Visit this listing at https://www.sbx.com.au/business?id=F3390

Business Code: F3390

Key Features: Newsagency - Retail - Lotto $300,000 pa - Western Suburbs - Nett $180,000 p.a

State: NSW

Location: Situated in main thoroughfare in busy shopping centre in Western Suburbs.

Description

Newsagency- Retail selling newspapers, magazines, cards, stationery, drinks, confectionery and gift ware. - Lotto commission approx. $300k per year included in weekly takings and growing post Covid - ranked in the top 25 in NSW for lotto sales - Also receives commissions from Western Union, phone cards and Opal cards. - no paper deliveries. - multiple courier parcel services - .Vendor completed a shop fit out in March.2022 allowing business to increase gift sales exponentially for this financial year 2022. - Recent $55 million update to shopping centre - short operating hours compared to other newsagents .

Summary

  • Features: Option to extend trading hours as permitted in the lease - No deliveries - Recent $55 million dollar upgrade to the shopping centre.driving increased shopping traffic.
  • Potential: Well suited for two hands on working owners .
  • Premises: This business has an area of 190 sq. mts. and is in excellent condition with a recent upgrade to fit out .
  • Trading Hours: 7 days - Mon. - Tues. - Wed. & Fri. - 8:30 a.m. - 5:30 p.m. - Thurs. - 8:00 a.m. - 9:00 p.m. - Sat. - 9:00 a.m. - 5:00p.m. - Sun. 10:00 a.m.- 5:00 p.m.
  • Lease: Current lease expires 31.12.2027 - bank guarantee $92,200- (3 month bond or bank guarantee) .
  • Employees: One owner + two casuals - casuals work Monday to Friday - owner works weekends.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$65,384

Cost of Goods

$50,394

Gross Profit

$14,990

Rent

$4,640

Wages

$1,400

Outgoings

$1,802

Telephone

$30

Insurance

$60

Electricity

$80

Misc1

$3,517

Total Expenses

$11,529

Estimated Stock (Additional)

$100,000

Net Profit

$3,461

Price

$348,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Retail - Newsagency - Lotto - Giftware -Stationery

Business Code: F3390
Price: $348,000
+ Estimated SAV $100,000

Key Features: Newsagency - Retail - Lotto $300,000 pa - Western Suburbs - Nett $180,000 p.a

State: NSW

Location: Situated in main thoroughfare in busy shopping centre in Western Suburbs.

Parking: Major carpark facilities.

Description

Newsagency- Retail selling newspapers, magazines, cards, stationery, drinks, confectionery and gift ware. - Lotto commission approx. $300k per year included in weekly takings and growing post Covid - ranked in the top 25 in NSW for lotto sales - Also receives commissions from Western Union, phone cards and Opal cards. - no paper deliveries. - multiple courier parcel services - .Vendor completed a shop fit out in March.2022 allowing business to increase gift sales exponentially for this financial year 2022. - Recent $55 million update to shopping centre - short operating hours compared to other newsagents .

Summary

  • Features: Option to extend trading hours as permitted in the lease - No deliveries - Recent $55 million dollar upgrade to the shopping centre.driving increased shopping traffic.
  • Potential: Well suited for two hands on working owners .
  • Premises: This business has an area of 190 sq. mts. and is in excellent condition with a recent upgrade to fit out .
  • Trading Hours: 7 days - Mon. - Tues. - Wed. & Fri. - 8:30 a.m. - 5:30 p.m. - Thurs. - 8:00 a.m. - 9:00 p.m. - Sat. - 9:00 a.m. - 5:00p.m. - Sun. 10:00 a.m.- 5:00 p.m.
  • Lease: Current lease expires 31.12.2027 - bank guarantee $92,200- (3 month bond or bank guarantee) .
  • Employees: One owner + two casuals - casuals work Monday to Friday - owner works weekends.
  • Sale Reason: Other business interests
  • Comments: Permitted use under the terms of the existing lease. Newsagency including but not limited to the sale of lotto, money remittance services, lotteries products/services and other soft gambling facilities, newspapers, magazines, greeting cards, photocopying, banking, financial and postal services, sale of phone cards and mobile phone recharge cards, gifts, wrapping paper, stationary, printer cartridges and associated office supplies, art materials, passport photos and any other products & services normally associated with a newsagency.

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

$65,384

Cost of Goods

$50,394

Gross Profit

$14,990

Rent (ex GST)

$4,640

Wages

$1,400

Outgoings

$1,802

Telephone

$30

Insurance

$60

Electricity

$80

Misc1

$3,517

Total Expenses

$11,529

Estimated Stock (Additional)

$100,000

Net Profit

$3,461

Price

$348,000
+ Estimated SAV $100,000

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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.