Mooney News & Lotto – Townsville

AU$UNDERCONTRACT
May 7, 2021

Description

Business Overview
Mooney News & Lotto has been a very popular newsagency in this prime location for many decades. The business is situated at 86 Mooney Street, Gulliver in a busy complex of shops with ample off street car parking.

The vendors purchased the business 4 years ago and have built the largest magazine distributorship in Townsville to 25 sub-agencies including convenience stores, IGA supermarkets and service stations. The retail side of the business offers a broad range of typical newsagent products – newspapers, magazines, stationery, calendars, art supplies, school supplies, plus a good selection of gifts. They are also the largest supplier of darts in North Queensland.

The business traded strongly throughout the Covid-19 pandemic with 2020 revenue up on the previous year and current figures showing a good return on investment.

Employees & Business Hours
One vendor works full time in the business and the other vendor works 12 hours in the business. One casual employee is engaged for 21 hours per week. The business trades 7 days a week:

  • Monday to Friday: 5.30am – 5.30pm
  • Saturday: 6.00am – 1.00pm
  • Sunday: 6.00am – 12.00pm

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

  • Very well established newsagency for many decades
  • Ideal corner location in a busy complex of shops
  • High profile position with good exposure
  • Lotto sales are over $1 million per annum
  • Largest magazine distributorship in Townsville to 25 sub-agencies
  • Largest supplier of darts in North Queensland
  • Profitable and proven business
  • Traded strongly during Covid-19 pandemic
  • Affordable rent
  • Ample off-street parking directly in front of business
  • Easy business to run
  • Would suit a solo operator or a couple
  • Optional extra: Sign written delivery vehicle ($18,000)

Business Price
Mooney News & Lotto is being sold on a walk in walk out basis for $135,000 (neg).

Confidentiality Agreement
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.

Business Broker
Susan Butler – 0419 905 463
susan@beyond2000.com.au