Hastings Street NewsXpress Noosa Heads

Price

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Profit *

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Sales Revenue

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Location

Sunshine Coast, Sunshine Coast Hinterland Region

Category

Retail

Listing #

11497

Sunshine Coast Hinterland Region Retail Business for Sale
Sunshine Coast Hinterland Region Retail Business for Sale

About this business for sale in Sunshine Coast, Sunshine Coast Hinterland Region

NewsXpress Noosa Heads, situated in Bay Village on Hastings Street would have to be one of Australia’s most sought after locations; this well established business has been operating for more than 30 years and has a loyal following of locals and holiday makers. This NewsXpress has consistently been turning over of more than $2million for many years and has provided the current owner of 7 years with an excellent lifestyle.

The store is exceptionally well presented with recent fit-out and shop upgrades, wide entrance and two counters for customer service and an additional Golden Casket counter. There is absolutely no work required to improve the store, the new owner could just walk in and start afresh.

The business boasts a steady income from: magazine & newspaper sales; book sales; Golden Casket tickets; Instant Scratches; beach toys & gear; postcards & greeting cards; cigarettes, books, stationery; gifts and children’s toys.

The residents of surrounding hotels and apartments (both residential & holiday), together with daily visitors to Noosa, provide a steady stream of customers who come through the shop on a daily basis buying newspapers, magazines and books to read at the pool or beach, as well as everyday convenience items including drinks, sun block and snacks and some Food & grocery items. There is a huge potential to broaden the range of products as there is also a big demand for beach items, toys and Lego.

The business is spacious 193 square metres, and with FOODWORKS closing down in Hastings Street has created a huge opportunity to develop part of the NewsXpress into a great Convenience Food store.

With a long lease in place (able to be reassigned to the successful buyer) makes this business opportunity an attractive alternative for someone wanting to escape the busy city life and become part of the local Noosa buzz and enjoy that holiday feeling all year round. When it’s quiet or between the many Noosa festivals and events, you can catch quick surf or escape along Hastings Street for a quick bite to eat at one of the many local cafes.

This is managed business that is easy and enjoyable to run, with excellent loyal staff in place, time has come for present owners to retire and will consider all offers presented.

Current owner will provide full assistance in training and transfer to the new buyer.

Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.

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For reasons of confidentiality a stock photo image may be used to represent the business for sale.

*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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