business is currently being run by managers with the semi retired owners not involved other than some administration.
The store has an up to date quality fit out and making big margins through trade show selected gift lines which well supports the core products such as lotto, papers and magazines.
This business has adapted perfectly to industry change and is the exclusive newsagency in the centre and suburb.
Ref# 13390
Broker: Stuart McLachlan
Email: (click to show email)
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Price: $605,000
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Contact: Stuart McLachlan
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