City Fringe
NSW
$110,000
Newsagency - Retail - Gifts - Cards - LottoPrice: $88,000Net Profit: $2,542 |
Visit this listing at https://www.sbx.com.au/business?id=SF1291 |
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Business Code: SF1291 Key Features: Newsagency - PRICED TO SELL - WIWO - City Fringe - Sydney - Net $2452 pw State: NSW Suburb: Potts Point, 2011 Location: Centrally located near a main street in a very busy village plaza with high foot traffic in the Eastern Suburbs near the train station and new developments, cafes, pubs and surrounded by retail and residential. DescriptionNewsagency with a recent $20K update on Lotto counters -Priced to sell. Long-standing and well regarded Newsagency - Selling lotto, papers, magazines, greeting cards, stationery, tobacco, cigarettes, drinks, confectionery, phone cards, mobile phone accessories, toys and stamps - photocopy and fax service.- Yearly Lotto sales over $1M with generated commission approx $105K per year - LED light has been installed in store. - CCTV camera - Hubbed courier service, blue shift service and N Parcel and Western Union money transfer.- Priced for WIWO quick sale - Price is plus stock at value approx $55,000 - Lots of potential for a motivated new owner Summary
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information. 
Weekly SummaryWeekly Takings (inc GST)$17,500Cost of Goods$12,200Gross Profit$5,300Rent$2,413Telephone$25Insurance$50Electricity$150Misc1$120Total Expenses$2,758Estimated Stock (Additional)$55,000Net Profit$2,542Price$88,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Newsagency - Retail - Gifts - Cards - Lotto
Business Code: SF1291Price: $88,000
+ Estimated Stock (SAV) $55,000
Key Features: Newsagency - PRICED TO SELL - WIWO - City Fringe - Sydney - Net $2452 pw
State: NSW
Suburb: Potts Point, 2011
Location: Centrally located near a main street in a very busy village plaza with high foot traffic in the Eastern Suburbs near the train station and new developments, cafes, pubs and surrounded by retail and residential.
Description
Newsagency with a recent $20K update on Lotto counters -Priced to sell. Long-standing and well regarded Newsagency - Selling lotto, papers, magazines, greeting cards, stationery, tobacco, cigarettes, drinks, confectionery, phone cards, mobile phone accessories, toys and stamps - photocopy and fax service.- Yearly Lotto sales over $1M with generated commission approx $105K per year - LED light has been installed in store. - CCTV camera - Hubbed courier service, blue shift service and N Parcel and Western Union money transfer.- Priced for WIWO quick sale - Price is plus stock at value approx $55,000 - Lots of potential for a motivated new owner
Summary
- Features: Rent includes outgoings - Great location - High foot traffic - Regular and loyal customers. - Best lottery sales - Close to train station - Well established and known in the area - Built up area with lots of apartments - Below a small hotel.
- Potential: Longer trading hours are allowed under zoning - Many new developments and apartments have already opened nearby - Increase stock variety and add gifts - Add dry cleaning - Change to any other business (STA) -Update the front of the shop for more exposure - Lots of potential for a motivated new owner
- Premises: Highly visible shop front below a small hotel with excellent fixtures and good layout. Large shop with storage area, office, mezzanine level and toilet and total area of 138 sq. mts.
- Trading Hours: 7 days: Monday to Saturday: 7 am till 7 pm. Sunday: 7 am till 5.30 pm.
- Lease: September 2016 till September 2023. 2.5% increases. 3 month bond. (New lease or option should be available with possible rent reduction)
- Employees: 1 owner - 1 casuals wages of $350 p.w. has been removed from wages and shown in profit as for 1.5 owners)
- Sale Reason: One partner moving interstate .
- Comments: Misc 1 - Other general expenses. This is a great business in a very busy location with lots of cafes, pubs, retail and residential nearby - POS browser system in place. - Recent $20K update on Lotto counters - Multiple first division Prize wins in this shop including one syndicate in March 2020.
Motivated vendor, price drop and priced to sell! Sales strong - WIWO with Sales records available - A must to inspect but please be discreet!
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.
Weekly Summary
Figures include GST unless stated otherwise
Weekly Takings
$17,500
Cost of Goods
$12,200
Gross Profit
$5,300
Rent (ex GST)
$2,413
Telephone
$25
Insurance
$50
Electricity
$150
Misc1
$120
Total Expenses
$2,758
Estimated Stock (Additional)
$55,000
Net Profit
$2,542
Price
$88,000
+ Estimated Stock (SAV) $55,000
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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.