On the market for the first time, this is the perfect opportunity for a savvy investor who is looking to purchase a highly profitable business run under management. The Newsagency & Giftware Store is producing an outstanding annual net profit of circa $310,000 and therefore will not stay on the market for long.
Located in the Hunter region of NSW, the business caters to both locals and tourists alike. With over 40 years of successful trade, this business has continued to thrive over the last 4 decades, and as the population continues to grow in the region, the business is primed to continue its success for years to come.
The business offers a range of giftware and homeware products sold both in-store and online, which has increased by 79% in the most recent financial year. This business has strong revenue from lottery sales that keeps long-term regular customers coming into the store.
The owners are selling due to retirement and are seeking a successor to this highly profitable business.
The new owner will not require specialist skills and can either be a hands-off investor or an owner-operator.
This perfect investment opportunity will not stay on the market long.
EBITDA of 14% (Average of last 3 Financial Years)
Under management and simple to replace outgoing owners
Highly reliable and consistent gross profit
Rapidly growing population and demographic
Excellent location in a busy area
Gross Profit: $1,186,361
Net Profit/EBITDA: $310,812
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