An exclusive opportunity to acquire a Victoria-based newsagency business with 30 years of trading history!
- A business with over 30 years of business experience
- Well established position in the market with long-standing and emerging customer base
- Steady turnovers with scalable business acquisition with room for growth and development
ABOUT THIS BUSINESS
Burnley News is a Victoria-based newsagency business with a lottery franchise that has been in operation for 30 years. The business is perfectly located in a busy intersection in the fast-growing area of Richmond, east of Melbourne. The business offers various services including newspapers, magazines, cards, stationary retail, drinks, Tatts lottery franchise, dry cleaning, parcel pick up and more.
About the Opportunity
This is the perfect opportunity to acquire an established retail business, with a decorated history, in the bustling Richmond area. With a local population of approximately 23,000 people, which is only expected to rise with more apartments and units being built, and even businesses choosing Richmond as its home thanks to its emerging suburb status, this is a highly profitable opportunity not to be missed.
Despite having the full advantage of an emerging customer base and befitting from a long-standing one, the business’s capture is not strictly limited to locals. Thanks largely to the support of the Melbourne train network, Richmond remains a major station for several train lines and the newsagency benefits highly from massive amounts of foot traffic on a daily basis.
With the current owners wanting to retire soon, they are looking for determined entrepreneurs who see the potential of the business, and its growing market, to take the business to its next growth stage or develop it as their own!
One of the current owners is willing to stay for two weeks post sale, to keep the new owners up to speed on systems and operations.
The asking price includes all fittings, fixtures, fridges, computers (equipped with POS and retail programs). Burnley News’ lease currently includes the shopfront and a two-bedroom residence at the back.
The shopfront has immense potential for further growth and revenue making opportunities, with either a revamp to a convenience store model or even converting the two-bedroom dwelling into a rental property – complete with a separate entrance and off-street parking.
Key Features of the Business
- A reputable Victorian business with over 30 years of experience
- Consistent business demand and multiple revenue streams
- Long-standing and emerging customer base
- Prime business location
- A business with strong growth potential
- Flexible lease agreement
Whether you are a first time business owner or an investor looking to expand your portfolio, this business has a lot of potential to offer! Do not miss out on this opportunity to be your own boss and grow a profitable Victorian business for years to come!
To organise a private conversation on how you can acquire this business, register your interest HERE.