overview

  • 1P5572
  • Retail
  • For Sale
  • 200 sqm

Description

CHIT-CHAT NEWSAGENCY - ICONIC LOCAL BUSINESS
This is an opportunity to own a profitable and solid business with an outstanding reputation and the potential for returning increasing profits in the future. Established for 36 years in our community, Chit Chat was started by the Mann family in 1986. Jason and Grant Mann purchased the business from their parent in 1998. The newsagency was relocated to its current position in the Victor Central Shopping Centre in 2000 which increased the size of the retail space to 200sqm. This saw the introduction of many new high GP departments including Gifts, Homewares, Plush Toys, etc. Victor Central Shopping Centre boasts the highest foot traffic in Victor Harbor with a majority of tenancies full at all times. The current lease expires in November 2023 with a 5 year renewal at current terms confirmed.

Chit Chat joined the Newsxpress buying group in 2015 which gave them confidence to try new brands and products to help grow the business. Retail products include high end giftware, homewares, plush toys, cards, books, magazines and stationery. Additional income streams are also generated through being a Certified Australia Post Agency and Tatts Lotteries Agent, having completed the new Tatts Lotteries Generation One fit-out in May 2022. Being a Certified Australia Post Agency includes selling stamps, post bags and in-store Post Box.

Profitable and busy business, sales and profit increasing each year with no impact from COVID. Featuring a modern and easy operating system, Chit Chat will offer a quick return to the working owner. A comprehensive handover will be carried out and all suppliers' details will be provided to the buyer. Complete records and solid information support the sale. Suitable for family or business immigrant.

For full details including information memorandum contact Rob Heaslip on 0439 995 760 or Ben Heaslip on 0439 860 891.

Every precaution has been taken to establish the accuracy of the material herein. Prospective purchasers should not confine themselves to the contents but should make their own enquiries to satisfy themselves in all respects. South Coast Realty will not accept any responsibility should any details prove to be incomplete or incorrect

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