Sydney City Fringe
NSW
$158,000
Newsagency - RetailPrice: $198,000Net Profit: $4,000 |
Visit this listing at https://www.sbx.com.au/business?id=F2613C |
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Business Code: F2613C Key Features: Newsagency - Retail - Sales $39323 pw - Owner retiring - Profit $4000 pw. State: NSW Location: Prime street front location + second smaller shop 150 meters away in equally great location.. DescriptionNews 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
Weekly SummaryWeekly Takings (inc GST)$39,323Cost of Goods$33,653Gross Profit$5,670Rent$708Telephone$38Insurance$89Electricity$108Misc1$50Misc2$677Total Expenses$1,670Estimated Stock (Additional)$40,000Net Profit$4,000Price$198,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Newsagency - Retail
Business Code: F2613C
Price: $198,000
Key Features: Newsagency - Retail - Sales $39323 pw - Owner retiring - Profit $4000 pw.
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.Profit is for 2 working owners doing the deliveries.
- Sale Reason: Vendor retiring.
- 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.
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.
Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.
Weekly Summary
Weekly Takings
(inc GST)
$39,323
Cost of Goods
$33,653
Gross Profit
$5,670
Rent (ex GST)
$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
$198,000
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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.
