NEWSAGENCY WITH PROVEN TRADING

Sold $195,000
Description

NEWSAGENCY WITH PROVEN TRADING

Sold - Gold Coast

Short Summary

The business has low capital requirements, a strong year-on-year sales track record, preferred supplier arrangements in place that ensures business continuity.

Key Selling Points

  • Low working capital requirements
  • Strong year to year Sales
  • Long Term Lease in place
  • Clean business
  • Preferred Supplier arrangements in place
  • Proven trading through Covid

This essential business has a captive customer base and has been able to trade throughout lockdown!
The store experiences good customer traffic volumes due to its broad lifestyle products and amenities offered.
It is located in a burgeoning area of Queensland and has demonstrated strong year-on-year sales.
Low capital requirements and a long-term lease present a purchaser with a turnkey acquisition opportunity.

Contact Jeevesh Thaman 0451 559 383|Henry Chow 0421 040 857
Asking $195k + SAV ($70k approx)
Ref. BUY2140

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    Real Estate Agent's
    Jeevesh Thaman
    0451 559 383
    Fluent English, Hindi, Indian, Punjabi. Jeevesh is a gun salesman and has a hardworking ethic! He has extremely strong contacts within the Indian community both locally and abroad. Jeevesh has owned his own businesses including the popular restaurant Nandos and has consulted in IT and Communications within Apple and IBM. His outstanding customer service skills, business acumen and bubbly personality makes him an instant hit with Sellers, Buyers and our Team!
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    Henry Chow
    0421 040 857
    Fluent English, Cantonese, Mandarin. Henry was the sole founder of CarrierNet Corporation which was merged into the Ariane Group in 2006 and listed on the Singapore Exchange. The Company was renamed as CarrietNet Global Limited in 2008. Henry has completed transactions in many countries including Australia, China, Hong Kong, Taiwan, Japan, USA, Indonesia, Philippines, Korea, Pakistan, Zambia, Nigeria, South Africa, India, Nepal, Laos, Cambodia, Vietnam, Dubai, Kyrgyzstan, Kazakhstan, Singapore and Thailand. The aggregate transaction size of all the deals that Henry has worked on exceeds US$100 million. Henry has built strong relationships with a large number of relevant business people and organizations in many Asian countries. He has also developed an intimate understanding of how business is conducted in these countries. From 2001 to 2010, he was then Chief Executive Director of CarrierNet where he led the products, sales, business development and commercial operations of the business. Through a successful merger and acquisition transaction, CarrierNet was renamed as CarrierNet Global Limited, listed on the CATALST board of the Singapore Stock Exchange in February 2008. Henry was appointed as the Chief Executive Officer and Executive Director of CarrierNet Global Limited where he was primarily responsible for driving the Group’s vision, growth and profitability, and held a key role in executing the business plan, driving sales performance and building strategic alliances. From 2011 onwards, Henry acts as the Chairman and Executive Director of Cacola International Furniture Limited which is a Singaporean Main Board listed company and he was responsible for charting and implementing new business strategies and setting an innovative direction for the future of the Group. Henry has years of experience in capital markets, finance and information technology industries through his works at ANZ Bank, National Australia Bank, Hong Kong Telecom, Sterling Commerce, South China Group, Indonesian based PT. Atlasat Solusindo Group, CarrierNet Corporation Limited, Primax Investment and Capital Limited. Henry was one of the founding directors of the Indonesian PT. Atlasat Solusindo Group and he founded Hong Kong based CarrierNet Corp. Limited in 2001, a licensed telecom and IP based carrier offering discounted niche routes to global markets. Henry graduated from the University of Minnesota with a Bachelor of Computer Science degree. Henry is heads and shoulders above the rest when it comes to selling within the Asian community both locally and abroad!
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