Visit this listing at https://www.sbx.com.au/business?id=MF1037

Business Code: MF1037

Key Features: Newsagent - Inner West - Sales $68,871 p.w.

State: NSW

Location: Excellent position with lots of passing foot traffic and surrounded by other major retailers in a large shopping centre in the Inner West of Sydney.

Description

Newsagency selling newspapers, magazines, cigarettes, greeting cards, stationery, phone cards, Opal transport tickets, lotto, confectionery, gifts etc. - Annual lotto sales $2.9 million with current commission of 9.3% per annum. -

Summary

  • Features: Prime location in busy shopping centre - High foot traffic - No paper deliveries - Loyal customers - Stable and secure business - Well established - Very easy to manage.
  • Potential: Could add money transfer - Western union, add online sales.
  • Premises: Well presented premises of approx. 56 m2 with storage .
  • Trading Hours: 7 days - Mon. - Sun. - 9:00 a.m. - 6.00 p.m. - Thurs. 9:00 a.m. - 9:00p.m.
  • Lease: Current 7 year lease commenced Aug 2018 - 5% increases annually - 3 months bond
  • Employees: Owner + 1 parttimer
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$68,871

Cost of Goods

$59,500

Gross Profit

$9,371

Rent

$3,461

Wages

$200

Outgoings

$505

Telephone

$5

Insurance

$40

Electricity

$70

Misc1

$250

Total Expenses

$4,531

Estimated Stock (Additional)

$25,000

Net Profit

$4,840

Price

$298,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency - Retail - Stationery

Business Code: MF1037
Price: $298,000

Key Features: Newsagent - Inner West - Sales $68,871 p.w.

State: NSW

Location: Excellent position with lots of passing foot traffic and surrounded by other major retailers in a large shopping centre in the Inner West of Sydney.

Description

Newsagency selling newspapers, magazines, cigarettes, greeting cards, stationery, phone cards, Opal transport tickets, lotto, confectionery, gifts etc. - Annual lotto sales $2.9 million with current commission of 9.3% per annum. -

Summary

  • Features: Prime location in busy shopping centre - High foot traffic - No paper deliveries - Loyal customers - Stable and secure business - Well established - Very easy to manage.
  • Potential: Could add money transfer - Western union, add online sales.
  • Premises: Well presented premises of approx. 56 m2 with storage .
  • Trading Hours: 7 days - Mon. - Sun. - 9:00 a.m. - 6.00 p.m. - Thurs. 9:00 a.m. - 9:00p.m.
  • Lease: Current 7 year lease commenced Aug 2018 - 5% increases annually - 3 months bond
  • Employees: Owner + 1 parttimer
  • Sale Reason: New business commitments
  • Comments: Misc.- 1- Eftpos fee - This is a fantastic business opportunity for a single operator, couple, family or business investor wanting to let a manager operate and run the store. - The shop has been updated before renewal of the current lease. - Lotto is a new edition. - Nothing required to be improved.

Weekly Summary

Weekly Takings
(inc GST)

$68,871

Cost of Goods

$59,500

Gross Profit

$9,371

Rent (ex GST)

$3,461

Wages

$200

Outgoings

$505

Telephone

$5

Insurance

$40

Electricity

$70

Misc1

$250

Total Expenses

$4,531

Estimated Stock (Additional)

$25,000

Net Profit

$4,840

Price

$298,000

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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.