Bribie Island Newsagency For Sale

Business description

Idyllic island lifestyle with a population cap of app 25,000 in newly redeveloped centre and only 45 mins to Brisbane CBD and Airport

Second largest shopping centre on the island with considerable growth occurring in the immediate catchment area with a further 2,000+ homes to be built over the next few years throughout the golf course and harbor/canal estates.

Shop has a new fitout and showed solid growth in general sales of 15%+ pa and lotto of 19%+ pa during the 2010 financial year following the centre redevlopment. 2011 have remained stable and this shop is showing a consistent 'real' return of app $180K pa to a working couple, or over $225K pa to a working family, highlighting the stability of the business in uncertain times.

Current lines include Lotto (and scratchies), Newspapers, Magazines, Cards, Books, Stationery, Darrel Lea, Tobacco, Gifts - Toys and Mobile Recharge. Considerable opportunity exists to expand existing product lines through targeted marketing and promotion to capitalise on a strong and loyal customer base.

Shop Size 132sqm, Lease terms are 5 x 5 x 5 with a full market review scheduled in June 2011 - Negotiations regarding this are continuing, however a material reduction in rental is expected, thus further increasing returns. - expected to increase return to owners by $20K min.

Same owners last 6 years, however other business interests mean this business is now available for sale. This is a great opportunity to live in a great location, with a loyal and welcoming customer base in an expanding area.

Why not make the sea change today - you won't regret it (we have not)

Property information

Real Estate:

Lease

Lease terms:

5 x 5 x 5 (commenced July 2009) - 12.5 years remaining
Market review due at end of year 2 (still under negotiations)

Leasehold rent:

$350 psqm per sq ft per annum

Location:

Newly redeveloped shopping/convienance centre located in the heart of Banksia Beach comprising 16 speciality shops, with the anchor tennat being a Cornett;s Super IGA (2,700 SQM). Other shops include Medical Centre, Discount Drug Store, Liquorland, Butcher, Bakery and Takeaway

Premises details:

The shop size is 132 sqm

Business Operation

Expansion potential:

Expanded stationary sales is available through targeted mailling, Targeted Back to School (local primary school has close to 1,000 students) offerings (ave book pack size $150)

Competition / Market:

Located 3KM from the main shopping centre, strong and loyal customer base

Reasons for selling:

Other business interests, and after 6 years its time for a change

Trading hours:

Current trading hours are:
6.00am - 5.30pm Mon - Fri
6.00am - 5.00pm Sat
6.00am - 12.00noon Sun

Employees:

Owners, 1.5 - 2.0 casuals and a contracted delivery run

Years established:

20 years

Other information

Support & training:

Current owners will NOT be leaving the island, and will provide full training and ongoing support as required - your success is our success

Furniture / Fixtures value:

$200,000 (included in the asking price)

Inventory / Stock value:

$80,000