Reference No: 6426726

Newsagency and Post Office
OCEAN SHORES NSW

Price: $260,000

Newsagency, Post Office, Lotto and Mobile Phone Repair Shop – Ocean Shores, NSW For Sale

Very Profitable & Stable Business – Month on Month Growth

This is a unique opportunity to buy a very profitable business, which includes a Newsagency, Post Office, Lotto and Mobile Phone Repair Shop.

The business recently re-located to the shopping centre, which has resulted in rapid expansion. The current business owners are still working out new lines of stock to exploit the much bigger market the business is now exposed to.

The Business has multiple Income Streams, makes it very versatile and resilient in any economic climate.

Business Highlights:

-Sells gifts, toys, stationery, phone accessories, soft gambling products, postal products
-Experiencing month-on-month growth despite the pandemic
-Current owner bought the business in 2014 – moved to the new location 20 months ago
-Located inside the busy shopping centre, 50m from Coles
-Other businesses in the shopping centre include a Bargain Shop, Pharmacy, Bottle Shop, Café, and restaurants
-All equipment included – Fit-out just 1.5 years old
-Stock (not included) approx. $50K
-All contracts in place with Australia Post, NSW Lotto, newsXpress & more
-Not advertising actively but potential to grow Mobile Phone Repairs by advertising.
-Potential to increase hours – especially on Sunday when the shopping centre is busy
-Currently fully managed – Staff include 1 F/T, 1 P/T + 2 casual
-Training will include in-class APO training in Brisbane or Sydney + in-store training + Lotto training
Already well set up and successful, there is plenty of potential here to expand. The new owner might extend and change the gift lines to suit the changing taste of the local demographic. This is an avenue with up to 58% GP.

Mobile phone repairs is another area that could be better exploited. The sales have been growing steadily but, due to family commitments, current management is not marketing this service. This is an avenue with up to 50% GP.

Post Office sales could also be increased by adding passport application processing & other services.

A new owner might create an online store and take advantage of the bulk buy prices to sell online on eBay or Amazon.

Price: $260,000+ Stock

Business ID: BS146386
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Price: $260,000
Xcllusive Business Sales
Address:
G14, 1-15 Barr Street,
BALMAIN, NSW, 2041

Contact: Xcllusive Business Sales
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