Newsagency - Freehold

Business Code: F3135


Key Features: Great opportunity

State: NSW

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

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

Summary

  • Features: Established over 60 years.

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

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

  • 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.

Weekly Summary

Weekly Takings
(inc GST)

$31,640

Cost of Goods

$26,335

Gross Profit

$5,305

Wages

$944

Telephone

$116

Insurance

$208

Electricity

$176

Misc1

$361

Total Expenses

$1,805

Estimated Stock (Additional)

$122,000

Net Profit

$3,500

Price

$800,000

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