Newsagency – Retail – Tobacconist

For Sale

·
South Sydney

Business Code: SF1109PM

$230,000
+ Estimated Stock (SAV) $50000
Key Features: Low rent - Established for over 30 years - Well known in local community - Established accounts with several local businesses with 7 day payment terms from end of month.
State: NSW
Suburb: Gymea
Location: Excellent location near schools, local businesses, gym, restaurants & 170 metres from train station in South Sydney
Premises: Two level premises with an area of 140 sq.mts. with office space upstairs, 2 self-contained toilets.
Price not disclosed

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Family reasons

Sale Reason

1990

Established

Off street parking + 2 private car spaces.

Parking

2 owners (wages shown in profit) + 1- 2casualss

Employees

7 days - Mon. - Fri. - 6:30 a.m. - 6:00 p.m. - Sat.- 6:30 a.m. - 2:00 p.m.- Sun. - 7:00 a.m. - 1:00 p.m.

Trading Hours

Current lease expires Dec. 2023 + 5 years option. - C.P.I.annual increases. - 3 months bond.

Lease

Newsagency selling newspapers, magazines, lotto, scratchies, stationery, cards, school books, toys, soft drinks, tobacco products, phone cards, gift items, confectionery etc. – Lotto sales approx. $1 million per year. – Lotto commission included in takings – Premises includes 16 security cameras & new POS system.

Features

Low rent - Established for over 30 years - Well known in local community - Established accounts with several local businesses with 7 day payment terms from end of month.

Potential

Can offer parcel pickup, parcel logistics and money transfer service - Place more vending machines and ATM to increase revenue.

Comments

Miscell. - 1 - GST and other general expenses - Easy approval from landlord. - Buyer will require registration with NSW Lotteries - Price is only slightly negotiable

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$31000
Cost of Goods
$23500
Gross Profit
$7500
Rent
$2000
Wages
$1000
Telephone
$25
Insurance
$50
Electricity
$55
Misc 1
$750
Total Expenses
$3945
Estimated Stock
(Additional)
$50000
Net Profit
$3555
Price
$230,000
+ Estimated Stock (SAV) $50000
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