Visit this listing at https://www.sbx.com.au/business?id=M1980

Business Code: M1980

Key Features: Top location

State: NSW

Suburb: North Sydney

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 ).
  • Comments: 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.

Weekly Summary

Weekly Takings (inc GST)

$33,000

Cost of Goods

$27,145

Gross Profit

$5,855

Rent

$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

$380,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency - Retail

Business Code: M1980
Price: $380,000

Key Features: Top location

State: NSW

Suburb: North Sydney

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 ).
  • Comments: 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.

Weekly Summary

Weekly Takings
(inc GST)

$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

$380,000

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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.