Convenience Store – Under Management – Tobacconist – Retail – Supermarket

For Sale

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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

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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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