Visit this listing at https://www.sbx.com.au/business?id=ML1046

Business Code: ML1046

Key Features: Newsagency - Shopping centre - Eastern Suburbs - New lease available

State: NSW

Location: Prime position in Eastern Suburbs shopping centre next to major supermarket.

Description

Full newsagency selling newspapers, magazines, books, cards, stationery, tobacco, drinks and lotto.- Year 2019 lotto sales $1,818,837 with commission of $181,883 a year.-Price dropped with wiwo condition. -Figures shown are pre-Covid.

Summary

  • Features: Top location. - Very stable. - Secure business. - No paper deliveries.- Well priced.
  • Potential: Suit family business. More products could increase profit.
  • Premises: This business has an area of 110 sq. mts.
  • Trading Hours: 7 days - Mon. - Sun. - 8:30 a.m - 7:00 p.m.
  • Lease: Current month to month rent with discount rate - New lease available.
  • Employees: 2 owners + 4 - 5 casuals ( one owner fulltime and one owner 20 hours a week)
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$53,363

Cost of Goods

$44,123

Gross Profit

$9,240

Rent

$4,195

Wages

$960

Telephone

$20

Insurance

$55

Electricity

$55

Misc1

$110

Total Expenses

$5,395

Estimated Stock (Additional)

$80,000

Net Profit

$3,845

Price

$150,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency

Business Code: ML1046
Price: $150,000
+ Estimated SAV $80,000

Key Features: Newsagency - Shopping centre - Eastern Suburbs - New lease available

State: NSW

Location: Prime position in Eastern Suburbs shopping centre next to major supermarket.

Description

Full newsagency selling newspapers, magazines, books, cards, stationery, tobacco, drinks and lotto.- Year 2019 lotto sales $1,818,837 with commission of $181,883 a year.-Price dropped with wiwo condition. -Figures shown are pre-Covid.

Summary

  • Features: Top location. - Very stable. - Secure business. - No paper deliveries.- Well priced.
  • Potential: Suit family business. More products could increase profit.
  • Premises: This business has an area of 110 sq. mts.
  • Trading Hours: 7 days - Mon. - Sun. - 8:30 a.m - 7:00 p.m.
  • Lease: Current month to month rent with discount rate - New lease available.
  • Employees: 2 owners + 4 - 5 casuals ( one owner fulltime and one owner 20 hours a week)
  • Sale Reason: Retirement after 18 years.
  • Comments: Miscell. 1 - Bank and accountants fees etc. - The Lotto commission almost covers the rent - Great chance to acquire a very secure and profitable business. - Keen vendor needs retirement.

Disclaimer: 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

$53,363

Cost of Goods

$44,123

Gross Profit

$9,240

Rent (ex GST)

$4,195

Wages

$960

Telephone

$20

Insurance

$55

Electricity

$55

Misc1

$110

Total Expenses

$5,395

Estimated Stock (Additional)

$80,000

Net Profit

$3,845

Price

$150,000
+ Estimated SAV $80,000

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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.