Quirindi Newsagency - An incredible Investment Opportunity $95000+ SAV

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


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About the business

Quirindi Newsagency - An Incredible Investment Opportunity $95,000 + S.A.V.
Quirindi Newsagency has for the first time in 31 years been offered for sale. It is situated in the Central Retail part of the shopping precinct in Quirindi.
The newsagency is around 225 Sq. metres of excellent presentation with great figures and easily run with staff and two owners.
This business is priced to sell with a particularly good rental base for new owners. There is also an incredible opportunity to purchase, not only the current premises, but the whole complex of 4 adjoining buildings with an exceptional opportunity for an incredible return on investment in today's market.
The owner is happy to sell the newsagency with a new lease if so desired or talk about each individual opportunity or the complete package.
Location: Less than one hour to Tamworth which offers great rural intra and interstate transport facilities -Airport Buses and Rail Transport as well as all other major regional rural city offerings and yet its own community is self - sufficient -Can't get better than this!
Features include:
* Offer of a new lease or the incredible opportunity for the new owner to purchase a total package of Business and Building showing an incredible Return on Investment (R.O.I.).
* Lotto commissions of approx. $72k with UPGRADED Front Counter positioned in prime spot instore. Green Slips and Rail Tickets are an added bonus providing great services.
* Rent of $33,877 just $651.48 plus GST per week.
* Lotto and services pay the rent plus wages $1,353 p. w. incl. Super (2 owners working)
* Opens 5 and two half days per week. (Saturday and Sunday).
* A very solid community- based town with a population of over 3,000 people with many families. See Quick Stats census for all details.
Details for consideration for Purchaser:
* Could reduce operating times to easily save plenty. The owner hasn't changed the early morning opening leaving it optional for new owners.
* With a partnership of two working 35 to 40 hrs a week each and a reduction in shop hours there would be significantly more money.
* The reason for selling is both owners are involved daily with the busy "We Care" Disability Services near the newsagency.

Join the good life in regional country -style living forging a new life in business as well as in a place with a future.
Don't miss out on this great one - off opportunity.

For full details please fill out the Confidentiality Agreement and a Business Profile with financials will be emailed or mailed to you.
Know someone that could be interested in this?
Asking Price:
$95,000
Yearly Profit :

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Country

Australia

State

New South Wales

Suburb

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Postcode

2343

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Established on

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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.

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