Newsagency

Business Code: M1615


Key Features: Great opportunity.

State: NSW

Location: Good location in shopping village.

Description

Full newsagency selling newspapers, magazines, cards, books, stationery, postage etc. -Lotto sales $800k - Newsagency and magazine yearly profit is $150k.

Summary

  • Features: Low rent. Solid income. No competition. Loyal customers.

  • Potential: Ideal for owner operator or investor.

  • Premises: Well presented shop with an area of 144 sq. mts.

  • Trading Hours: 6.5 days. - Mon. - Fri. - 5:00 a.m. - 6:00 p.m. - Sat. - 6:00 a.m.- 4:00 p.m. - Sun. - 6:00 a.m.-12:00 p.m.

  • Lease: 5 + 5 year lease commenced 2011. - C.P.I increases - 3 month bond.

  • Employees: 2 owners plus staff.

  • Comments: The above figures shown are based on 2 fulltime owners working in the business. - Current parttime working owner pays $4000 wages per week. - Full financial figures available. - The lotto commission of $75,252 can cover yearly rent.

Weekly Summary

Weekly Takings
(inc GST)

$40,000

Cost of Goods

$32,500

Gross Profit

$7,500

Rent

$1,000

Wages

$1,500

Misc1

$1,000

Total Expenses

$3,500

Estimated Stock (Additional)

$100,000

Net Profit

$4,000

Price

$340,000

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