LINK Business (NSW) Phone : (02) 98 ****

Premium Retail Newsagency

Listing Id : 232035

Location : New South Wales

Category : Newsagency and Lotto, Retail

Asking Price : 900,000

Business description

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: stuartm@linkbusiness.com.au For more information about this business or complete an online confidentiality agreement visit this business at: THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. Ref: 13390 Timestamp: 2019**** ****


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