Business Overview
All offers considered - Submit your offer by 8th of May, 2024.
This Newsagency & Giftware Store produces an outstanding annual revenue of $2,140,726 (FY23) and a net profit of $276,569 (FY23).
Located in the Hunter region of NSW, the business can continue to be run under management by its highly skilled staff, or run by an owner-operator looking to leave the city and move to the beautiful Hunter region.
The business premises is positioned in an extremely busy location, which caters to a large amount of foot traffic and is easily accessible for its regular customers.
The business has strong revenue from lottery sales that keeps its long-term regular customers coming into the store. Additionally, it offers a large range of giftware and homeware products sold both in-store and online, which continues to rise.
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 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.
Features
EBITDA of 13% (FY23)
Run under management
Highly reliable and consistent gross profit
Rapidly growing population and demographic
Excellent location in a busy area
Financials
Revenue: $1,650,991
Other Income: $458,551
COGS: $956,850
Gross Profit: $694,141
Expenses: $1,078,338
Wages incl Super: $453,645
Add Backs: $171,031
Net Profit/EBITDA: $276,569
*Adjusted FY23 Financials
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"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
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.