2022 Net Profit $80,159 / 2023 Net Profit (6-months) $67,667
Established for over 20 years in the growing and popular South Brisbane region, this newsagency presents a good investment opportunity for those looking for a solid business with a loyal customer base.
Strong lotto sales are a valuable asset for this newsagency, plus it acts as a preferred lotto training centre for new lotto staff from other newsagencies. This is a steady source of extra revenue that is not dependent on local sales.
The business also enjoys extra revenue streams by selling pool supplies, giftware, magazines, newspapers, stationery, cigarettes and snacks.
With loyal and long-standing staff in place, the business is well-established and runs smoothly. The current owner only works a 40 hour week, which is uncommon for the newsagency industry.
Simple systems and procedures in place and user-friendly software ensures efficient operation of this business.
Asking Price: $169,000 plus SAV ($35k)
A Confidentiality Agreement must be completed before further information will be disclosed. Please complete an online confidentiality agreement at https://linkbusiness.com.au/GC00904 and click on the ENQUIRE NOW button. For full details contact Myron Plumb
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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