Business Summary

The current Newsagency owners decided to move to larger premises a few years ago creating a more vibrant new style business in 215 square metres with excellent facilities - Lunch Room, Office, and Store Room plus Wrapping Section for Home Deliveries (if needed). Considering the lifestyle of their local community, their customer base demographics, age groups, household income, schooling, and employment they re- focused their business. This is just the beginning of an unfinished project. They created a community first by targeting Gifts and other Social Expression items with the Greeting Cards.

COVID 19 During the initial Lockdown, being categorized as an essential service, now reclassified as "Critical Retail" there has been an unexpected yet sustainable increase, an added benefit to the current store's sales. This has been sustained over an 18 - month trading period even though stock has been hard to get. With more stock coming through these figures are expected to increase particularly during Christmas and the New Year.

Located within the Coles Centre with a dedicated car park and literally a stone's throw from the beautiful, picturesque lakeside and strip shopping with its locals and weekenders from Newcastle, Hunter Valley area and the Central Coast area, the audience is constant and huge.
This new style Newsagency with huge "the Lott" profits, OVER $280K p.a. that's over $5,400 per week -pays the rent plus. The business is transitioning from a strong base already showing a huge growth in Gross Profit in these high margin products. With a fresh approach and with a sprinkle of expansion of Books as a suggestion, these strategies should ensure even greater success for the new owners.
Time to create a greater atmosphere with more selected Gifts, Children's Toys and a full range of Adults and Children's Books, providing an opportunity to increase profits considerably.
Create your own future and fortune with this incredible business opportunity. This business, with its community goodwill participation and prospects of further growth, is just the Beginning to build on this new styled shopping future with "the Lott" paving the way to greater success.
* Opening hours 6.00 a.m.to 6.00 p.m. plus two half days.
* Huge Lotto $280k p.a. commissions. Over $5,400 p. w.
* Social Expression: -Cards-Gifts an excellent performance of $200k p.a. - $4k p. w. Gross Profit.
* Stationery -S.O.H.O. - Small Office Home Office, plus School purchases and Magazines needs lay-out revamping to suit the current demands.
* Distribution of Newspapers is a profitable service however can be relinquished with 3 months' notice to publisher if desired. NO GOODWILL has been asked for this incredibly good service that is considered a bonus.
Social Expression plus Lotteries net commissions represents a massive $480k Gross Profit, core footprint basics such as Newspapers, Magazines, Confectionery, Drinks and Stationery represent the balance.
This is an incredible opportunity as the current owners wish to retire and move back to their family in their town of origin. The location offers both current local environment next to an extremely busy Coles supermarket and such a pleasant environment by the great Lake Macquarie foreshore, with holiday and daily visitors a plenty. Contact us for the latest information for this Critical Retail Business.

Property Details