Newsagency
50 year history. $5 Million plus turnover.
ACT Newsagency With All the Right Figures
The newsagency, located in Canberra’s inner north suburbs, has been operated by the one family for 27 years.
In addition to the usual newsagency items – newspapers, magazines, stationery, cards, lotto, etc. – the business sells a wider product range including mobile phones, wireless broadband USBs, printer cartridges, books, and also, as an agent for renowned Darrell Lea, an extensive selection of premium chocolates.
Although an independent operation the business is part of a wider buying group giving it access to extensive product catalogues and excellent buying power.
The beautifully presented 261sqm store is located in a busy open-air shopping centre which acts as the main retail hub for the surrounding suburb’s, and Canberra’s bustling Chinatown. Positioned between one of the busiest Woolworths in the country and a large pharmacy, the newsagency has excellent exposure to the large volume of shoppers who pass through the centre on a daily basis.
Located in Australia’s capital city, Canberra, this long established newsagency features a well-developed client base, limited local competition and an ideal location in a thriving residential and commercial growth area.
Having been established for over 50 years the newsagency has cultivated an extensive client base of local residents and workers. Adding to its considerable turnover and profitability, the business also supplies a number of sub agents operating in the area.
With its central location within a thriving affluent growth region of the city, the newsagency is well placed to continue its long running success.