Visit this listing at https://www.sbx.com.au/business?id=FMT1054

Business Code: FMT1054

Key Features: Newsagency - Inner West - Sydney - Profit $4,860 p.w. Low weekly rent

State: NSW

Location: Situated in one of Sydney's best known and exclusive shopping centres with lots of passing foot traffic and surrounded by other major retailers

Description

Newsagency selling magazines, newspapers, stationery, cards, gifts and Opal cards - Lotto sales are approx. $1.650,000 per year with commission of $165,000 which has been included in takings shown.

Summary

  • Features: Strong local support - Excellent Lotto sales - Great position - Very long established.
  • Potential: Sell party balloons - Target online sales - Promote website.
  • Premises: Well presented open plan premises with concrete ceiling and an area of 120 sq. mts. plus rear entrance available.
  • Trading Hours: 7 days - 6.00 a.m. to 6.30 p.m.
  • Lease: New lease available to approved buyer with new lease terms as follows -1st Year $960 p.w. - 2nd Year $1150 p.w. - 3rd Year $1534 p.w.
  • Employees: 2 owners + 2 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$35,000

Cost of Goods

$27,500

Gross Profit

$7,500

Rent

$960

Wages

$1,500

Telephone

$40

Insurance

$100

Electricity

$40

Total Expenses

$2,640

Estimated Stock (Additional)

$40,000

Net Profit

$4,860

Price

$140,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency - Retail

Business Code: FMT1054
Price: $140,000
+ Estimated SAV $40,000

Key Features: Newsagency - Inner West - Sydney - Profit $4,860 p.w. Low weekly rent

State: NSW

Location: Situated in one of Sydney's best known and exclusive shopping centres with lots of passing foot traffic and surrounded by other major retailers

Parking: Centre parking.

Description

Newsagency selling magazines, newspapers, stationery, cards, gifts and Opal cards - Lotto sales are approx. $1.650,000 per year with commission of $165,000 which has been included in takings shown.

Summary

  • Features: Strong local support - Excellent Lotto sales - Great position - Very long established.
  • Potential: Sell party balloons - Target online sales - Promote website.
  • Premises: Well presented open plan premises with concrete ceiling and an area of 120 sq. mts. plus rear entrance available.
  • Trading Hours: 7 days - 6.00 a.m. to 6.30 p.m.
  • Lease: New lease available to approved buyer with new lease terms as follows -1st Year $960 p.w. - 2nd Year $1150 p.w. - 3rd Year $1534 p.w.
  • Employees: 2 owners + 2 casuals
  • Sale Reason: Retirement
  • Comments: Member of Buying Group with monthly fees usually offset by rebates. - New lease terms and rent will be negotiated by buying group with landlord.

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

$35,000

Cost of Goods

$27,500

Gross Profit

$7,500

Rent (ex GST)

$960

Wages

$1,500

Telephone

$40

Insurance

$100

Electricity

$40

Total Expenses

$2,640

Estimated Stock (Additional)

$40,000

Net Profit

$4,860

Price

$140,000
+ Estimated SAV $40,000

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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.