Plaza Newsagency Port Macquarie A Rare Purchase. Priced to sell $160k + S.A.V.

Plaza Newsagency Port Macquarie A Rare Purchase. Priced to sell $160k + S.A.V.

Preview Listing
Preview Listing
Preview Listing
Preview Listing
Preview Listing
Preview Listing
Preview Listing
Preview Listing
Preview Listing
Preview Listing

Location Details :

Country

Australia

State

New South Wales

City

Port Macquarie


Industry :
Retail - Newsagency/Tatts ;

Financial Details :

Revenue

--

EBITDA

--

EBITDA multiplier

-x

About the business

Wow! Latest figures, this newsagency in Port Macquarie shows the Lott commissions for the "BIG" the Lott jackpot week ending Thursday February 1 was $10,000 that was more than a thousand dollars a day for the 7 days GST free!

Port Macquarie needs no introduction as its popularity is well known as a family and tourist destination. The City of Port Macquarie and Hastings area is a little over eighty thousand with Town population of forty thousand.

It has an even age group spread from new born to 100-year-olds. The standard of housing and unit occupancy is excellent as are all the facilities such as University for those who wish to stay in Port after completing their schooling at one of the excellent high schools. Shopping standards have the nation's best as well as the boutique individual styles from independents. All of this plus an easy business to run with nothing to spend as the Lott latest fit out is complete and working a treat.

Current owners purchased the newsagency 19 years ago and have been through many changes both in business and with the growth and development within the town. Recent changes including Gifts and Souvenirs, complemented by the very good Henderson Card range, are showing very good growth in the total Social Expression area.
Lotteries net commissions of $169k p.a. or $3,200 per week earn a surplus that covers the full occupancy costs plus contributing over extra $2k per week. Commissions earned will increase with the new the Lott recent announcement of a commission rise to 12% which on current earnings will be an extra say $400 p. w. This would enable other products to be introduced, further developing the Social Expression, which is the fastest growing section with community - based Newsagencies today.
The Plaza Newsagency has the added benefit of tourism which we are informed by the owners, is the big growth area especially since COVID. The over 60-year-olds, the Grey Nomads, are caravanning and travelling by road, staying as long as they like and moving on, taking a small souvenir/gift or sending a postcard/gift to friends.
DISTRIBUTION:
The owners have engaged a separate part of their business by taking on most of Port Macquarie's DISTRIBUTION of newspaper home deliveries, offices, and Subagents.
They employ 2 staff to do this task 7 days a week and provide to the new owners two motor vehicles, hand wrap (all-inclusive in this very reasonable price) for the basic few NINE published products as News Corp pre plastic wrap and deliver to the newsagency this way daily. This saves an enormous amount of time and money, and the delivery preparation is conducted in the spare room at the rear of the store. Deliveries are a separate contract with publishers and can be sold with publisher approval or cancelled by giving the publishers 3 months' notice. It is therefore wise to take over this Distribution as it makes good money and decide what to do with this income stream once the new purchaser has control.
For further discussion review the Business Profile as well as contact us for more exciting possibilities with new opportunities for this store.: Graeme Day 0407 206 016 or Jacqueline Rossiter 0421 890 777.

profile
default

Talk to Brokers that know business

Business Brokers Network Australia is the largest Business Brokerage in Australia, with over 85 Business Brokers in all states of Australia in over 65 business locations.

Many BBNA Brokers are specialised in vertical markets, eg Medical, manufacturing, Accommodation, Legal, Hospitality etc. Many have spent years running or managing their own Businesses so have first hand knowledge on what makes businesses successful and unsuccessful. 

To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.

Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.

To have Certified Practicing Business Brokers that are also Registered Business Valuers, you have the opportunity to get excellent advice on how to increase the value of your business as a Seller or as a Buyer. This advice is also impatial, we see the mistakes that are made on a regular basis. You are free to use our advice or temper it with advice from your other advisors. Generally our advice is free in general areas or you can engage a Business Broker short term to use us as a sounding board to work with you on more specific requirements.

If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking. 

email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14

View other listings by this business

$160,000

Enquire about this business

Get In Touch :

Buying Advice :

Similar Listings

Seller

Howards Storage World - Southland - FOR SALE

Victoria,Australia

0 Views

Join Australia’s only national specialist retailer of storage and organisational products by acquiring Howards Storage World - Southland!

REVENUE

$0

PROFIT

$0

ASKING PRICE

$300000

ONGOING DEALS

0

Seller

Welcome to LeWrap - A Franchise You Can Be Proud Of! Looking For New Franchisees

New South Wales,Australia

5 Views

LeWrap: Freshness Emphasised, Simple System, Versatile Locations. 

REVENUE

Contact Advertiser

PROFIT

$0

ASKING PRICE

Contact Advertiser

ONGOING DEALS

0

Seller

Hair Salon - Hair boutique - Very low rent - Long established - Southern Highlands - CB1470

New South Wales,Australia

0 Views

Hair Salon - Hair boutique - Very low rent - Long established - Southern Highlands - CB1470

REVENUE

$0

PROFIT

$0

ASKING PRICE

$120000

ONGOING DEALS

0