For Sale by Owner
Gosford Newsagency Phone : 0407 20 ****

GOSFORD NEWSAGENCY- Lotto- Lottery- Cards, Gifts & More - Massive Current CBD Growth- Massive Growth Potential - Multiple Income Streams- $195,000 plus SAV

Listing Id : 257073

Location : New South Wales - Gosford -Central Coast

Category : Newsagency and Lotto, Service, Retail

Asking Price : $195,000 + SAV

Business description

Finally, Gosford has arrived! Only 40 minutes from Sydney’s Upper North Shore, Gosford is the iconic Capital of the Central Coast and is experiencing boom times. Major new CBD development is under construction including a huge regional office for the Australian Tax Office and the massive $368 million redevelopment of Gosford Hospital due for completion in 2019. In addition, the development of the top-rating Gosford Private Hospital will attract much more employment. There is also major hi-rise construction underway with mixed office, retail and residential use including the much-anticipated Bonython Tower in the heart of town. This is a potential boom for the new owner of Gosford News.

The tired CBD strip of old Gosford is no more. The town is redeveloping into a vibrant living centre and you can feel the “Buzz” being generated. You can see excitement being generated by the major new developments including new Cafes, new Pinocchio’s Wine Bar with their much-craved pizza plus many upgraded Hotels and retail stores.  The main Shopping Centre has been redeveloped and now boasts a modern Woolworths, more Cafés, Hairdressers, Chemists, Doctor’s Surgery plus 50 or more retail stores and they are all attracting new customers.

Gosford Newsagency has been very successfully operated with the same owners for over 30 years. It is perfectly positioned in the Centre of the CBD to take full advantage of the current and future growth opportunities being generated by the current developments. The business is in a well- presented large retail space and includes an office with storage area. It is fully computerised and has a small, efficient home-delivery service, including contracted Sub-agents, which is a profitable, self-sufficient area of the business. Delivery is a self -sufficient and profitable operation.

NSW Lotteries New Generation One Retail Image is not due until 2**** **** . The amount of $30k for the Lotteries re-fit has been considered when pricing the newsagency.

In addition to our excellent Lotto/Lottery, newspaper and magazine offerings there is a genuinely fantastic opportunity to increase our Social Expression offering which includes Cards and Gifts plus executive stationery for the newcomers. Current market favourite Journals and pens are not available at present and this addition along with executive Social Stationery would be a hit. Quality Stationery presented in an excellent in-store environment is a great base to build incremental sales from.

Introducing The Lott syndicates on offer every day, caps off a wonderful experience.

Features and opportunities include:

  • HUGE increase in CBD occupancy with Tax Office and Gosford Hospital development.
  • Rent is only $34 545 a year in the Centre of the City. Annual review CPI only.
  • Only open 5 full days and two half days per week on Saturday and Sunday.
  • Tangible growth by pitching products that are not available at present to the influx of new workers and residents.
  • This area has a solid base of existing Business Owners, Shop workers, Banks, Solicitors, Accountants, Real Estate Offices, and Government Departments. When you add in the Tax Office, Public & Private Hospitals, Bonython Tower and the myriad other developments proposed and approved and now the incredible increase of 600 permanent office personnel at the newly located Tax Office from Sydney.

This is the perfect opportunity to buy a business where the only way is “UP!”. New development means a major increase in workers and residents that should increase current sales substantially. A Full Business Profile with financial details IS AVAILABLE NOW!

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