Busy NSW Newsagency ABM ID #1836

  • Busy NSW Newsagency ABM ID #1836
This busy and full service newsagency is extremely well established, having occupied a space in the only shopping centre in Kiama for the past 25 years. Offering a massive product range, the business boasts an excellent turnover from magazines, newspapers, cards, stationery, phonecards, cigarettes, confectionery and of course, Lottery. This newsagency easily has the biggest Lottery turnover of all the newsagents in Kiama and because this attracts customers, there is a huge opportunity for up-selling. The business is currently run by a husband and wife team with some of the family helping out from time to time., mainly at weekends. It would definitely suit a family, owner / operator or couple and could easily be run with only two people. The current owners do have casual staff but this can be increased or decreased depending on how much or how little the new owners want to get involved. The Newsagent enjoys good local and return customers who come in weekly for their Lottery, newspapers and magazines. In addition to regular trade, the newsagent attracts many tourists and visitors to the area as it lies only one hour south of Sydney. It is particularly busy throughout school holiday periods which has a great impact on the overall turnover.

Market Conditions & CompetitionWhilst no real marketing is needed for this established business, the current owners pay $180 a month to the shopping centre in order to tap into this marketing plan. The shopping centre boasts speciality shops, chemist, bakery, coffee shops, BWS, Woolworths, Telstra store and many more. The business is also a member of the Newsagents Association of NSW.

Financial SummaryN/A

Training & SupportN/A

Reason for SellingN/A

Location State: New South Wales Category Newsagency

Weekly Revenue$0 Monthly Revenue$0 Annual RevenueN/A

Contact PersonLeeanne Price$395000 Year Established25 years ago

Phone07 3106 3811 Cashflow$N/A Employees2

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