PRICE
By Negotiation

OPPORTUNITY
The sale of the business represents a opportunity for a motivated buyer to acquire an established newsagency business with a strong return to the owner-operator. Located in the south of Brisbane, the business is well positioned to take advantage of the expected future growth in the area. Ideal for an existing newsagency operator seeking an expansion opportunity or a pro-active buyer ready to operate and build their own newsagency business.

OPERATIONAL
The business currently operates 7 days per week and has 1 full-time employee and 3 casual employees in addition to the two owner-operators. The business has a paper run in the area and a number of sub-agents. The business offers a wide range of goods and services including newspapers, Golden Casket, Gold Lotto, Instant Scratchits, and is a dry cleaning and Western Union agent. Computerlink software is used for the point of sale system and for the delivery run.

FINANCIAL DETAILS

Sales Revenue (approx)
$1,165,689 (2007/08) (includes commissions)

Return to owner (before tax)
$259,280 (2007/08)
(Based on a couple working 90 hours per week)

Gross Wages (including super)
$90,805 (2007/08)
(excluding owners)

Stock at value (approx)
$75,000

GENERAL DETAILS

Trading hours:
6:00am – 6:00pm Mon to Wed and Fri
6:00am – 6:30pm Thurs
6:00am – 5:00pm Sat
6:00am – 1:00pm Sunday

Employees:
1 full-time employee
3 casual employees
(excluding the owners)
2 owners work in the business for a total of
approx 60 hours per week.

Premises:
Located in busy shopping centre on the Southside of Brisbane.
Anchor tenant: Super IGA

Lease:
Commenced: 15 November 2005
Term: 7 years
Option: 7 years

For further information please contact Laurent Corgnet at lcorgnet@ljhc.com.au