Visit this listing at https://www.sbx.com.au/business?id=M2121F

Business Code: M2121F

Key Features: Newsagency & tobacconist - Recently renovated - Netting $3500 p.w.- Inner West

State: NSW

Suburb: Erskineville, 2043

Location: Situated on busy road in Sydney Inner West.

Description

Newsagency and tobacconist selling lotto, newspapers, magazines, cards, confectionery and tobacco products. - Lotto sales approx.$610,000 per annum

Summary

  • Features: Well established - Long lease - Busy location - No competition - Shop has recently been renovated - New lotto station
  • Potential: Improve giftware, stationery and card section - Improve tobacco accessories - add dry cleaning and parcel pick up services - suitable for husband and wife - large residential site nearby will be completed shortly which will bring more customers.
  • Premises: This business has an area of approx.100 sq. mts.
  • Trading Hours: 7 days - Mon. -Fri. - 6.30 a.m. - 6.30 p.m. -Sat. - 7.00 a.m. - 5.00 p.m. - Sun. - 7.00 a.m. - 3.00 p.m.
  • Lease: Current lease expires June, 2022 + 5 year option - 3% rent increases per annum - 3 month bond requested
  • Employees: One owner + one casual
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$28,000

Cost of Goods

$22,250

Gross Profit

$5,750

Rent

$1,215

Wages

$630

Outgoings

$50

Telephone

$30

Insurance

$50

Electricity

$75

Misc1

$200

Total Expenses

$2,250

Estimated Stock (Additional)

$30,000

Net Profit

$3,500

Price

$348,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency - Tobacconist - Retail

Business Code: M2121F
Price: $348,000
+ Estimated SAV $30,000

Key Features: Newsagency & tobacconist - Recently renovated - Netting $3500 p.w.- Inner West

State: NSW

Suburb: Erskineville, 2043

Location: Situated on busy road in Sydney Inner West.

Parking: Street parking.

Description

Newsagency and tobacconist selling lotto, newspapers, magazines, cards, confectionery and tobacco products. - Lotto sales approx.$610,000 per annum

Summary

  • Features: Well established - Long lease - Busy location - No competition - Shop has recently been renovated - New lotto station
  • Potential: Improve giftware, stationery and card section - Improve tobacco accessories - add dry cleaning and parcel pick up services - suitable for husband and wife - large residential site nearby will be completed shortly which will bring more customers.
  • Premises: This business has an area of approx.100 sq. mts.
  • Trading Hours: 7 days - Mon. -Fri. - 6.30 a.m. - 6.30 p.m. -Sat. - 7.00 a.m. - 5.00 p.m. - Sun. - 7.00 a.m. - 3.00 p.m.
  • Lease: Current lease expires June, 2022 + 5 year option - 3% rent increases per annum - 3 month bond requested
  • Employees: One owner + one casual
  • Sale Reason: Other business interests
  • Comments: Misc. -1 - Refers to bank fees and shop security - The business has been going well during Covid - Good Inner West shopping street location - Easy to operate business with solid income.

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

$28,000

Cost of Goods

$22,250

Gross Profit

$5,750

Rent (ex GST)

$1,215

Wages

$630

Outgoings

$50

Telephone

$30

Insurance

$50

Electricity

$75

Misc1

$200

Total Expenses

$2,250

Estimated Stock (Additional)

$30,000

Net Profit

$3,500

Price

$348,000
+ Estimated SAV $30,000

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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.