Retail - Newsagency

Business Code: GN1306


Key Features: Busy centre

State: NSW

Location: Situated within a fully tenanted village style shopping centre including a major supermarket, council library, cafes, fast food, homewares, tab, etc.

Description

Newsagency selling lotto, magazines, newspapers, greeting cards, cigarettes, confectionery, gifts, Opal cards etc. - Has several sub agents and a successful paper delivery operation - Lotto sales area approx. $920,000 per year commission for which has been included in takings shown. - Back to base alarm system.

Summary

  • Features: Long established business for over 35 years - Loyal customers - Low rent.

  • Potential: The newsagency is situated in an affluent part of Sydney growing with numerous new units and housing developments associated with the new Northern Beaches Hospital. generating population growth within the local area, creating new potential for this already successful newsagency.

  • Premises: Well presented shop of approx. 150 m2 including office with plenty of storage and secure wrap room.

  • Trading Hours: 7 days - Mon. - Fri. - 7.30 a.m. - 5.30 p.m. - Sat. - 7.30 a.m. - 2.30 p.m. - Sun. - 7.30 a.m. - 11.30 a.m.

  • Lease: 5 year lease commenced 5 July, 2016 + 5 year option.

  • Employees: One owner working full time + one partner only working 12 hours per week + 2 senior staff + 2 junior staff.

  • Comments: This is a fantastic business opportunity for a single operator, couple, family or business investor wanting to let a manager operate and run the store. - Lease includes off street parking for 2 cars.-

Weekly Summary

Weekly Takings
(inc GST)

$30,400

Cost of Goods

$23,087

Gross Profit

$7,313

Rent

$1,305

Wages

$726

Outgoings

$301

Telephone

$58

Insurance

$67

Electricity

$50

Misc1

$1,326

Total Expenses

$3,833

Estimated Stock (Additional)

$80,000

Net Profit

$3,480

Price

$380,000

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