Price Guide $220,000 Including StocksContact Agent For Address
Contact Agent For Address Randwick NSW 2031
Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 177m2
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Long Established Profitable Newsagency with Asian Grocery Store in Randwick NSW
We are excited to present a rare opportunity for you to acquire a thriving and Long-established Asian Convenience Store with Brand-New Newsagency/Lottery business situated in a prime location with outstanding accessibility. By taking the reins of this well-known business, you will inherit a loyal customer base, a large and diverse product range, and extraordinary growth potential. Don't miss this exceptional chance to enter the highly sought-after newsagency industry with a solid foundation. Reach out to us for more information and embark on a rewarding journey in the world of newsagency.
Highlights Features:
* Well-appointed Facility: The 114 sqm store includes a 10 sqm Cool Room and 20 sqm storage room, and is outfitted with display cabinets, refrigerators, and freezers, in addition to a brand new lottery billboard display, eliminating the need for further investment.
* Premium Location: Nestled in a bustling shopping center in Sydney's esteemed Eastern Suburbs, this establishment enjoys the advantage of high pedestrian flow and a lively environment.
* Dedicated Customer Base: With two decades of service, the supermarket has garnered a robust reputation and amassed a multitude of devoted customers.
* Broad Product Assortment: The newsagency not only carries an extensive range of newspapers, magazines, books, stationery, and sweets but also a wide variety of Asian groceries, serving the diverse needs of numerous customers.
* Impressive Turnover: The area's balanced demographics and the escalating demand for Asian food products among young households contribute to a high turnover rate with a profit margin of 30-38%. The lottery commission amounts to approximately 10.5% of the sales revenue.
* Skilled Team: The Newsagency and supermarket are backed by a seasoned team of employees, some of whom have been there since its foundation, providing substantial support for incoming owners.
* No Prior Experience Needed: All-encompassing training and support will be given, along with the help of seasoned staff, ensuring a seamless transition for the new proprietors.
* Ideal for 188a Visa Investors: This business satisfies the prerequisites for 188a visa investors, offering a secure and profitable venture.
See MoreProperty Details for Contact Agent For Address, Randwick
Building Type
Commercial
Floor Size
177m2
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About Randwick 2031
The size of Randwick is approximately 5.4 square kilometres. It has 25 parks covering nearly 20.6% of total area. The population of Randwick in 2011 was 27,740 people. By 2016 the population was 29,998 showing a population growth of 8.1% in the area during that time. The predominant age group in Randwick is 30-39 years. Households in Randwick are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Randwick work in a professional occupation. In 2011, 49.3% of the homes in Randwick were owner-occupied compared with 46.4% in 2016.
Randwick has 16,929 properties. Over the last 5 years, Houses in Randwick have seen a 56.34% increase in median value, while Units have seen a 33.47% increase. As at 30 September 2024:
- The median value for Houses in Randwick is $3,540,648 while the median value for Units is $1,220,999.
- Houses have a median rent of $1,100 while Units have a median rent of $800.
There are currently 52 properties listed for sale, and 46 properties listed for rent in Randwick on OnTheHouse. According to CoreLogic's data, 584 properties were sold in the past 12 months in Randwick.
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