Nextra Annandale Newsagency & Lotto

AU$45,000
November 16, 2018

Description

Business Overview
Nextra Annandale is a fully managed newsagency located within the Annandale Central Shopping Centre on the corner of MacArthur and University Drive, Annandale. The business has been established since the Centre’s opening and owned by the current vendor since July 2016.

Nextra Annandale sells Lotto, magazines, stationery, newspapers, gifts, greeting cards, confectionery, gifts, and is a Community Postal Agent for Australis Post.

Annandale Central
Approximately 10 kilometres from the Townsville CBD, Annandale Central is conveniently positioned with Bruce Highway frontage and opposite the Lavarack Army Barracks, and has easily level access to all shops. The Centre is anchored by a Coles supermarket and 14+ specialty stores, including:

  • Coles
  • Cellarbrations
  • Brumby’s Bakery
  • Chemmart Pharmacy
  • Lenards Chicken
  • Angelina’s Fine Food
  • Annandale Sushi
  • Daisy Maisy Flowers
  • Tracie’s Hair & Beauty
  • Vietnamese Corner
  • Dollars & Sense Discount Variety Store

Employees & Trading Hours
The vendor does not live in Townsville and the employees manage the business on her behalf. The following employees are engaged:

  • 1 x full time assistant
  • 3 x senior assistants (10 – 15 hours each per week)
  • 3 x juniors assistants (6 hours each per week)

Current trading hours are:

  • Monday – Wednesday: 6am – 6pm
  • Thursday: 6am – 7pm
  • Friday: 6am – 6pm
  • Saturday: 6am – 5pm
  • Sunday: 9am – 3pm

Areas of Competitive Edge
Many areas of competitive edge exist including:

  • Very well established newsagency
  • Business is managed by employees
  • Part of the Nextra group which includes national advertising
  • 2018 turnover was $2.2 million including $1.6 million in Lotto
  • Fantastic markups on magazines, gifts, stationery and cards
  • Community Postal Agent for Australia Post
  • Ideal business for a couple or family
  • Good position within Annandale Central
  • Well established social media presence on Facebook and Instagram
  • Would be a great location for a cigarette retailer such as TSG or Cignall

Business Price
Nextra Annandale is being sold for $45,000 plus stock at valuation (estimated at $50,000).

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 or susan@beyond2000.com.au
  • Margaret Butler – 0419 664 349 or margaret@beyond2000.com.au

Location