Visit this listing at https://www.sbx.com.au/business?id=SF1582G

Business Code: SF1582G

Key Features: Newsagency - Eastern Suburbs - Sales $70,467 p.w- Nets $7,003 p.w. -234 m2

State: NSW

Suburb: Bondi Junction, 2022

Location: Excellent position with lots of passing foot traffic and surrounded by other major retailers in a large shopping centre in the Eastern Suburbs of Sydney

Description

Newsagency (2 shops in 1 ) - Large shop selling newspapers, magazines, greeting cards, stationery, phone cards, Opal transport tickets, lotto, confectionery, gifts and helium filled balloons in store and online - Annual lotto sales $3,262,820 and commission of $305,293 and Number 1 Lotto retail in the area - Sales and commission is currently growing by 9.3% per annum. - Very high sales of magazines, greeting cards, lotto and stationery. - Price is plus stock at value approx $170,000 - Vendor currently gets a very good rent reduction till December 2021 and pays only $7,673 per week - New owner will need to negotiate the new rent and lease. A minor refurbishment may be required for the new lease period with Westfield, as well as a new Lotto counter (approx $60K ) This has been taken into account by the vendor in the asking price.

Summary

  • Features: Prime location in busy shopping centre - High foot traffic - Loyal staff and customers - Stable and secure business - Well established - Two shops in one
  • Potential: Huge potential for a hands on owner operator to reduce wages, increase sales and profit. - Suitable for an investor, a family business or a single operator or couple - Could add tobacco and drinks
  • Premises: Well presented spacious retail premises (2 shops) with a wide frontage in a sought after position with office and storage and and area of 234m2
  • Trading Hours: 7 days - Mon. - Sat. - 8.30 a.m. - 6.00 p.m. - Thurs. 8.30 a.m. - 9 p.m. and Sun. - 9.30 a.m. - 6 p.m.
  • Lease: A new 5 year lease will need to be negotiated by an approved buyer. - Currently 2 month bond & 3% annual increases.
  • Employees: 1 Manager (Wage shown in profit as for owner operator) - 5-6 casuals as required
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$70,467

Cost of Goods

$52,600

Gross Profit

$17,867

Rent

$8,538

Wages

$1,560

Outgoings

$496

Telephone

$58

Insurance

$78

Electricity

$84

Misc1

$50

Total Expenses

$10,864

Estimated Stock (Additional)

$170,000

Net Profit

$7,003

Price

$388,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Newsagency - Under Management - Retail - Stationery

Business Code: SF1582G
Price: $388,000
+ Estimated SAV $170,000

Key Features: Newsagency - Eastern Suburbs - Sales $70,467 p.w- Nets $7,003 p.w. -234 m2

State: NSW

Suburb: Bondi Junction, 2022

Location: Excellent position with lots of passing foot traffic and surrounded by other major retailers in a large shopping centre in the Eastern Suburbs of Sydney

Description

Newsagency (2 shops in 1 ) - Large shop selling newspapers, magazines, greeting cards, stationery, phone cards, Opal transport tickets, lotto, confectionery, gifts and helium filled balloons in store and online - Annual lotto sales $3,262,820 and commission of $305,293 and Number 1 Lotto retail in the area - Sales and commission is currently growing by 9.3% per annum. - Very high sales of magazines, greeting cards, lotto and stationery. - Price is plus stock at value approx $170,000 - Vendor currently gets a very good rent reduction till December 2021 and pays only $7,673 per week - New owner will need to negotiate the new rent and lease. A minor refurbishment may be required for the new lease period with Westfield, as well as a new Lotto counter (approx $60K ) This has been taken into account by the vendor in the asking price.

Summary

  • Features: Prime location in busy shopping centre - High foot traffic - Loyal staff and customers - Stable and secure business - Well established - Two shops in one
  • Potential: Huge potential for a hands on owner operator to reduce wages, increase sales and profit. - Suitable for an investor, a family business or a single operator or couple - Could add tobacco and drinks
  • Premises: Well presented spacious retail premises (2 shops) with a wide frontage in a sought after position with office and storage and and area of 234m2
  • Trading Hours: 7 days - Mon. - Sat. - 8.30 a.m. - 6.00 p.m. - Thurs. 8.30 a.m. - 9 p.m. and Sun. - 9.30 a.m. - 6 p.m.
  • Lease: A new 5 year lease will need to be negotiated by an approved buyer. - Currently 2 month bond & 3% annual increases.
  • Employees: 1 Manager (Wage shown in profit as for owner operator) - 5-6 casuals as required
  • Sale Reason: Other business interests overseas
  • Comments: Misc.- 1- POS system - Complete detailed systems and procedures in place for all operations of the business as well as an online balloon business with automated purchase and payments included in the sale. - Also Included is a Loyalty data base and thank you club, and active Facebook and Instagram accounts -
    One of the busiest and best newsagencies on our books and first time on the market - The Managers wage of $1,463 p.w. has been removed from wages and shown in net profit as for an owner operator.
    Training will be available.-The average weekly figures are based on the 2021 Financial Year ending 30 June 2021 - A must to inspect but please be very 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

Figures exclude GST

Weekly Takings

$70,467

Cost of Goods

$52,600

Gross Profit

$17,867

Rent

$8,538

Wages

$1,560

Outgoings

$496

Telephone

$58

Insurance

$78

Electricity

$84

Misc1

$50

Total Expenses

$10,864

Estimated Stock (Additional)

$170,000

Net Profit

$7,003

Price

$388,000
+ Estimated SAV $170,000

 Print

Enquire about this listing



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.