Overview
We are excited to present a rare opportunity for you to acquire a thriving and Long-established Asian Convenience Store with Brand-New Newsagency/Lottery business situated in a prime location with outstanding accessibility. By taking the reins of this well-known business, you will inherit a loyal customer base, a large and diverse product range, and extraordinary growth potential. Don't miss this exceptional chance to enter the highly sought-after newsagency industry with a solid foundation. Reach out to us for more information and embark on a rewarding journey in the world of newsagency.
Highlights Features:
* Well-appointed Facility: The 114 sqm store includes a 10 sqm Cool Room and 20 sqm storage room, and is outfitted with display cabinets, refrigerators, and freezers, in addition to a brand new lottery billboard display, eliminating the need for further investment.
* Premium Location: Nestled in a bustling shopping and entertainment street - The Spot - in Sydney's esteemed Eastern Suburbs, this establishment enjoys the advantage of high pedestrian flow and a lively environment.
* Dedicated Customer Base: With two decades of service, the supermarket has garnered a robust reputation and amassed a multitude of devoted customers.
* Broad Product Assortment: The newsagency not only carries an extensive range of newspapers, magazines, books, stationery, and sweets but also a wide variety of Asian groceries, serving the diverse needs of numerous customers.
* Impressive Turnover: The area's balanced demographics and the escalating demand for Asian food products among young households contribute to a high turnover rate with a profit margin of 30-38%. The lottery commission amounts to approximately 10.5% of the sales revenue.
* Skilled Team: The Newsagency and supermarket are backed by a seasoned team of employees, some of whom have been there since its foundation, providing substantial support for incoming owners.
* No Prior Experience Needed: All-encompassing training and support will be given, along with the help of seasoned staff, ensuring a seamless transition for the new proprietors.
* Ideal for 188a Visa Investors: This business satisfies the prerequisites for 188a visa investors, offering a secure and profitable venture.
* Training and support: Vendor offer extensive business training to help you master newsagency management in no time.
* Low operating costs;Newly upgraded Lottery section, nothing to spend;
* Social media accounts included in the sale;
* Attractive rent: Approximately $4,713+gst per MONTH; Includes outgoings;
Potential
* Customization: Tailor the newsagency's services to cater to local market demands, introduce new products and services, and organize special promotions to enhance customer satisfaction and boost revenue.
* Growth potential: With a booming retail market in the region, this newsagency offers vast opportunities for expanding your clientele and increasing the value of your business.
* Expansion: Consider enlarging the newsagency's space or opening additional branches to serve a larger customer base.
* Brand development: Continuously enhance the newsagency's brand image and recognition to attract more business opportunities and foster long-term growth.
Trading Hours
Open 7 days a week, 6:30am to 6:30pm.
Lease
5+3+3 years lease from Feb 2019 ; Fixed 2.5% annual rent increase; 2 months bond.
Rent : Approxi. $1,088+gst per week
Owner operating
For those with a vision, this business offers incredible opportunities for expansion and the introduction of new concepts. For further information or to inspect the business, please email the broker for an NDA form or contact Jeffrey Lei at 0405888800.
IMPORTANT: The agency does not verify the accuracy of the information. Buyers are responsible for conducting their own due-diligence. We may call or contact/Whatsapp you if you enquire about the business. Interested buyers may be requested to register and complete a Non-Disclosure Agreement. All images are for illustration purposes only and may NOT reflect the business in any way
