Listing status: Inactive
Reason: --
Newsagency in Popular Coastal Location
Newsagency in Popular Coastal Location
Industry :
ProfessionalSub Industry :
BrokerageAbout the business
- Price $79,000 + SAV
- Revenue Yearly $275,000 +
- Revenue Per Week $5,344 +
- Adjusted Annual Profits $22,700 +
- Rent Monthly $2,987
- Lease Options 3 X 3 X 3 (negotiable)
Looking for a sea change? Priced to sell. The location shots spell it out.
Situated in beautiful and popular Merewether, just 100 metres from the beach is a rare opportunity to own your very own Newsagency business, which has been servicing the local community for over 90 years. The iconic Merewether Beach is home to the international surfing competition, Surfest and the largest Ocean Baths in the Southern Hemisphere. Merewether is located just 3 kilometres from the Newcastle CBD.
Currently one owner works in the shop, with a casual staff member working 2 days per week (approximately 16 hours), one weekday morning and a Sunday. To lessen the owners' hours, the casual staff member could potentially take on additional hours.
Opening hours are as follows:
* Monday to Friday 6am-5pm
* Saturday 6am-12pm
* Sunday 6am-10am
The business is located adjacent to school bus stops, with students from 4-5 local schools making up a good part of sales for confectionary, beverages, stationery, and magazines. Most of the customer base are very long-term and repeat, with many families being serviced by the Newsagency for generations.
The business currently offers the local community the following:
* Lotteries
* Latest magazines
* Online currency - including bitcoin and coin spot
* Stationery
* Newspapers
* Confectionery
* Beverages
* Soda-stream service
* Parcel collection point for various companies
* Plus, plenty more!
This business comes fully equipped with all the required equipment, including an office, safe, computers, security systems and much more.
The premises include a large room that is used for storage, which could easily be used to expand the business to offer additional services, such as hot food, fresh sandwiches, and coffee, or perhaps an internet hub. There is also the potential to rent out the room as a bed sit, as the premises also includes a full indoor bathroom.
The owners are ready to retire after running the business for over 11 years. They are offering to assist the new owners in attaining the relevant licenses as well as handover training.
Contact Dani Rifai for a discussion on 0411 870 977, or email dani@bagents.com.au, or click on the link provided (Licence Number 10064471).
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
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$79,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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