Listing status: Inactive

Payment not completed Reason: new listing

Burnley News - Newsagency Business For Sale

Industry: Home/Garden - Homewares/Hardware, Retail - Retail Home, Retail - Homeware/Hardware, Home/Garden - Homewares/Hardware, Retail - Retail Home, Retail - Homeware/Hardware | Listed by: Eden Deal Network

An exclusive opportunity to acquire a Victoria-based newsagency business with 30 years of trading history!


Key Strengths:

  • A business with over 30 years of business experience
  • Well established position in the market with long-standing and emerging customer base
  • Steady turnovers with scalable business acquisition with room for growth and development

About the business

Burnley News is a Victoria-based newsagency business with a lottery franchise that has been in operation for 30 years. The business is perfectly located in a busy intersection in the fast-growing area of Richmond, east of Melbourne. 
 
The business offers various services including newspapers, magazines, cards, stationary retail, drinks, Tatts lottery franchise, dry cleaning, parcel pick up and more. 
 
About the Opportunity
 
This is the perfect opportunity to acquire an established retail business, with a decorated history, in the bustling Richmond area. With a local population of approximately 23,000 people, which is only expected to rise with more apartments and units being built, and even businesses choosing Richmond as its home thanks to its emerging suburb status, this is a highly profitable opportunity not to be missed. 
 
Despite having the full advantage of an emerging customer base and befitting from a long-standing one, the business’s capture is not strictly limited to locals. Thanks largely to the support of the Melbourne train network, Richmond remains a major station for several train lines and the newsagency benefits highly from massive amounts of foot traffic on a daily basis.
 
With the current owners wanting to retire soon, they are looking for determined entrepreneurs who see the potential of the business, and its growing market, to take the business to its next growth stage or develop it as their own!
 
One of the current owners is willing to stay for two weeks post sale, to keep the new owners up to speed on systems and operations.
 
The asking price includes all fittings, fixtures, fridges, computers (equipped with POS and retail programs). Burnley News’ lease currently includes the shopfront and a two-bedroom residence at the back.
 
The shopfront has immense potential for further growth and revenue making opportunities, with either a revamp to a convenience store model or even converting the two-bedroom dwelling into a rental property - complete with a separate entrance and off-street parking. 

Key Features of the Business
 
  • A reputable Victorian business with over 30 years of experience
  • Consistent business demand and multiple revenue streams 
  • Long-standing and emerging customer base
  • Prime business location
  • A business with strong growth potential
  • Flexible lease agreement
 
Whether you are a first time business owner or an investor looking to expand your portfolio, this business has a lot of potential to offer! 
 
Do not miss out on this opportunity to be your own boss and grow a profitable Victorian business for years to come!
 
To organise a private conversation on how you can acquire this business, register your interest HERE
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Asking Price:

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Yearly Profit :

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Website

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Country

Australia

State

Victoria

Suburb

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Postcode

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Locality

Regional VIC

Established on
February 1951

Revenue

$Contact Advertiser

EBITDA

$Contact Advertiser

No. of employees

Lease period

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Stock


Advertiser Details
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Australia
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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