Visit this listing at https://www.sbx.com.au/business?id=SF1452

Business Code: SF1452

Key Features: Owner retiring - Willoughby/Roseville Area - Well est. for over 40 years

State: NSW

Location: Prime street front location in a shopping strip and opposite the railway station in an affluent suburb of Lower North Shore.

Description

Newsagency selling newspapers, magazines, lotto, greeting cards, stationery, giftware, drinks & cigarettes etc.- Lotto sales $370K commission approx. $40,000 per year included in takings- 4 sub agents ( 2 service station and 2 convenience stores) - 7 day deliveries by car - CCTV - 2 paper rolling machines - 3 general purpose computers - 1 point of sale

Summary

  • Features: Prime location - Long established. - Local icon. - High margins. - Well priced. - Great potential for future growth for a motivated new owner.
  • Potential: Open more hours - Expand gift lines & stationery - Set up on-line services and website - Do more marketing - Increase soft drink and cigarette sales. - Suit family operators or couple and reduce wages - Add food or coffee
  • Premises: Well presented shop with storage area and basement with an area of 175 m2
  • Trading Hours: 7 days - Mon. - Fri. - 7 a.m. - 6 p.m. - Sat. - 7 a.m. - 1 p.m. - Sun. - 8 a.m. - 11 a.m.
  • Lease: Current lease expires Dec. 2021 - 3% C.P.I. increases - 3 month bond
  • Employees: 1 owner + 4 - 6 casuals + 2 drivers
  • Comments: Misc.- 1 - Other general expenses. - Fantastic business for husband & wife or owner operator and the net profit shown is for 2 fulltime working owners with two casual staff members. - Business has been operating over 40 years and with current owner since 2002. - A Toyota Corolla worth $1500 is included in the sale.

Weekly Summary

Weekly Takings (inc GST)

$19,100

Cost of Goods

$14,500

Gross Profit

$4,600

Rent

$1,149

Wages

$350

Telephone

$40

Insurance

$50

Electricity

$85

Misc1

$550

Total Expenses

$2,224

Estimated Stock (Additional)

$75,000

Net Profit

$2,376

Price

$118,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency - Retail

Business Code: SF1452
Price: $118,000

Key Features: Owner retiring - Willoughby/Roseville Area - Well est. for over 40 years

State: NSW

Location: Prime street front location in a shopping strip and opposite the railway station in an affluent suburb of Lower North Shore.

Description

Newsagency selling newspapers, magazines, lotto, greeting cards, stationery, giftware, drinks & cigarettes etc.- Lotto sales $370K commission approx. $40,000 per year included in takings- 4 sub agents ( 2 service station and 2 convenience stores) - 7 day deliveries by car - CCTV - 2 paper rolling machines - 3 general purpose computers - 1 point of sale

Summary

  • Features: Prime location - Long established. - Local icon. - High margins. - Well priced. - Great potential for future growth for a motivated new owner.
  • Potential: Open more hours - Expand gift lines & stationery - Set up on-line services and website - Do more marketing - Increase soft drink and cigarette sales. - Suit family operators or couple and reduce wages - Add food or coffee
  • Premises: Well presented shop with storage area and basement with an area of 175 m2
  • Trading Hours: 7 days - Mon. - Fri. - 7 a.m. - 6 p.m. - Sat. - 7 a.m. - 1 p.m. - Sun. - 8 a.m. - 11 a.m.
  • Lease: Current lease expires Dec. 2021 - 3% C.P.I. increases - 3 month bond
  • Employees: 1 owner + 4 - 6 casuals + 2 drivers
  • Comments: Misc.- 1 - Other general expenses. - Fantastic business for husband & wife or owner operator and the net profit shown is for 2 fulltime working owners with two casual staff members. - Business has been operating over 40 years and with current owner since 2002. - A Toyota Corolla worth $1500 is included in the sale.

Weekly Summary

Weekly Takings
(inc GST)

$19,100

Cost of Goods

$14,500

Gross Profit

$4,600

Rent (ex GST)

$1,149

Wages

$350

Telephone

$40

Insurance

$50

Electricity

$85

Misc1

$550

Total Expenses

$2,224

Estimated Stock (Additional)

$75,000

Net Profit

$2,376

Price

$118,000

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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.