Prime Business HUGE Reduction now $180,000 + S.A.V.

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


Key Strengths:


About the business

Kendal Street Newsagency, Cowra is more than just a business making money it presents opportunity for growth. The newsagency is of excellent presentation emphasising the latest the Lott Generation One Retail Image with nothing to spend and a write off against excellent profits for the new owner.
The same owners of 11 years have provided excellent documentation of sales and performance from the Point of Sales System. The Business includes a Home Delivery and Subagent network for the local clientele. This has been included with no calculation for Goodwill so gives the new owners the benefit of this asset.
The latest 2016 Census shows Cowra's population was 12,460, and growing, as people see great benefit in the town and its amenities. Situated South West, only 1.10 minutes from Orange and located 1.15 minutes from Bathurst. Orange and Bathurst have commercial flights to Sydney and Bathurst has a university, offering high level tertiary education if required.
Outstanding Features include:
* The ability to have a choice of doing a home delivery service with customers visiting the store to pay accounts monthly OR not doing the home delivery and developing the excellent opportunity in retail only OR do both increasing customer relations with extra deals for delivery customers
* Lotto commissions of approx. 90k p.a. pays the proposed rent plus one full time staff and junior part time per week.
* The allowance of $80k p.a.(optional) for two owners doing 40 hrs. p. w. plus $51k surplus to total $131k resulting in a return for Goodwill of $180k of over 72% as a working investment.
* Opens 5 and two half days per week. (Saturday and Sunday).
Details for consideration:
Purchaser:
* With both partners working, the work arrangements could be re - shaped to suit.
* The current owners have not 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 with less staff and a few more hours from the owners.

Join the good life in Cowra where:
* You can be a part of the strong community and cater for their needs as well.
* This essential service provides just that, and the ability to satisfy whatever there is a demand for.

There are a few excellent opportunities for new owners to develop and take on and we are more than happy to discuss these with bona- fide purchasers.

Don't miss out -make your enquiry now by filling out the Confidentiality Agreement for full details and a Business Profile with current financials will be forwarded by email to you.
Know someone that could be interested in this?
Asking Price:
$180,000
Yearly Profit :

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Country

Australia

State

New South Wales

Suburb

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Postcode

2794

Locality

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Established on

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No. of employees

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Contact Details Verified

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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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