Sydney CBD
NSW
$248,000
Newsagency - Retail - Convenience StorePrice: $448,000Net Profit: $5,840 |
Visit this listing at https://www.sbx.com.au/business?id=M1835SF |
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Business Code: M1835SF Key Features: Newsagency - Convenience - Sales $34000 pw - Sydney - Cbd - Net $5,840 p.w State: NSW Suburb: Sydney, 2000 Location: Top location on heavy foot traffic shopping strip in Sydney CBD DescriptionNewsagency selling a small amount of newspapers and magazines but no lottery and mainly sells groceries, soft drinks, confectionery around $16000 per week with high margins. - cigarette sales $7,000, and Opal card $2500 a week. - 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 -SAV $50,000 Summary
Weekly SummaryWeekly Takings (inc GST)$34,000Cost of Goods$22,000Gross Profit$12,000Rent$2,800Wages$2,500Telephone$30Insurance$70Electricity$160Misc1$500Misc2$100Total Expenses$6,160Estimated Stock (Additional)$50,000Net Profit$5,840Price$448,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Newsagency - Retail - Convenience Store
Business Code: M1835SF
Price: $448,000
+ Estimated SAV $50,000
Key Features: Newsagency - Convenience - Sales $34000 pw - Sydney - Cbd - Net $5,840 p.w
State: NSW
Suburb: Sydney, 2000
Location: Top location on heavy foot traffic shopping strip in Sydney CBD
Description
Newsagency selling a small amount of newspapers and magazines but no lottery and mainly sells groceries, soft drinks, confectionery around $16000 per week with high margins. - cigarette sales $7,000, and Opal card $2500 a week. - 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 -SAV $50,000
Summary
- Features: Best location in city. - Long lease. - Under management. - Easy operation. Solid income. - Well priced Stock $50000 extra to selling price .
- Potential: Add lottery as this was removed from the store- 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.However 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
$448,000
+ Estimated SAV $50,000
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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.
