Newsagency in Desirable North Shore Location

Industry: Professional - Brokerage, Professional - Property/Real Estate, Professional - Brokerage, Professional - Property/Real Estate | Listed by: Business Brokers Network Australia


Key Strengths:


About the business

About the Business
Price $279,000 + SAV

Revenue $608,000 +
Revenue Per Week $11,690 +
Adjusted Annual Profits $103,000 +
Weekly Profits $1,980 +
Rent $753 P.W.

Dreaming of Having it all?
Situated on the Upper North Shore of Sydney on a bustling main road, and only meters from the train station is a rare opportunity to own your very own Newsagency.

With both the CBD and pristine northern beaches only a short drive away, this business location allows you to have it all.

The business comes with a loyal customer base and a work life balance that most can only dream of.

This sort of opportunity does not come around very often.

The business currently offers the local community the following:

* Lotteries
* Latest magazines
* Newspapers
* Postal Pickup
* Tobacco
* Confectionary
* Precious gifts
* Gift Cards
* Plenty more

The business comes fully equipped with all the required equipment, including an office, safe, computers, security systems and much more.

The owners are selling after running the newsagency for many years which has put them in a financial position to retire. They are offering to assist the new owners in attaining the relevant licenses as well as handover training.

For further information, please contact Dani Rifai.
Know someone that could be interested in this?
Asking Price:
$279,000
Yearly Profit :

----


Country

Australia

State

New South Wales

Suburb

----


Postcode

2077

Locality

----

Established on

Contact the business


Revenue

----

EBITDA

----

No. of employees

----

Lease period

----


Stock

----


Contact Details Verified

Email Broker Verified

Advertiser Details
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

Need finance support?

We offer tailored financing options that work for you to get the deal done.

Free business valuation

Know if you're paying too much for this business or if it’s right on the money.

success

Success!

Form has been submitted successfully and a representative will get touch with you