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$750,000 | Highly Profitable Newsagent & Giftware Store For Sale

For Sale: $750,000 + SAV





Business Overview

On the market for the first time, this is the perfect opportunity for a savvy investor who is looking to purchase a highly profitable business run under management. The Newsagency & Giftware Store is producing an outstanding annual net profit of circa $310,000 and therefore will not stay on the market for long.


Located in the Hunter region of NSW, the business caters to both locals and tourists alike. With over 40 years of successful trade, this business has continued to thrive over the last 4 decades, and as the population continues to grow in the region, the business is primed to continue its success for years to come.


The business offers a range of giftware and homeware products sold both in-store and online, which has increased by 79% in the most recent financial year. This business has strong revenue from lottery sales that keeps long-term regular customers coming into the store.


The owners are selling due to retirement and are seeking a successor to this highly profitable business.


The new owner will not require specialist skills and can either be a hands-off investor or an owner-operator.


This perfect investment opportunity will not stay on the market long.


Features

  • EBITDA of 14% (Average of last 3 Financial Years)

  • Under management and simple to replace outgoing owners

  • Highly reliable and consistent gross profit

  • Rapidly growing population and demographic

  • Excellent location in a busy area

Financials

  • Revenue: $2,295,583

  • COGS: $1,109,222

  • Gross Profit: $1,186,361

  • Wages: $307,952

  • Net Profit/EBITDA: $310,812



Buying a business is easy with MYBIZSALE


"We understand that as every business is different, so is every buyer. Ask your broker about the information that the Vendor will make available as part of due diligence, so you know what to expect at the beginning of the process."


Harley Stibbard

Advisor

Licensed Business Broker


e:  harley@vbaaustralia.com.au

m: 0419 774 402

t:   (02) 8923 2632



The Purchaser is responsible for conducting their own investigations in relation to this business and MYBIZSALE does not warrant the accuracy of any information contained in this business.