Sydney City Fringe
NSW
$158,000
Newsagency - Post Office - RetailPrice: $298,000Net Profit: $2,203 |
Visit this listing at https://www.sbx.com.au/business?id=SF1242 |
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Business Code: SF1242 Key Features: Newsagency and Post Point - Surry Hills - City Fringe - Current rent is $946 pw State: NSW Suburb: Surry Hills, 2010 Location: Very busy street near bus, tram and train interchange and close to a large college and other commercial offices in City Fringe. DescriptionNewsagency & Post Point - Fitted with a new counter and a licensed post office (Post Point Agency) - 3 subagencies one of which brings in very large sales consistently every week. - Deliveries with weekly income of $700 -7 days to nearby areas .- Very high cigarette sales - Good lotto turnover with commission of over $58,000 per year which is included in weekly takings. - Also sells opal cards, drinks, stationery, cards, magazines. - NTN parcel pick up point - Air conditioned with a new system - 4 security cameras, wrapping machine. - Computerised POS system with 2 cash terminals.- Pre covid sales $44,000 p.w.with net profit $6 - $7,000 p.w. - Current rent is reduced by 30% to $946 ex gst p.w. Summary
Weekly SummaryWeekly Takings (inc GST)$24,000Cost of Goods$19,500Gross Profit$4,500Rent$1,352Wages$600Telephone$25Insurance$50Electricity$70Misc1$200Total Expenses$2,297Estimated Stock (Additional)$100,000Net Profit$2,203Price$298,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Newsagency - Post Office - Retail
Business Code: SF1242
Price: $298,000
+ Estimated SAV $100,000
Key Features: Newsagency and Post Point - Surry Hills - City Fringe - Current rent is $946 pw
State: NSW
Suburb: Surry Hills, 2010
Location: Very busy street near bus, tram and train interchange and close to a large college and other commercial offices in City Fringe.
Description
Newsagency & Post Point - Fitted with a new counter and a licensed post office (Post Point Agency) - 3 subagencies one of which brings in very large sales consistently every week. - Deliveries with weekly income of $700 -7 days to nearby areas .- Very high cigarette sales - Good lotto turnover with commission of over $58,000 per year which is included in weekly takings. - Also sells opal cards, drinks, stationery, cards, magazines. - NTN parcel pick up point - Air conditioned with a new system - 4 security cameras, wrapping machine. - Computerised POS system with 2 cash terminals.- Pre covid sales $44,000 p.w.with net profit $6 - $7,000 p.w. - Current rent is reduced by 30% to $946 ex gst p.w.
Summary
- Features: Great location - Good rent - No competition - Nothing to spend. - Established over 40 years. - 2020 Lotto sales up by 3%. - New air comnditioner.
- Potential: Increase the post office side of the business - Could add other products and gifts to increase sales - Could sell more office supplies to the nearby offices - Open longer hours.
- Premises: Well presented retail shop with good size storeroom and office and an area of 100 sq. mts.
- Trading Hours: 5.5 days - Mon. - Fri. - 6 a.m. - 5.30 p.m. - Sat. - 7.30 a.m. - 12 p.m.
- Lease: Current lease expires February, 2024 - C.P.I. increases - Currently only 1 month bond. - A longer lease can be negotiated.
- Employees: 1 owner + 1 paper boy + 1 casual
- Sale Reason: Retirement
- Comments: Miscell. 1 - Other general expenses. - Loads of potential for a new operator or a couple. - The owner of this business has not utilised the licensed post office side of the business and believes there is lots of potential in this area.
Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.
Weekly Summary
Weekly Takings
(inc GST)
$24,000
Cost of Goods
$19,500
Gross Profit
$4,500
Rent (ex GST)
$1,352
Wages
$600
Telephone
$25
Insurance
$50
Electricity
$70
Misc1
$200
Total Expenses
$2,297
Estimated Stock (Additional)
$100,000
Net Profit
$2,203
Price
$298,000
+ Estimated SAV $100,000
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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.
