Convenience Store – Under Management – Tobacconist – Retail – Supermarket

For Sale

ยท
Lower North Shore

Business Code: SF1590PM

$168,000
+ Estimated Stock (SAV) $80000
Key Features: Good branding - Excellent position - High foot traffic - Long lease - Busy store - Can open 24 hours - Easy to run - Vendor works only a few hours per week, but no manager needed
State: NSW
Suburb: North Sydney
Location: Corner store on a busy intersection near the rail station, schools, offices, hotels and residential in the Lower North Shore
Premises: Fully fitted and stocked large shop of 180 sq.mts with separate storeroom, office, toilet.
Price not disclosed

No data

ยท

No data

ยท

No data

Other business interests

Sale Reason

2010

Established

Street parking

Parking

1 owner (works only a few hours per week ) + 3 to 5 casuals as required

Employees

7 days - Mon - Thurs 6 am - 9 pm, Fri & Sat 24 hours, Sun 12 noon - 9 pm

Trading Hours

Current lease expires Dec. 2026 - CPI yearly increases - 6 month bond

Lease

Convenience store selling range of drinks, confectionery, cigarettes, groceries, toiletries and some pharmaceuticals. – Opal card and phone cards – ATM brings in approx. $600 per month – Takeaway coffee machine is owned by the coffee company which is very popular – Has a separate store room at back of shop -Pre Covid sales approx $18K p.w. Stock is extra at approx. $80K (SAV)

Features

Good branding - Excellent position - High foot traffic - Long lease - Busy store - Can open 24 hours - Easy to run - Vendor works only a few hours per week, but no manager needed

Potential

Could add money exchange and / or dry cleaning or flowers - Add pies or other hot food and fruit items - Expand range to sell greeting cards and / or souvenirs - Do some local marketing and advertising

Comments

Misc.- 1 - Other general expenses - ATM is installed - Lots of retail and commercial in the area - A must to inspect but please be discreet - Some fridges are owned by the supplier however 2 new fridges purchased Dec 2016 costing $12K.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$13300
Cost of Goods
$6000
Gross Profit
$7300
Rent
$2435
Wages
$1800
Telephone
$25
Insurance
$50
Electricity
$300
Misc 1
$350
Total Expenses
$5060
Estimated Stock
(Additional)
$80000
Net Profit
$2240
Price
$168,000
+ Estimated Stock (SAV) $80000
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