Newsagency – Lotto – Retail

For Sale

·
City Fringe

Business Code: SFD1056

$130,000
+ Estimated Stock (SAV) $40000
Key Features: Great location - Good rent - No competition - Nothing to spend. - Established over 40 years. - New air conditioner .
State: NSW
Suburb: Surry Hills
Location: Very busy street near bus, tram and train interchange and close to a large college and other commercial offices in City Fringe.
Premises: Well presented retail shop with good size storeroom and office and an area of 100 sq. mts.
Price not disclosed

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Retirement and one owner is unwell and not working

Sale Reason

1969

Established

No parking data

Parking

1 owner

Employees

5.5 days, Monday to Friday: 6.30 am to 5.00 pm. Saturday: 7.00 am to 12 pm

Trading Hours

Current lease expires 28 February 2029 + 5 year option - CPI increases - Currently only 1 month bond. - A longer lease can be negotiated.

Lease

Newsagency & Post Point – Fitted with a new counter and a licensed post office (Post Point Agency) – Also selling drinks, cigarette, stationery, cards, magazines. – NTN parcel pick up point – Air conditioned with a new system – 4 security cameras, Computerised POS system with 2 cash terminals.- Lotto sales 500K plus per annum – New university campus across from the shop and surrounded with other businesses and hospitality.

Features

Great location - Good rent - No competition - Nothing to spend. - Established over 40 years. - New air conditioner .

Potential

Increase the post office side of the business - Could add other products and gifts to increase sales - Could sell more office supplies to the nearby offices - Open longer hours.

Comments

Misc. 1 - Other general expenses. - Loads of potential for a new operator or a couple. - The owner of this business has not utilised the licensed post office side of the business and believes there is lots of potential in this area. Priced to sell. All interested buyers must arrange a meeting with the vendor through their SBX broker. A must to inspect but please be discreet.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$23800
Cost of Goods
$20000
Gross Profit
$3800
Rent
$1487
Telephone
$25
Insurance
$50
Electricity
$70
Misc 1
$150
Total Expenses
$1782
Estimated Stock
(Additional)
$40000
Net Profit
$2018
Price
$130,000
+ Estimated Stock (SAV) $40000
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