Newsagency – Lotto

For Sale

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Northern Beaches

Business Code: SM1492

$200,000
+ Estimated Stock (SAV) $60000
Key Features: Well established business for over 38 years. Low rent. Long lease. No paper deliveries or subagents.
State: NSW
Suburb: Forestville
Location: Situated within a village style shopping centre with a major supermarket, cafes, bank, restaurants, library and a primary school opposite.
Premises: Well presented shop of approx. 150 m2 including office with plenty of storage and separate bulk storage area with staff toilet and car loading dock access.
Price not disclosed

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Other business interests

Sale Reason

38 years

Established

2 car spaces one with carport.

Parking

1 owner plus 3 casuals.wages $650 pw - profit shown is for two working owners

Employees

5.5 days. Monday to Friday: 8:00 am to 5:00 pm. Saturday: 8:00 am to 3:30 pm. Sunday / Public holidays: Closed.

Trading Hours

5 x 5 lease commenced 10th May 2021. CPI annual increases. One month bond.

Lease

Newsagency selling magazines, newspapers, stationery, cards, gifts and Opal cards. Lotto sales are approximately $970,000 per year with commission of $97,000 which has been included in takings shown. CCTV monitoring and back to base alarm system. Large storage for secondary on-line business. Profit shown is for two working owners in the business with no wages .

Features

Well established business for over 38 years. Low rent. Long lease. No paper deliveries or subagents.

Potential

There is an opportunity to expand gift lines and/or food supplements and stationery. Suit a couple or family business.

Comments

This is a fantastic business opportunity for a single operator, couple, family or business investor wanting to let a manager operate and run the store. Lease includes off street parking for 2 cars. Please do not speak to the owner or staff unless authorised by the agent.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$22500
Cost of Goods
$16875
Gross Profit
$5625
Rent
$1217
Telephone
$40
Insurance
$65
Electricity
$50
Total Expenses
$2022
Estimated Stock
(Additional)
$60000
Net Profit
$2650
Price
$200,000
+ Estimated Stock (SAV) $60000
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