Visit this listing at https://www.sbx.com.au/business?id=M1932

Business Code: M1932

Key Features: Newsagency - Profit $6545 p.w - Retail - South Sydney - Sales $53,380 p.w

State: NSW

Location: Prime location in food court level in South Sydney major shopping centre

Description

Newsagency selling newspapers, magazines, lotteries, stationery, confectionery, greeting cards, cigarettes, Opal cards etc. - Lotteries sales $1,505,831 in 2016 with commission $154,279. - Newly renovated shop at a cost of $200k.

Summary

  • Features: Top location. - Brand new fit-out. - High turnover. - Secure income. - No paper delivery.
  • Potential: Sales will increase on account of shopping centre growth with new renovations.
  • Premises: Newly fitted out shop with an area of 134 m2.
  • Trading Hours: 7 days - 7:30 a.m.- 5:30 p.m.
  • Lease: 7 year lease from June 2013. - 5% increases. - 2 months bond.
  • Employees: 2 partners ( one work 5 days and one work 2 days ) + 4 casuals
  • Comments: Misc.- 1-general business expenses. - This is a fantastic business for family or husband and wife operators. - A must inspect.

Weekly Summary

Weekly Takings (inc GST)

$53,380

Cost of Goods

$41,925

Gross Profit

$11,445

Rent

$3,877

Wages

$1,500

Outgoings

$833

Telephone

$30

Insurance

$45

Electricity

$60

Misc1

$200

Total Expenses

$6,545

Estimated Stock (Additional)

$90,000

Net Profit

$4,900

Price

$480,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency - Retail

Business Code: M1932
Price: $480,000

Key Features: Newsagency - Profit $6545 p.w - Retail - South Sydney - Sales $53,380 p.w

State: NSW

Location: Prime location in food court level in South Sydney major shopping centre

Description

Newsagency selling newspapers, magazines, lotteries, stationery, confectionery, greeting cards, cigarettes, Opal cards etc. - Lotteries sales $1,505,831 in 2016 with commission $154,279. - Newly renovated shop at a cost of $200k.

Summary

  • Features: Top location. - Brand new fit-out. - High turnover. - Secure income. - No paper delivery.
  • Potential: Sales will increase on account of shopping centre growth with new renovations.
  • Premises: Newly fitted out shop with an area of 134 m2.
  • Trading Hours: 7 days - 7:30 a.m.- 5:30 p.m.
  • Lease: 7 year lease from June 2013. - 5% increases. - 2 months bond.
  • Employees: 2 partners ( one work 5 days and one work 2 days ) + 4 casuals
  • Comments: Misc.- 1-general business expenses. - This is a fantastic business for family or husband and wife operators. - A must inspect.

Weekly Summary

Weekly Takings
(inc GST)

$53,380

Cost of Goods

$41,925

Gross Profit

$11,445

Rent (ex GST)

$3,877

Wages

$1,500

Outgoings

$833

Telephone

$30

Insurance

$45

Electricity

$60

Misc1

$200

Total Expenses

$6,545

Estimated Stock (Additional)

$90,000

Net Profit

$4,900

Price

$480,000

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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.