Summary
The York Newsagency is located in the heart of York. Family owned for 13 years. Strong Lotto and Retail sales. Up to date POS system Ideal for a couple or partnership. A great tree change
Revenue
$305,000 pa
Rent
$18,200 pa
Expenses
$175,000 pa
Net Profit
$130,000 pa
Location Details
106 Avon Tce
The York Newsagency is located in the middle of the main st of York, the major retail precinct of this lovely country town. Right next door to art shops and the town bakery.
York is a buzzing rural town located just an 1 1/2 hr from Perth.
Potential
Opportunities to increase Lotterywest sales through sales tracking, online promoting and staff training.
Planning in place to update the website to feature online sales for stationery, ink cartridges and Back to School Lists.
Currrently the Newsagency provides Back to School stationery for the local school but there is an opportunity to increase this with 2 other surrounding schools.
The current owners each work part time in the shop, there is potential to earn more by working more hours and cutting down on staff expenses.
Skills
Basic computer skills would be required. Lotterywest provide great support and training so do POS solutions for the POS programme used within the shop.
Great people skills and a sense of humour also a requirement.
Owners are also happy to provide a few weeks in handover and ongoing support if required.
Hours
Mon-Fri 7.30am-5.00pm
Sat-7.30am-12.30pm
Sun-9am-12pm
Lease
There is a 5 year lease with very reasonable rent for the main st of York, with an option to extend for another 5 years.
Employees
The Newsagency is currently staffed with 3 casual retail assistants, 1 junior casual retail assistant and 2 casual newspaper delivery drivers (who deliver on alternate weeks)
Reason for Sale
We have owned and operated the Newsagency for 13 years. One of the partners would like to retire. We feel like it is a great opportunity for someone to inject some new and fresh ideas into the business.
About the Business
The York Newsagency is a heart warming business to own and run, located in the main st. If you are looking for a tree change not too far from the city then this is your opportunity.
York is charming country town, where this business, the York Newsagency, has been located in the same building since 1907!
If you are looking for a solid, self sustaining investment then this is it.
All of our customers are friendly and supportive, they want businesses to thrive in York.
The shop has had a recent Lotterywest refit, so there is no work to be done. We are the one stop shop in York, supplying all the major gifts, toys, cards, magazine, art supplies and stationery in the town and the surrounding areas.
In recent years we have had strong growth in Lotterywest sales, particularly during Covid. Tourism has exploded over the past 2 years, creating strong and consistent sales.
The business is flexible in that you can work the hours that suit you.
History
The York Newsagency has always operated out of the Collins Building since 1907. We have owned and operated the business for the past 13 years and it is still going strong. This business would suit owners that are looking to buy an income and work in a very social, friendly and fun environment.
Covid has not been a hindrance to the business, if anything it has thrived with many people exploring country WA as we are just a day trip away from Perth and the proactive York Shire have started to put on weekend festivals and shows.
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