The Brokerage Connection Phone : 1300466 ****
The Brokerage Connection
1300 ****

0412 ****


Newsagent Great Location Good Returns

Listing Id : 272177

Location : New South Wales - Turramurra

Category : Newsagency and Lotto, Office, Entertainment

Asking Price : $499,000

Business description

Situated in an affluent part of Sydney North Shore, this successful newsagency shows great potential for growth on already good profit margins. Nestled in a quaint little village environment neighbouring pharmacy, coffee shops and the like, it sells NSW lotteries products, stationery, cards, gifts and toys and displays. Frequented by daily commuters passing by on their way to the station or the council car park, it has many loyal customers. The area is growing, with numerous new unit blocks and housing developments being erected. In addition, the hospital and aged care centres are generating a major population growth within the local area. These developments mean even more potential for this already successful newsagency. It is a great opportunity for a single operator, couple or a family to run, and the expected returns are $200,000 plus per year. Key highlights of this business: - * Newsagency selling Lotto, magazines, stationery, newspapers, greeting cards, cigarettes, confectionery, gifts, phone accessories etc. * Recently fully renovated, as required by NSW Lotteries, with a new design to suit the current market trends. * Situated in a fully tenanted village style shopping centre including a supermarket, cafes, restaurants, beauty salons, pharmacies, medical centres. generating vast numbers of customers to the area. * Surrounded by 2 of the most prestige private schools with boarding facilities, several child centres and retirement villages, providing countless opportunities for walk in customers. * Located off a major Sydney arterial road with major public transport options and also in the vicinity of the local business area. * Operating hours are 6.30am to 6pm Monday to Friday. 7am to 4pm on Saturday, and half day on Sunday. * Lease details - 3-year lease expiring July 2**** **** . * The local area brings customers that more likely to purchase high end gifts, educational toys and a large selection of cards, these items have a larger margin for profit. * No newspaper deliveries are required, but there are opportunities to gain more profits such as parcel pick-up, opal cards or open longer hours. If you are interested to learn more about this business, please let one of our specialised brokers help you. Please call or email Kalpesh Shukla or John McSweyn**** **** Our ref #KS263 {Newsagency, Lotto, Stationery, Retail, North Shore, opportunity, high profits, NSW lotteries} Property Code: 263


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