Visit this listing at https://www.sbx.com.au/business?id=SF1291

Business Code: SF1291

Key Features: Newsagency - PRICE DROP - WIWO - Potts Point - Kings Cross - City Fringe

State: NSW

Suburb: Potts Point, 2011

Location: Centrally located in a very busy village plaza with high foot traffic in the City Fringe near new developments, cafes, pubs and surrounded by retail and residential.

Description

Newsagency with a recent $20K update on Lotto counters - Selling lotto, papers, magazines, greeting cards, stationery, tobacco, cigarettes, drinks, confectionery, phone cards, mobile phone accessories, toys and stamps - photocopy and fax service.- Yearly Lotto sales over $1M with generated commission approx $105K per year - LED light has been installed in store. - CCTV camera - Hubbed courier service, blue shift service and N Parcel and Western Union money transfer.- Priced for WIWO quick sale with 1 week trial - sales records available

Summary

  • Features: Great location - High foot traffic - Regular and loyal customers. - Best lottery sales in the area - Close to train station - Well established and known in the area - Built up area with lots of apartments - Below a small hotel
  • Potential: Longer trading hours are allowed under zoning - Many new developments and apartments have already opened nearby - Increase stock variety and add gifts - Add dry cleaning - Change to any other business (STA) -Update the front of the shop for more exposure
  • Premises: Highly visible shop front below a small hotel with excellent fixtures and good layout. Large shop with storage area, office, mezzanine level and toilet and total area of 138 sq. mts.
  • Trading Hours: 7 -days - Mon. - Sat. - 7 a.m. till 7 p.m. - Sun. - 7 a.m. till 5.30 p.m.
  • Lease: Sep 16 till Sep 23. - 2.5% increases - 3 month bond.
  • Employees: 1 owner - 1 casuals wages of $350 p.w. has been removed from wages and shown in profit as for 1.5 owners)
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$17,300

Cost of Goods

$12,000

Gross Profit

$5,300

Rent

$2,413

Telephone

$25

Insurance

$50

Electricity

$150

Misc1

$120

Total Expenses

$2,758

Estimated Stock (Additional)

$70,000

Net Profit

$2,542

Price

$55,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency - Retail - Gifts - Cards

Business Code: SF1291
Price: $55,000

Key Features: Newsagency - PRICE DROP - WIWO - Potts Point - Kings Cross - City Fringe

State: NSW

Suburb: Potts Point, 2011

Location: Centrally located in a very busy village plaza with high foot traffic in the City Fringe near new developments, cafes, pubs and surrounded by retail and residential.

Description

Newsagency with a recent $20K update on Lotto counters - Selling lotto, papers, magazines, greeting cards, stationery, tobacco, cigarettes, drinks, confectionery, phone cards, mobile phone accessories, toys and stamps - photocopy and fax service.- Yearly Lotto sales over $1M with generated commission approx $105K per year - LED light has been installed in store. - CCTV camera - Hubbed courier service, blue shift service and N Parcel and Western Union money transfer.- Priced for WIWO quick sale with 1 week trial - sales records available

Summary

  • Features: Great location - High foot traffic - Regular and loyal customers. - Best lottery sales in the area - Close to train station - Well established and known in the area - Built up area with lots of apartments - Below a small hotel
  • Potential: Longer trading hours are allowed under zoning - Many new developments and apartments have already opened nearby - Increase stock variety and add gifts - Add dry cleaning - Change to any other business (STA) -Update the front of the shop for more exposure
  • Premises: Highly visible shop front below a small hotel with excellent fixtures and good layout. Large shop with storage area, office, mezzanine level and toilet and total area of 138 sq. mts.
  • Trading Hours: 7 -days - Mon. - Sat. - 7 a.m. till 7 p.m. - Sun. - 7 a.m. till 5.30 p.m.
  • Lease: Sep 16 till Sep 23. - 2.5% increases - 3 month bond.
  • Employees: 1 owner - 1 casuals wages of $350 p.w. has been removed from wages and shown in profit as for 1.5 owners)
  • Sale Reason: One partner moving interstate
  • Comments: Misc 1 - Other general expenses. This is a great business in a very busy location with lots of cafes, pubs, retail and residential nearby - POS browser system in place. - Recent $20K update on Lotto counters - Multiple first division Prize wins in this shop including one syndicate in March 2020.
    Motivated vendor, price drop and priced to sell! Sales strong - WIWO - 1 week Trial if required after exchange of contract - A must to inspect but please be discreet!

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)

$17,300

Cost of Goods

$12,000

Gross Profit

$5,300

Rent (ex GST)

$2,413

Telephone

$25

Insurance

$50

Electricity

$150

Misc1

$120

Total Expenses

$2,758

Estimated Stock (Additional)

$70,000

Net Profit

$2,542

Price

$55,000

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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.