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Retail - Newsagency - Northern Beaches - (Code: GN1306)

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Price: $380,000






Weekly Takings (inc GST) $30,400
Cost of Goods $23,087
Gross Profit $7,313
Rent $1,305
Wages $726
Outgoings $301
Telephone $58
Insurance $67
Electricity $50
Gas $
Misc 1 $1,326
Misc 2 $
Total Expenses $3,833
Net Profit $3,480
Coffee Kilos P/W 0.0

Estimated Stock

$80,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
Newsagency selling lotto, magazines, stationery, cigarettes, confectionery, gifts, Opal cards etc. - Three sub agents and paper deliveries 7 days with reliable staff who have worked for the owner for several years. - Lotto sales area approx. $920,000 per year commission for which has been included in takings shown. - Back to base alarm system.

Potential
The area is changing with a number of residential units, major hospital, and new child centre opening shortly.

Features
Long established business for over 35 years - Loyal customers - Low rent.

Premises
Well presented shop of approx. 150 m2 including office with plenty of storage and secure wrap room.

Location
Situated in a village shopping centre on the Northern Beaches. The centre is fully tenanted with a large variety of shops including a major supermarket.

Trading Hours
7 days - Mon. - Fri. - 7.30 a.m. - 5.30 p.m. - Sat. - 7.30 a.m. - 2.30 p.m. - Sun. - 7.30 a.m. - 11.30 a.m.

Lease
5 year lease commenced 5 July, 2016 + 5 year option.

Employees
One owner working full time + one partner only working 12 hours per week + 2 senior staff + 2 junior staff.

Comments
A fantastic business for a couple working together who could reduce staff and increase profits - Lease includes off street parking for 2 cars.

Similar Businesses
Newsagency - Retail - Central Coast
$398,000
Newsagency - Retail - Lower North Shore
$388,000
Newsagency - City Fringe
$399,000
Retail - Newsagency - North West Sydney
$388,000
Newsagency - Retail - North Coast N.S.W.
$375,000




SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXGN1306

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