Award Winning Newsagency – Est Over 60 Years!

AU$OFFERS
October 15, 2016

Description

* ALL REASONABLE OFFERS CONSIDERED *

Overview & Location
This amazing family owned business located in the heart of Ingham’s shopping precinct in the Hinchinbrook Shire has been in continuous operation for over 60 years!

Herbert River Newsagency is located at Shop 2/86-92 Herbert Street, Ingham and has been owned by the current vendor for 10 years. The business has many accolades including winner of ‘Queensland Best Newsagency’ for 2 years and runner up in the ‘Australian Newsagency of the Year’ Awards.

The newagency is ideally located at the front of the Hinchinbrook Central Shopping Centre and faces the main highway. Tenancies of the shopping centre include Woolworths, Subway, Cellabrations, Ingham Plaza Pharmacy, Galipo Midtown Meats, Snippers Hair Boutique, Hinchinbrook Health Care, QML Pathology, and more.

Products & Services
The business has a huge turnover of lotto and scratchies and also sells:

  • Stationery
  • School supplies
  • Books
  • Magazines
  • Newspapers
  • Business supplies
  • Gift lines
  • Cool drinks
  • Confectionery

There is no newspaper run which means no early morning starts and deliveries! The newsagency is also an agent for Ladbrokes and NParcel.

Hours & Employees
Herbert River Newsagency currently trades:

  • Monday:  5am – 5.30pm
  • Tuesday:  5am – 5.30pm
  • Wednesday:  5am – 5.30pm
  • Thursday:  5am – 6pm
  • Friday:  5am – 5.30pm
  • Saturday:  5am – 1pm
  • Sunday:  6am – 11am

The vendors share the hours between them and engage 1 full time store assistant and 1-2 juniors. A husband and wife team could easily cover the opening hours between then with little to no assistance from employees.

Areas of Competitive Edge
Herbert River Newsagency has many areas of competitive edge including:

  • Very well established store for over 60 years
  • Excellent reputation with good loyal repeat customer base
  • Easy to run business
  • Winner of various Queensland and Australia newsagency awards
  • State of the art computer system takes the hassle out of running the store
  • Ideal business for a husband and wife team or family
  • High profile position in Hinchinbrook Central facing the highway
  • Modern fitout is in excellent condition
  • ‘Back to School’ stationery orders are huge
  • No newspaper run means no super early mornings
  • Still room to expand into other areas

Price
This business was previously being sold for $190,000 plus stock at valuation (estimated at $60,000 – $70,000) (neg). The vendor is now considering ALL REASONABLE OFFERS.

Contact
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.beyond2000.com.au/confidentiality-agreement. Once we receive your details, we will email you the Sale Proposal for this business. Alternatively, contact:

  • Susan  Butler – 0419 905 463 on susan@beyond2000.com.au

Location