Exceptional retail investment that has years and years of proven history. The business is a key tenant in a prime position in Newcastle's biggest shopping centre – which is currently undergoing a huge extension and bringing in big and exciting new tenants.
The financials for 2014 show over $2.2 M in sales and $361,000 adjusted net profit if run by a working couple.
Mind you the business is currently being run by managers with the semi retired owners not involved other than some administration.
The store has an up to date quality fit out and making big margins through trade show selected gift lines which well supports the core products such as lotto, papers and magazines.
This business has adapted perfectly to industry change and is the exclusive newsagency in the centre and suburb.
Broker: Stuart McLachlan
For more information about this business or complete an online confidentiality agreement visit this business at: http://www.linkbusiness.com.au/13390
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
*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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