Sydney CBD
NSW
$498,000
Convenience Store - RetailPrice: $248,000Net Profit: $5,303 |
Visit this listing at https://www.sbx.com.au/business?id=SF1459 |
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Business Code: SF1459 Key Features: Convenience Store - $25,100 pw - Retail - Sydney CBD - Very long lease - $5303 pw State: NSW Location: Corner location opposite the entrance to a busy entertainment precinct and surrounded by hotels, apartments, commercial, retail and residential in the Sydney CBD DescriptionConvenience store - Currently closed - Selling range of drinks, confectionery, ice cream, cigarettes, groceries, clothes, phone cards, opal cards. - This store also sells a lot of souvenirs with high profit - CCTV - Money Exchange - Air conditioning - Outgoings included in the rent - Figures shown are the 2019 weekly average - Currently closed due to Covid-19 and reopening in Dec/Jan 2021 Summary
Weekly SummaryWeekly Takings (inc GST)$25,100Cost of Goods$12,600Gross Profit$12,500Rent$3,847Wages$2,400Telephone$20Insurance$60Electricity$220Misc1$650Total Expenses$7,197Estimated Stock (Additional)$75,000Net Profit$5,303Price$248,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Convenience Store - Retail
Business Code: SF1459
Price: $248,000
Key Features: Convenience Store - $25,100 pw - Retail - Sydney CBD - Very long lease - $5303 pw
State: NSW
Location: Corner location opposite the entrance to a busy entertainment precinct and surrounded by hotels, apartments, commercial, retail and residential in the Sydney CBD
Description
Convenience store - Currently closed - Selling range of drinks, confectionery, ice cream, cigarettes, groceries, clothes, phone cards, opal cards. - This store also sells a lot of souvenirs with high profit - CCTV - Money Exchange - Air conditioning - Outgoings included in the rent - Figures shown are the 2019 weekly average - Currently closed due to Covid-19 and reopening in Dec/Jan 2021
Summary
- Features: Brilliant new long lease - Under Management. - Easy operation - Solid income - Nothing to spend - High foot traffic - Tourist area - Great location -
- Potential: An owner operator could save on wages and increase profit. - Add coffee - Expand product range
- Premises: Large modern store with good signage, marble floors, toilet, store room and an area of 160 m2
- Trading Hours: 7 days - Mon. -Sun. - 6 a.m.- 2 a.m
- Lease: Current lease expires Jan. 2023 + 5 + 5 year option - C.P.I. rent increases - 3 month bond
- Employees: 1 Manager + 2 full timers + 1-2 casuals
- Sale Reason: Other business interests
- Comments: Misc.- 1 - Other general expenses and GST. - This is a very modern and spacious store with beautiful marble floors and is well located in the CBD on a very busy corner - Possible to sub lease part of the shop as a cafe or other small business
Suit an investor, owner operator or couple to continue to grow this business which is in a fantastic location. - A must to inspect but please be discreet! Meetings by appointment only please contact your broker for a Covid-19 update
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)
$25,100
Cost of Goods
$12,600
Gross Profit
$12,500
Rent (ex GST)
$3,847
Wages
$2,400
Telephone
$20
Insurance
$60
Electricity
$220
Misc1
$650
Total Expenses
$7,197
Estimated Stock (Additional)
$75,000
Net Profit
$5,303
Price
$248,000
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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.
