Description

Price now includes all Stock on hand plus Plant & Equipment.

Millicent Newsagency is a very busy long-established business which through various owners, has serviced the township for over 140 years. It has been under current ownership since 2004.
High performing SA Lotteries outlet. With other value adding services, drycleaning agent, parcel collection, Ladbrokes and other digital services

Retail and Services:
Newsagency with network of subagents in surrounding towns; selling daily newspapers, magazines, stationary, greeting and gift cards, printing consumables, toys and gifts, confectionary and in recent times a coffee style café has been added. Dry cleaning service point and SA Lotteries outlet with sub agents for surrounding towns.

Potential:
Located in the CBD, this is in a high foot traffic area, with plenty of carparking in the street. An internal room to add sub agencies for a bank or broker outlet. Could add a tobacco sales and expanded retail space.

Features:
Recently refitted to the latest updated Lotteries platform branding available. Easy to use POS operating system with integrated stock control.
Retail Area - 10.8m x 19.8m = 213m2

Premises:
Great rear parking for staff and deliveries
Ducted Heating & Cooling
Central common staff amenities area, which two other businesses share the building and common areas into toilets and a kitchenette
Large window frontage with wheelchair access ramp entrance

Locations:
Glen Street Millicent is extremely central in the township of over 5500 people and a catchment of around 8000 in the smaller outlining towns. Millicent is 50km to the West of Mount Gambier and 50km South of Penola. Beachport is only 30km, which is our main coastal town. We are very central to many places and central in the Limestone Coast Region.

Lease:
Current lease commenced 1st May 2019 to 30th April 2024. Plus extensions 2 x 4 years and 1 x 2 years until 2034

Trading hours:
Monday to Friday 7:30am to 5:30pm and Saturday 7:30am to 13:30pm

Employees:
Predominantly run as husband-and-wife business with 2 part time workers doing 20hours per week.

Figures:
Weekly Gross taking approx. $13,456 inc all sales turnover
SA Lotteries nett commission $2629 per week
Monthly Rent $909 ex GST & outgoings 59.3% share
Complete figures and information memorandum of al inclusions of the Form 2 is available by signing a Confidential Agreement with the selling agent.

Call or email Fiona Telfer for more details.