Multi Store Newsagency
Multi store newsagency business in Australia’s sunshine and lifestyle capital
Located in a major regional city in North Queensland this lucrative investment opportunity includes two highly successful newsagencies, a commercial and adjoining residential freehold properties. Positioned just off the magnificent Queensland coast it provides a complete business and lifestyle solution in one of Australia’s most liveable regions.
The first of the two agencies has been operating for in excess of 50 years. Positioned on the main street of a city the 138sqm shop comes with an established clientele and is well known and regarded locally.
It sells a wide selection of newsagency and associated products ranging from the standard newspapers, magazines and stationery, through to gambling products and ink & toner cartridges. Capable of offering ink & toner cartridges at reduced prices the business receives orders from throughout Queensland.
At the back of the store is a comfortable 3-bedroom cottage – a perfect first home for the new owner or it can be rented out for additional income.
The second store (150sqm) is leased an d has been operating for 15 years, enjoying an excellent location in the CITY’s largest shopping centre. It continues to benefit from a comprehensive renovation and is positioned directly opposite the centre’s major supermarket.
The newsagencies are two of only three servicing the city and surrounding area giving the new owner instant local dominance. They are linked electronically making it more convenient for maintaining a common record keeping system and for customers to access accounts at either shop with ease.
The distribution aspect of the business combines the delivery runs for both newsagencies. It covers a large region with 14 sub agents and 8 schools it contributes significantly to the business’s overall profitability and income. Combined with its retail operation, the business generates $5 million turnover.
In terms of long term prospects the local economy continues to benefit from strong beef, mining, education and tourism industries. With the city expanding year by year the newagencies are well placed to capitalise.
If you’re looking for a fabulous regional lifestyle in a sun soaked setting, this city will not disappoint. Set 300m above sea level the city avoids the humidity and higher temperatures of the coastline while still basking in the glorious Queensland sun. The nearby dam, Australia’s largest, is perfect for a spot of boating, or simply take the drive to the nearby coast and explore its beaches, parks and the Great Barrier Reef beyond.