SOLD: $500,000
Business Overview
With a consistent year-on-year revenue of over $1,000,000 and normalised net profit of circa $270,000, this opportunity won’t be on the market for long.
Run completely under management with an experienced team and solid processes in place, the business successfully operates with minimal owner involvement. The current owner who lives interstate is never required to step foot on the premises.
Recently renovated with an inviting modern fit-out, this Newsagency/Gift Shop offers a large range of products, including newspapers, magazines, cards, stationary, lotto, giftware, and much more.
The business is located in the prime position of a busy shopping centre in the growing region of Hunter NSW.
If you’re looking for a profitable under-management investment opportunity, don’t miss out and enquire today.
Features
Revenue of $1 Million +
EBITDA $300,000
Consistent Cashflow
Diverse Product Range
Excellent Location
Run Under Management
Financials
Revenue: $1,090,460
Gross Profit: $651,111
Wages incl Super: $197,027
Net Profit/EBITDA: $268,351
*Average of last 3 years