Newsagency - Retail

Business Code: F2613C


Key Features: Two shops

State: NSW

Location: Prime street front location + second smaller shop 150 meters away in equally great location..

Description

News agency that has ten sub-newsagents. - Deliveries - Seven days approximately 150 per day - Lotto sales are approx. $900,000 per year approximately giving annual lotto commission of approximately $90,000 per year.Non lotto sales are approximately $900,000 per year .Profit shown is for two owners or partners running the business.Currently one elderly owner comes in at 2pm six days a week and two is paying $2000.00 per week on wages for delivery of papers and a shop assistant. Twelve subnewsagents.This business has the whole of the Gosford CBD to its self so no competition.

Summary

  • Features: Same owner over thirty years. Great fit out. Not a cent to spend.Video surveilance in recently relocated main shop. Back to base security. New highrise residential building developments beginning to emerge.

  • Potential: Much more scope for substantial increase in stationery and giftware sales.

  • Premises: The shop has an area of approx. 200 sq. mts. with large offices at rear and plenty of off street parking.

  • Trading Hours: 7 days - 9am to 5.30 pm

  • Lease: The lease expires 3.2017 ,but a new lease will be available for a suitable purchaser.Currently no bond, cpi annual rental increases.

  • Employees: One owner plus casuals as required.

  • Comments: The business enjoys the total suburb area as exclusive territory for both newspaper and magazine sales .Map available.Recently $70000000.00 of building development has been approved by local council moving forward.

Weekly Summary

Weekly Takings
(inc GST)

$39,323

Cost of Goods

$33,653

Gross Profit

$5,670

Rent

$708

Telephone

$38

Insurance

$89

Electricity

$108

Misc1

$50

Misc2

$677

Total Expenses

$1,670

Estimated Stock (Additional)

$40,000

Net Profit

$4,000

Price

$248,000

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