If you can find a better-value news agency in NSW, we suggest that you buy it.
Located in NSW's fast-growing regional city, Queanbeyan, and situated in its busiest shopping centre, the Riverside Plaza, the Queanbeyan Paper Shop is the ideal business for those seeking executive income.
Rod, the current owner, has held it for 13 years and is now retiring to the South Coast. He has put in hours at an average of 60 per week, but the financial rewards have been great.
The owner's profits have averaged a touch over $200,000 for the last five years. Also, there is an excellent complement of staff that the business pays all on the books; the 2018 non-owner wages exceeded $150,000.
The business has employed drivers for the minimal deliveries it offers.
The value of the assets ($190,000) may well exceed the agreed sale price as Rod is keen to be down the South Coast enjoying 2019 with the sand between his toes.
There is about $150,000 in stock at value, which, with the appropriate security, may be provided with seller finance.
The lease is secure, and the rent plus outgoings and all contributions is a touch over $13,000 per month, which is entirely reasonable for the 152sqm the business occupies in Queanbeyan's premium centre.
So, if you're looking for a high profit, high-income, low stress, and established business offering seller finance on SAV, then the Queanbeyan Paper Shop is worth the inquiry.
If you have an interest in owning this dynamic newsagency please send your full name and contact number via email.
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Shop 36 Riverside Plaza, 131 Monaro Street, Queanbeyan, 2620 NSW
Lease commenced on: 27 February 2018
Lease expires on: 26th February 2023
Term of the lease: 5 years
Monthly rent (Inc. outgoings): $11719.98 plus promo contribution $473.60
Annual increases: 5%
Public Liability insurance: $20 million
SQM: 154 sq m2
Sale Status : Sold
Sale Method : Private Treaty
Investment Amount : $189,000 plus SAV
Stock at Value : $150,000.00
Finance Options :
0400 446 605