Convenience Store- Under Management-Cigarettes

For Sale

·
Lower North Shore

Business Code: GN1375

$280,000
+ Estimated Stock (SAV) $50000
Key Features: Prime position with heavy foot traffic.- Under management - One bedroom residence included in rent.
State: NSW
Suburb: Kirribilli
Location: Ideally situated in the heart of a village on the lower North Shore.
Premises: Approximately 30m2 with separate store room.
Price not disclosed

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Other business interests

Sale Reason

No year data

Established

No

Parking

One Manager - 3 casuals.

Employees

7 days - 7 am to 10 pm.

Trading Hours

5 year lease commenced 01/07/2021 plus 5 year option. $13,000 bank guarante CPI annual increase.

Lease

Branded convenience store under management – selling range of drinks, confectionery, cigarettes, groceries, toiletries and some pharmaceuticals.

Features

Prime position with heavy foot traffic.- Under management - One bedroom residence included in rent.

Potential

To add opal cards - bus cards - ATM - takeaway coffee - delivery service.- would suit 2 owners and save on wages

Comments

The business is currently fully managed, and the manager is paid $1,312 per week. If the new owner chooses to run it themselves, they could save this amount in wages.

There's also a self-contained one-bedroom unit above the shop with a separate entrance. It is currently rented out for $500 per week, which effectively reduces the business's weekly rent to $813.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$14653
Cost of Goods
$6420
Gross Profit
$8233
Rent
$1060
Wages
$2250
Telephone
$25
Insurance
$35
Electricity
$321
Misc 1
$118
Misc 2
$388
Total Expenses
$4197
Estimated Stock
(Additional)
$50000
Net Profit
$4036
Price
$280,000
+ Estimated Stock (SAV) $50000
Price
$280,000
+ Estimated Stock (SAV) $50000
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