Sydney City Fringe
NSW
$88,000
Newsagency - Retail - Gifts - CardsPrice: $178,000Net Profit: $3,500 |
Visit this listing at https://www.sbx.com.au/business?id=F2613C |
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Business Code: F2613C Key Features: Newsagency - Financials available - Profit $3500pw Central Coast Nsw State: NSW Location: Prime street front location + second smaller shop 150 meters away in equally great location. DescriptionNewsagency that has ten sub-newsagents. Deliveries. Seven days approximately 150 per day (done by staff member). Lotto sales are approx. $900,000 per year approximately giving annual lotto commission of approximately $94,000 per annum. Profit shown is for two owners or partners running the business together. Currently two part time elderly owners (share working hours ). Twelve sub newsagents. This business has the whole of the CBD and the suburb to its self so no competition. Weekly sales shown are excluding gst. Elderly vendors are retiring after 34 years of running the business. A genuine sale with full financials. Sales improving during Covid-19.Do the news paperedeliveries your self and make another $50000 per anum. Summary
Weekly SummaryWeekly Takings (inc GST)$27,669Cost of Goods$21,591Gross Profit$6,078Rent$730Telephone$64Insurance$83Electricity$91Misc1$610Total Expenses$2,578Estimated Stock (Additional)$30,009Net Profit$3,500Price$178,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Newsagency - Retail - Gifts - Cards
Business Code: F2613C
Price: $178,000
+ Estimated SAV $30,009
Key Features: Newsagency - Financials available - Profit $3500pw Central Coast Nsw
State: NSW
Location: Prime street front location + second smaller shop 150 meters away in equally great location.
Description
Newsagency that has ten sub-newsagents. Deliveries. Seven days approximately 150 per day (done by staff member). Lotto sales are approx. $900,000 per year approximately giving annual lotto commission of approximately $94,000 per annum. Profit shown is for two owners or partners running the business together. Currently two part time elderly owners (share working hours ). Twelve sub newsagents. This business has the whole of the CBD and the suburb to its self so no competition. Weekly sales shown are excluding gst. Elderly vendors are retiring after 34 years of running the business. A genuine sale with full financials. Sales improving during Covid-19.Do the news paperedeliveries your self and make another $50000 per anum.
Summary
- Features: Same owner over thirty four years. Great fit out. Not a cent to spend. Video surveillance in recently relocated main shop. Back to base security. New high rise residential building developments beginning to emerge. Same landlord since 1986. Suburb development for high rise units in suburb are booming.Own whole suburb exclusively.
- Potential: Much more scope for substantial increase in stationery and gift ware sales. Owner could do deliveries and save approximately $1000 pw in wages.
- Premises: The shop has an area of approx. 200 sq. meters with large offices at rear and plenty of off street parking.
- Trading Hours: 7 days - 5.30 am to 5.30 pm
- Lease: The lease is currently month to month Currently no bond, CPI annual rental increases. A new satisfactory buyer can get a new long lease from the landlord .
- Employees: One owner plus casuals as required.Profit is for 2 working owners ,wages are for delivery person.One owner works from 2pm until close Mon-Fri and weekends .
- Sale Reason: Elderly vendors are retiring after 34 years of running the business.
- Comments: The business enjoys the total suburb area as exclusive territory for both newspaper and magazine sales. Map available. Recently $70,000,000 of building development has been approved by local council moving forward.
This will no doubt increase sales across all selling lines and lend itself to further profit growth moving forward.Great long term investment for a young enthusiastic couple.
Delivery vehicle is extra to the selling price (Late model suzuki sedan.).
Disclaimer: 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
$27,669
Cost of Goods
$21,591
Gross Profit
$6,078
Rent (ex GST)
$730
Telephone
$64
Insurance
$83
Electricity
$91
Misc1
$610
Total Expenses
$2,578
Estimated Stock (Additional)
$30,009
Net Profit
$3,500
Price
$178,000
+ Estimated SAV $30,009
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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.
