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

Business Code: SF1582G

Key Features: Newsagency - Eastern Suburbs - Sales $95,562 p.w and nets $9,151 p.w.

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 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. - Rent is inclusive of all outgoings and promotional levys on the lease

Summary

  • Features: Prime location in busy shopping centre - High foot traffic - No paper deliveries - Loyal staff and customers - Stable and secure business - Well established - Rent is inclusive of all outgoings and promotional levys on the lease
  • 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 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: Current 5 year lease expires April 2020. - 3% annual Increases. - Currently 2 month bond (A new lease will be available to an approved buyer)
  • Employees: 6 staff
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$95,562

Cost of Goods

$74,031

Gross Profit

$21,531

Rent

$9,056

Wages

$3,120

Telephone

$36

Insurance

$29

Electricity

$92

Misc1

$47

Total Expenses

$12,380

Estimated Stock (Additional)

$195,000

Net Profit

$9,151

Price

$498,000

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: $498,000

Key Features: Newsagency - Eastern Suburbs - Sales $95,562 p.w and nets $9,151 p.w.

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 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. - Rent is inclusive of all outgoings and promotional levys on the lease

Summary

  • Features: Prime location in busy shopping centre - High foot traffic - No paper deliveries - Loyal staff and customers - Stable and secure business - Well established - Rent is inclusive of all outgoings and promotional levys on the lease
  • 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 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: Current 5 year lease expires April 2020. - 3% annual Increases. - Currently 2 month bond (A new lease will be available to an approved buyer)
  • Employees: 6 staff
  • Sale Reason: Other business interests overseas
  • Comments: Misc.- 1- POS system - Excellent profits from this quality newsagency. - This is an opportunity to acquire a secure and profitable business. - 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. -
    A minor refurbishment may be required for the new lease period - Exciting opportunity with tremendous potential for a motivated new owner - One of the busiest and best newsagencies on our books and first time on the market - Vendor is very experienced and full training will be available. -
    A must to inspect but please be very discreet.

Weekly Summary

Weekly Takings
(inc GST)

$95,562

Cost of Goods

$74,031

Gross Profit

$21,531

Rent (ex GST)

$9,056

Wages

$3,120

Telephone

$36

Insurance

$29

Electricity

$92

Misc1

$47

Total Expenses

$12,380

Estimated Stock (Additional)

$195,000

Net Profit

$9,151

Price

$498,000

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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.