Visit this listing at https://www.sbx.com.au/business?id=SF1242

Business Code: SF1242

Key Features: Newsagency and Post Point - Lotto - Surry Hills NSW - City Fringe - Est 40 year

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- Very high cigarette sales - Also 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 $41,000 p.w.with net profit $6 - $7,000 p.w.- New Torrens University Campus , Business and Hospitality Opening soon across the road.- Stock is $50K (SAV)

Summary

  • Features: Great location - Good rent - No competition - Nothing to spend. - Established over 40 years. - New air conditioner .
  • 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. - 6.30 a.m. - 5.00 p.m. - Sat. - 7.00 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 owners + 1 paper boy ($700 p.w. ) shown in profit for 2 owners
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$24,200

Cost of Goods

$21,000

Gross Profit

$3,200

Rent

$1,352

Telephone

$25

Insurance

$50

Electricity

$70

Misc1

$100

Total Expenses

$1,597

Estimated Stock (Additional)

$50,000

Net Profit

$1,603

Price

$168,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency - Post Point - Lotto - Retail

Business Code: SF1242
Price: $168,000
+ Estimated SAV $50,000

Key Features: Newsagency and Post Point - Lotto - Surry Hills NSW - City Fringe - Est 40 year

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.

Parking: 2 parking spaces.

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- Very high cigarette sales - Also 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 $41,000 p.w.with net profit $6 - $7,000 p.w.- New Torrens University Campus , Business and Hospitality Opening soon across the road.- Stock is $50K (SAV)

Summary

  • Features: Great location - Good rent - No competition - Nothing to spend. - Established over 40 years. - New air conditioner .
  • 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. - 6.30 a.m. - 5.00 p.m. - Sat. - 7.00 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 owners + 1 paper boy ($700 p.w. ) shown in profit for 2 owners
  • Sale Reason: Retirement and one owner is unwell and not working
  • Comments: Misc. 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. News Limited is this Newsagents biggest sub Agent!!
    Sales and profit will increase in 2022!! Sales shown are current and post lock down - Priced to sell now and price may increase in 2022.

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

$24,200

Cost of Goods

$21,000

Gross Profit

$3,200

Rent (ex GST)

$1,352

Telephone

$25

Insurance

$50

Electricity

$70

Misc1

$100

Total Expenses

$1,597

Estimated Stock (Additional)

$50,000

Net Profit

$1,603

Price

$168,000
+ Estimated SAV $50,000

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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.