Newsagency – Retail

For Sale

·
Lower North Shore

Business Code: M2205

$180,000.00
+ Estimated Stock (SAV) $20000
Key Features: Great and busy location. No competition. Easy to operate. Short trading hours. New 5 years lease available with cheap rent. Great growing potential. Well priced.
State: NSW
Suburb: North Sydney
Location: Top location in high foot traffic area of major shopping centre in Lower North Shore area.
Premises: Well presented shop with area of 55 m2.
Price not disclosed

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Health reasons

Sale Reason

No year data

Established

Centre parking

Parking

One owner

Employees

5 days - Monday to Friday - 9:30 a.m to 6 p.m.

Trading Hours

New 5 years available without refurbish requirement. - 4% increases - 3 months bond.

Lease

Retail newsagency mainly selling lotto, cards, magazines, stationery and newspapers etc. The takings include lotto and scratch sales average $13610 per week with 12% of commission $1633 per week. Currently only trading 5 days with short trading hours 9:30 a.m.-.6.p.m. ( Mon.- Fri. ) due to the vendors health problem.

Features

Great and busy location. No competition. Easy to operate. Short trading hours. New 5 years lease available with cheap rent. Great growing potential. Well priced.

Potential

Could restore normal trading hours 7 am to 6 pm ( Monday to Friday ) and 8 am to 2 pm. ( Saturday ) to increase sales. Could add tobacco products ( lease permitted ) and increase soft drink items to boost sales and profit.

Comments

Misc.- 1- Refers to lotto charge fee. Misc.- 2 - Accountant fees etc. Keen vendor wants to quick sale duo to heath reason. A good buy opportunity. The shop POS can be reviewed on meeting. A must to inspect. Please be discreet when visiting the premises.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$18000
Cost of Goods
$14795
Gross Profit
$3205
Rent
$770
Telephone
$15
Insurance
$20
Electricity
$45
Misc 1
$150
Misc 2
$50
Total Expenses
$1050
Estimated Stock
(Additional)
$20000
Net Profit
$2155
Price
$180,000.00
+ Estimated Stock (SAV) $20000
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