Visit this listing at https://www.sbx.com.au/business?id=SF1459

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

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
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$25,100

Cost of Goods

$12,600

Gross Profit

$12,500

Rent

$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

Contact SBX

NSW (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.