Sydney City Fringe
NSW
$100,000
Newsagency - RetailPrice: $280,000Net Profit: $3,600 |
Visit this listing at https://www.sbx.com.au/business?id=M1980 |
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Business Code: M1980 Key Features: Newsagency - Nett $3600 p.w - North Sydney Nsw - Sales $33,000 p.w. - 5.5 days State: NSW Suburb: North Sydney, 2060 Location: Top location in high foot traffic area of shopping centre in Lower North Shore. DescriptionRetail newsagency mainly selling lotto, cards, magazines, stationery etc. - Current year ( based on 11 months) lotto sales are $1,169,349 with commission $120,276. - No paper deliveries - One sub newsagent for magazines only. - Newly renovated shop at a cost $140,000. Summary
Weekly SummaryWeekly Takings (inc GST)$33,000Cost of Goods$27,145Gross Profit$5,855Rent$1,685Wages$360Telephone$20Insurance$35Electricity$55Misc1$100Total Expenses$2,255Estimated Stock (Additional)$20,000Net Profit$3,600Price$280,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Newsagency - Retail
Business Code: M1980Price: $280,000
+ Estimated SAV $20,000
Key Features: Newsagency - Nett $3600 p.w - North Sydney Nsw - Sales $33,000 p.w. - 5.5 days
State: NSW
Suburb: North Sydney, 2060
Location: Top location in high foot traffic area of shopping centre in Lower North Shore.
Description
Retail newsagency mainly selling lotto, cards, magazines, stationery etc. - Current year ( based on 11 months) lotto sales are $1,169,349 with commission $120,276. - No paper deliveries - One sub newsagent for magazines only. - Newly renovated shop at a cost $140,000.
Summary
- Features: Great and very busy location. - No competition. - Easy to operate. - New 7 years lease with good rent. - Short trading hours with high profit.
- Potential: Do more marketing - Increase soft drink and cigarette sales. - Suit family operators.
- Premises: Brand new shop fitout with an area of 55 m2.
- Trading Hours: 5.5 days - Mon. - Fri. - 7 a.m.- 6 p.m. - Sat . -10 a.m.- 2 p.m. - Closed Public Holidays
- Lease: 7 years lease commenced July 2016. - 4% increases. - 3 months bond.
- Employees: One owner + 1 parttime staff (20 hours a week ).
- Sale Reason: Family reasons.
- Comments: This shop is temporarily closed during lockdown and will open soon. - Rare to find 5.5 days newsagency without paper delivery on the market. - Great investment opportunity - Please be discreet when visiting the premises. - Misc.- 1- refers to general business expenses.
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. 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
$33,000
Cost of Goods
$27,145
Gross Profit
$5,855
Rent (ex GST)
$1,685
Wages
$360
Telephone
$20
Insurance
$35
Electricity
$55
Misc1
$100
Total Expenses
$2,255
Estimated Stock (Additional)
$20,000
Net Profit
$3,600
Price
$280,000
+ Estimated SAV $20,000
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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.
