Business ID: XB159779
TURNOVER $2.5M+ STRONG PROFITABILITY WITH EXCELLENT GROWTH POTENTIAL
This independent newsagency and giftware store has been revitalized under new ownership, transforming it into a modern, attractive retail outlet that resonates with the local community.
Since taking over, the current owners have revitalized the business, driving substantial financial growth by transforming the product range. They've strategically introduced high-demand, fast-turnaround items that perfectly align with the tastes and needs of the local community, creating a vibrant and profitable retail environment.
Key Highlights:
- Rebranded for Success: Formerly known as "NewsXpress Sandgate," the business was rebranded as "Sandgate News & Gifts" after dropping the franchise, eliminating unnecessary fees and providing greater operational flexibility.
- Prime Location: Located in the bustling Woolworths complex in Sandgate, with excellent foot traffic and a strong tenancy mix.
- Experienced and Capable Staff: The business is supported by three full-time staff members, with additional assistance from two junior staff members who help over weekends and during the busy December period, ensuring smooth operations with minimal input required from the owners.
- Enhanced Profitability: Strategic changes to the product offerings have led to improved profitability, and the business continues to show strong potential for further growth, especially through expanding giftware offerings and exploring online sales.
- Outstanding Lotto Sales: The store enjoys excellent yearly lotto sales, consistently ranking in the top 25% of all lotto outlets in Queensland, with fantastic support from The Lott group, further contributing to its strong revenue streams.
- Hands-On Landlord: The business has three years remaining on its five-year lease, with a supportive and engaged landlord.
- Work-Life Balance: The current owners enjoy a balanced lifestyle, with minimal involvement in daily operations.
The owners are willing to remain involved for 2 weeks, ensuring a smooth transition period.
PRICE: $300,000 + SAV (Stock at Value, estimated at $75,000)
Property Code: 4063
