Visit this listing at https://www.sbx.com.au/business?id=M1835

Business Code: M1835

Key Features: Newsagency - $34,000 p.w - Retail - Convenience Store CBD - Net $5,840 p.w

State: NSW

Location: Top location on heavy foot traffic shopping strip in Sydney CBD

Description

Newsagency selling a small amount of newspapers and magazines but mainly sells groceries, soft drinks, confectionery around $16000 per week with high margins. - cigarette sales $7,000, and Opal card $2500 a week. - Paper delivery to 25 companies in City.. - Sub-lease money exchange. - CCTV with 3 cameras. - 2 unit air-conditioner. - 3 doors soft drink fridge.- 2 new cash registers. One money safe box. -Recent paint and refresh in September 2019

Summary

  • Features: Best location in city. - Long lease. - Under management. - Easy operation. Solid income. - Well priced.
  • Potential: Add lotto as this was recently removed - Ideal family business. - could save on Managers wage and increase profit. - increase sale of magazines.
  • Premises: Newly refurbished shop with an area of approx. 90 including storeroom.
  • Trading Hours: 7 days - Mon. -Thurs. - 6 a.m.- 12 a.m.- Fri. -Sun. - 24 hours.
  • Lease: 5 + 5 year lease from Sep. 2015. - 4% increases. - 3 months bond.
  • Employees: Under management - one manager (wage $1000) + 3 staff
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$34,000

Cost of Goods

$22,000

Gross Profit

$12,000

Rent

$2,800

Wages

$2,500

Telephone

$30

Insurance

$70

Electricity

$160

Misc1

$500

Misc2

$100

Total Expenses

$6,160

Estimated Stock (Additional)

$50,000

Net Profit

$5,840

Price

$498,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency - Retail - Convenience Store

Business Code: M1835
Price: $498,000

Key Features: Newsagency - $34,000 p.w - Retail - Convenience Store CBD - Net $5,840 p.w

State: NSW

Location: Top location on heavy foot traffic shopping strip in Sydney CBD

Description

Newsagency selling a small amount of newspapers and magazines but mainly sells groceries, soft drinks, confectionery around $16000 per week with high margins. - cigarette sales $7,000, and Opal card $2500 a week. - Paper delivery to 25 companies in City.. - Sub-lease money exchange. - CCTV with 3 cameras. - 2 unit air-conditioner. - 3 doors soft drink fridge.- 2 new cash registers. One money safe box. -Recent paint and refresh in September 2019

Summary

  • Features: Best location in city. - Long lease. - Under management. - Easy operation. Solid income. - Well priced.
  • Potential: Add lotto as this was recently removed - Ideal family business. - could save on Managers wage and increase profit. - increase sale of magazines.
  • Premises: Newly refurbished shop with an area of approx. 90 including storeroom.
  • Trading Hours: 7 days - Mon. -Thurs. - 6 a.m.- 12 a.m.- Fri. -Sun. - 24 hours.
  • Lease: 5 + 5 year lease from Sep. 2015. - 4% increases. - 3 months bond.
  • Employees: Under management - one manager (wage $1000) + 3 staff
  • Sale Reason: Too many other businesses.
  • Comments: Misc.-1 - Other general expenses and GST - Misc.-2 - Dec. 2019 coffee machine valued at $15,000 weekly repayment of $100 p.w.(Optional)- Current full weekly rent is $3360 including outgoings. - currently sub-leased to money exchange and receives receives $560 p.w. reducing the weekly rent to $2800 p.w..
    - ATM machine - This business suit family or astute investor. - Inspection is high recommended.

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)

$34,000

Cost of Goods

$22,000

Gross Profit

$12,000

Rent (ex GST)

$2,800

Wages

$2,500

Telephone

$30

Insurance

$70

Electricity

$160

Misc1

$500

Misc2

$100

Total Expenses

$6,160

Estimated Stock (Additional)

$50,000

Net Profit

$5,840

Price

$498,000

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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.