Business Display

Cessnock, New South Wales

Busy Newsagency in CBD Shopping Centre – Cessnock

Offers around $400,000 + stock
Listing ID: 116

BUSINESS DESCRIPTION

Turnover $2.5 million including Lotto sales

Newsagencies in busy CBD locations always do very well and this one is a prime example. Established for nearly 10 years, and offering an excellent lease, you’ll want to check out this opportunity.

Business highlights
Opened in 2009 – moved to new premises in September 2017
Prime CBD location in the newly refurbished Lederer Centre, formerly known as Cessnock Plaza
Plenty of parking and next door to Woolworths
No other newsagent or lotteries agent within the CBD
Attractive store layout with diverse range of products
Services include NSW Lotteries and Instant Scratch-Its, magazines, newspapers, gift cards, giftware, greeting cards, wrapping paper and stationary
Large loyal customer base made up of 80% locals and 20% walk-ins from the tourist industry (vineyard concerts, weddings etc)
Sale includes shop fittings, POS PCs, shelving, NSW Lotteries counter with updated retailers image, 2 Digipos screens and more
No deliveries
Almost 4 years left on current lease with an option to extend for another 3 years
Trading 7 days: Mon/Tues/Wed/Fri 7am-6pm; Thursday 7am-7pm; Saturday 7am-4pm, and Sunday 7am-2pm
Buyer would need to apply to NSW Lotteries and receive training from them once the application is approved
All training can be provided with a team of staff happy to stay on if needed
Owner retiring

Price: Offers around $400,000 plus stock

BUSINESS FEATURES


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Cessnock, New South Wales