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Newsagency - Freehold - Newcastle area - (Code: F3135)

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Price: $800,000






Weekly Takings (inc GST) $31,640
Cost of Goods $26,335
Gross Profit $5,305
Rent $
Wages $944
Outgoings $
Telephone $116
Insurance $208
Electricity $176
Gas $
Misc 1 $361
Misc 2 $
Total Expenses $1,805
Net Profit $3,500
Coffee Kilos P/W 0.0

Estimated Stock

$122,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
Freehold newsagency selling newspapers, lotto, magazines, opal cards, stationery plus greeting cards. - The building needs some renovations but the shop is constant with continuous customers. - Eight sub newsagencies - Mon - Fri deliveries approx. 250 - Sat. - 400 - Sun - 200 - Lotto sales approx. $14, 500 per week and profit $71,383 per annum .Freehold $300000.00 Business $500000.00

Potential
Room for expansion of building - could add food, gifts and toys.

Features
Established over 60 years.

Premises
Shop has an area of 120 sq. mts. - including bathroom, one bedroom, kitchen, office, covered in verandah.

Location
Situated on main arterial road into township North of Newcastle in one of the largest growth areas of N.S.W.

Trading Hours
7 days - Mon. - Fri. - 5.00 a.m. - 6.00 p.m. - Sat. - 5.00 a.m. - 12 p.m. - Sun. - 6.30 a.m. - 12 p.m.

Lease
Freehold only.

Employees
Two owners + one fulltimer + two casuals.

Comments
Fantastic business for husband and wife team. - Business has been operating over 60 years - 21 years by current owners. - Vendor is asking $500k for the business and $300k for the freehold. - Total $800k plus stock at value. - g.s.t. not included if applicable.


SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXF3135

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