10 Aug Budgewoi an area of growth
Gathering information from quick Stats and Real Estate.com.au it’s not hard to understand why this area on the Central Coast is the fastest growing area for younger families.
Housing prices have maintained a very steady $500k to $520k range for the 10 months July 2018 to April 2019 with an average of 714 to 920 visits per month. These averages place Budgewoi in the High demand bracket over the past 12 months.
No wonder the owners decided they should change their style of newsagency from catering for the every- day at home person to the forever fast growing established couples and families moving into the area.
What better way to do this than to put in, at the very start of the Football season, a huge range of sponsored items with licensed and branded footballs, scarfs, mugs – you name it, they have it for all the teams. Yes, yours is there and if sold out they can get it for you.
It’s a family thing, young families and older ones following the team of choice. It suits the outdoor feel of the area where being active plays such a part in family life.
The owners are happy with the choice and have since given away their home delivery, shortened the opening hours and now concentrate more on the retail product suitable for families – both the growing family and the more mature independent late teenager adult style family. Combined, these families make up over 33% of the community.
The owners can see definite signs of increasing the basket size of their business by looking at what other products they can introduce, especially in the Stationery S.O.H.O. (Small Office Home Office) plus the local Business scene. Another area of growth is the Social Expression (Gifts) complimenting the greeting card offer- birthdays, leaving school, work etc., achievement, engagement, weddings – you name the occasion and there is a gift for it. The bonuses are Valentine’s Day, Easter,E.O.F.Y. Mother’s and Father’s Day plus Christmas.
Creating a new, simple, inexpensive workable website, showing what you have and how competitive you are especially in Stationery would be a bonus. Office Works are a long way away making convenience a target for your future customers.
Lottery Commissions are massive, over $3,500k per week with Rent of $634 per week. This leaves the possibility of increased wages which in turn allows out of store management structure to exist if desired.
HOW CAN YOU NOT LOOK AT THIS? Contact us 4322 1189 or For further information go to top of page click on NEWSAGENCY SALES CCA 168 for further information and once a Confidentiality Agreement is completed you will receive a Full Business Profile.