Magnetix Magazines & Coffee is a uniquely positioned business, selling a product that people love to purchase, with both retail and trade customers.
The business is well known and highly regarded, with retail premises which are a destination for enthusiastic customers, with no natural competitors of its kind. Often heaving with custom at peak times of the day, the premises has become a well-established entity within the Wellington CBD.
Magnetix benefits from multiple revenue streams including rows of glistening magazines, great coffee and postal services, providing a high-quality experience for patrons.
Most notably, the business has recovered beautifully post lockdown and continues to have a strong position within the industry.
Magnetix is materially profitable and benefits by repeat custom from its commercial clients, reading enthusiasts and daily coffee devotees. There are firmly established supply arrangements and plenty of growth opportunities including accessing the online channel.
The rent to sales ratio is very attractive, noting its premium city location.
Currently fully managed a new owner has the option to continue with this model or immerse themselves behind the scenes or on the shop floor.
Generating sustained profitability is a great opportunity for a corporate escapee looking for a diverse and engaging business.
Call me now, Jacinta Saeki on 021 164 2323 for a confidential discussion.
Price $320,000 + estimated stock value $60,000
For a confidential discussion please complete our online confidentiality agreement.
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