Bang for your Buck, own this Newsagency in exclusive Griffith

Business Details

There are four reasons you should enquire into Macka’s Newsagency today:

1.The seller is highly motivated and ready to part with the business after 10 years of trade.
2.The business is positioned in the exclusive inner-south suburb or Griffith.
3.There is a loyal customer base.
4.Turnover is a touch under $1 million.

Many important historical events occurred in the 1960s: the Cuban Missile Crisis, The Moon landing, the formation of the Beatles and the establishment of Griffith Newsagency. The business has once again come on the market after a decade of successful trade as Macka’s Newagency.

While having been around for almost forever, Macka’s News has consistently enjoyed stable business from Griffith and the surrounds, with a loyal, long term and committed clientele. The secret of Macka’s success has been its simple yet effective business model: Freshly printed Newspapers, Magazines, Lotto tickets, lollies, Smokes and friendly customer service.
You do not need endless qualifications but you do need to be ready to serve and assist Macka’s frequent customers with a smile.

Griffith Newsagency holds a position second to none in the centre of the exclusive Canberra suburb of Griffith, where average incomes are around $104,000 p.a. (Tax Stats). This means that the Griffith locals have large disposable incomes, being some of the highest in Canberra.

On top of this, rent is very reasonably priced at $6,118.71 including GST.

This business provides bang for your buck with a fit-out (POS and systems included) ready to go, an exclusive position, very fair rent, a built up customer base and strong turnover.

Don’t Delay! Enquire today!

To express your interest and receive our full Business Information Package (BIP), please email - sales@capitalcommercial.com.au - with your full name, contact number and stating that you would like to receive further information about this business. We will then email you the deed of confidentiality, which once completed will enable us to email you the BIP and supporting documents.

Thank you on behalf of the team at Capital Commercial Business Sales.

Financial Snapshot

Reporting Period 2016 Weekly Average 2015 Weekly Average 2014 Weekly Average
Sales $1,856,737.00 $35,706.48 $2,099,292.00$40,371.00 $2,113,872.00 $40,651.38
PEBITDA $107,551.00 $2,068.29 $121,472.00$2,336.00 $157,731.00 $3,033.29
Gross Profit $387,456.00 $7,451.08 $377,646.00$7,262.42 $423,862.00 $8,151.19
Rent $92,239.00 $1,773.83 $96,285.00$1,851.63 $89,863.00 $1,728.13
Wages and salary $62,123.00 $1,194.67 $62,229.00$1,196.71 $52,870.00 $1,016.73
Advertising $1,638.00 $31.50 $382.00$7.35 $1,913.00 $36.79

Business Summary

Canberra, Australian Capital Territory
Newsagents.

• Premises: Area 7 on Sub-leasing Plan 1063 Block 20 Section Division of Griffith
• Commencement: 01/04/2013
• Termination: 31/03/2018
• Term of the lease: 5 years
• Option: 5 years
• Annual Rent: $66,509.88 (including GST)
• Base Year: Year ending 30 June 2007
• Monthly rent: $6,118.71 (GST Inclusive)
• Rent review: CPI increase
• Bank Guarantee: An amount equal to 3 months Annual Rent plus GST from time to time, initially in the sum of $16,627.47
• Public liability insurance: $10,000,000
• Tenant’s Proportion of Outgoings: 36% of the increase in Outgoing above the Base Year
• Approx. 116.22m2

Owner made drawings from the profits of the business, approximately $59,347.70 before tax. The owners also drew $25,000 in superannuation from the business. The owner contributed 50hrs/week and Wife - 9 hrs/week to the business. The owner works full time, and his wife works on Saturday. The Newsagency employs 6 casual staff who cover all opening hours Sun Fri and 4 hours on a Saturday.
73:45 hours
Owner operator, includes license/franchise agreements (NSW Lottery, Australia Post, Tobacco)

Enquire Now

Sales Summary

Sale Status : Under Offer

Sale Method : Private Treaty

Investment Amount : $139,950

Stock at Value : $100,000.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au