Visit this listing at https://www.sbx.com.au/business?id=M1835SF

Business Code: M1835SF

Key Features: Newsagency - Convenience - Sales $20,000 pw - Sydney - CBD- Net $3,340 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, - 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 - PRE COVID SALES $34,000 per week

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. - Owner operator could save on Managers wage and increase profit. - Increase sale of magazines.
  • Premises: 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 (Currently open 3 days till 8 pm Wed, Thurs and Friday)
  • Lease: 5 + 5 year lease from Sep. 2015. - 4% increases. - 3 months bond.
  • Employees: Under management - one manager (wage $1000 p.w. ) + 3 staff
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$20,000

Cost of Goods

$11,000

Gross Profit

$9,000

Rent

$2,800

Wages

$2,000

Telephone

$30

Insurance

$70

Electricity

$160

Misc1

$500

Misc2

$100

Total Expenses

$5,660

Estimated Stock (Additional)

$50,000

Net Profit

$3,340

Price

$258,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency - Retail - Convenience Store

Business Code: M1835SF
Price: $258,000
+ Estimated SAV $50,000

Key Features: Newsagency - Convenience - Sales $20,000 pw - Sydney - CBD- Net $3,340 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, - 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 - PRE COVID SALES $34,000 per week

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. - Owner operator could save on Managers wage and increase profit. - Increase sale of magazines.
  • Premises: 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 (Currently open 3 days till 8 pm Wed, Thurs and Friday)
  • Lease: 5 + 5 year lease from Sep. 2015. - 4% increases. - 3 months bond.
  • Employees: Under management - one manager (wage $1000 p.w. ) + 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..
    Managers wage of $1,000 p.w. has been removed from wages and shown in net profit - ATM machine - This business suit family or astute investor. -

Disclaimer: 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

$20,000

Cost of Goods

$11,000

Gross Profit

$9,000

Rent (ex GST)

$2,800

Wages

$2,000

Telephone

$30

Insurance

$70

Electricity

$160

Misc1

$500

Misc2

$100

Total Expenses

$5,660

Estimated Stock (Additional)

$50,000

Net Profit

$3,340

Price

$258,000
+ 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.