Visit this listing at https://www.sbx.com.au/business?id=GN1306

Business Code: GN1306

Key Features: Newsagency - Sales $30,400 p.w - Retail - Lotto

State: NSW

Suburb: Forestville, 2087

Location: Situated within a village style shopping centre with a major supermarket, cafes, bank, restaurants, library and a primary school opposite.

Description

Newsagency selling magazines, newspapers, stationery, cards, gifts and Opal cards - Lotto sales are approx. $970,000 per year with commission of $97,000 which has been included in takings shown. - Back to base alarm system.

Summary

  • Features: Well established business for over 35 years - Low rent. - Long lease - No paper deliveries or subagents.
  • Potential: There is an opportunity to expand gift lines and stationery - Suit a couple or family business.
  • Premises: Well presented shop of approx. 150 m2 including office with plenty of storage and secure wrap room.
  • Trading Hours: 7 days - Mon. - Fri. - 7.30 a.m. - 5.00 p.m. - Sat. - 7.30 a.m. - 2.30 p.m. - Sun. - 7.30 a.m. - 11.00 a.m. - Closed public holidays
  • Lease: 5 year lease commenced 5 July, 2016 + 5 year option. -Rent is fixed at $5742 including GST with no outgoings.
  • Employees: One owner works full time + one owner works 12 hours per week supported by 3 casuals.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$30,400

Cost of Goods

$23,087

Gross Profit

$7,313

Rent

$1,305

Wages

$726

Outgoings

$301

Telephone

$58

Insurance

$67

Electricity

$50

Misc1

$1,326

Total Expenses

$3,833

Estimated Stock (Additional)

$80,000

Net Profit

$3,480

Price

$290,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Retail - Newsagency

Business Code: GN1306
Price: $290,000

Key Features: Newsagency - Sales $30,400 p.w - Retail - Lotto

State: NSW

Suburb: Forestville, 2087

Location: Situated within a village style shopping centre with a major supermarket, cafes, bank, restaurants, library and a primary school opposite.

Description

Newsagency selling magazines, newspapers, stationery, cards, gifts and Opal cards - Lotto sales are approx. $970,000 per year with commission of $97,000 which has been included in takings shown. - Back to base alarm system.

Summary

  • Features: Well established business for over 35 years - Low rent. - Long lease - No paper deliveries or subagents.
  • Potential: There is an opportunity to expand gift lines and stationery - Suit a couple or family business.
  • Premises: Well presented shop of approx. 150 m2 including office with plenty of storage and secure wrap room.
  • Trading Hours: 7 days - Mon. - Fri. - 7.30 a.m. - 5.00 p.m. - Sat. - 7.30 a.m. - 2.30 p.m. - Sun. - 7.30 a.m. - 11.00 a.m. - Closed public holidays
  • Lease: 5 year lease commenced 5 July, 2016 + 5 year option. -Rent is fixed at $5742 including GST with no outgoings.
  • Employees: One owner works full time + one owner works 12 hours per week supported by 3 casuals.
  • Sale Reason: Retiring
  • Comments: Figures show a profit of $180,000 for 2019. - This is a fantastic business opportunity for a single operator, couple, family or business investor wanting to let a manager operate and run the store. - Lease includes off street parking for 2 cars.- Please do not speak to the owner or staff unless authorised by the agent. - This information has been provided on a strictly confidential basis.

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)

$30,400

Cost of Goods

$23,087

Gross Profit

$7,313

Rent (ex GST)

$1,305

Wages

$726

Outgoings

$301

Telephone

$58

Insurance

$67

Electricity

$50

Misc1

$1,326

Total Expenses

$3,833

Estimated Stock (Additional)

$80,000

Net Profit

$3,480

Price

$290,000

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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.