Long Established Newsagency in The Middle of Residential Developments

Description

With a trading history spanning more than 30 years, this established newsagency remains an essential part of the local community.Alongside core product lines including newspapers, magazines, stationery, and greeting cards, the business also provides lottery and tobacco products.Additional services include key cutting, ATM, Australia Post Post Point services, Hubbed Parcel Point services, and Go Card top-ups.The current owner is primarily involved on weekends, creating an opportunity for a new owner to extend operating involvement, reduce overheads, and improve operational efficiency.Opening Hours7 days/weekMonday - Friday: 6am - 6pmSaturday: 7am - 5pmSunday: 7am - 12 noonKey Points:• Size of premises: 78 m2• Lease: New 7-year lease commencing July 2026 with an additional 7-year option• Monthly rent to landlord: $7,836.97 including outgoings, promotion, and GST. Annual increase of 3.5% applies• Staffing: Business owner and two to three casual staff• Total sales for the financial year 2025: $1,379,000• Total net income before tax for the financial year 2025: $119,000Asking price: $250,000 + SAV ($60,000 - $70,000 estimated)