Ipswitch 30 years Long History Newsagent with potential for Sale $180,000+stock

11 days ago

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Summary

Long History of 30 years stable income potental of selling tobacco reasonable rent with a good lease

Net Profit

$120,000 pa

Location Details

Located in a busy shopping center

Potential

Add selling tobacco

Skills

customer service skills
business skills
communication skills

Hours

Monday Tuesday Wednesday Friday 8:30am to 5:30pm
Thursday 8:30am to 7:30pm
Saturday 8am to 4pm
Sunday 9am to 2pm

Lease

Expiry in March 2026 + 5 years options

Employees

1 full tiime + 6 casual staff + two owners

Reason for Sale

Retirement

About the Business

The business is situated in a busy shopping center in Ipswitch .

The owner has been succesfully operating the business for 30 years, built up very stable customer database.

Trading hours:
Monday Tuesday Wednesday Friday 8:30am to 5:30pm
Thursday 8:30am to 7:30pm
Saturday 8am to 4pm
Sunday 9am to 2pm

Selling: lottery, stationary, gift ware, magazine, newspager

Potenial : add sellling tobacco

Staff: 1 full time
6 casual
Owners, a couple works 15 hours per person

Rent Base rent $11633.21 +GST per month

outgoing $2398.42 +GST per month

Lease expiry March 2026

The center offered a 5 years options

Shop size 150 square meters

Net profit ia approx $120,000 a year inclusive owners' wages of 30 hours a week

History

30 years history

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