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Newsagency - Retail - Gifts - Cards - Lotto - Newsagency - Priced To Sell - Wiwo - City Fringe - Sydney - Net $2452 Pw For Sale

Sydney, New South Wales, Australia
Asking Price:
$88,000 (AUD)
Sales Revenue:
$910,000 (AUD)
Cash Flow:
$132,184 (AUD)

Newsagency with a recent $20K update on Lotto counters -Priced to sell. Long-standing and well regarded Newsagency - Selling lotto, papers, magazines, greeting cards, stationery, tobacco, cigarettes, drinks, confectionery, phone cards, mobile phone accessories, toys and stamps - photocopy and fax service.- Yearly Lotto sales over $1M with generated commission approx $105K per year - LED light has been installed in store. - CCTV camera - Hubbed courier service, blue shift service and N Parcel and Western Union money transfer.- Priced for WIWO quick sale - Price is plus stock at value approx $55,000 - Lots of potential for a motivated new owner

Potential
Longer trading hours are allowed under zoning - Many new developments and apartments have already opened nearby - Increase stock variety and add gifts - Add dry cleaning - Change to any other business (STA) -Update the front of the shop for more exposure - Lots of potential for a motivated new owner

Features
Rent includes outgoings - Great location - High foot traffic - Regular and loyal customers. - Best lottery sales - Close to train station - Well established and known in the area - Built up area with lots of apartments - Below a small hotel.

Premises
Highly visible shop front below a small hotel with excellent fixtures and good layout. Large shop with storage area, office, mezzanine level and toilet and total area of 138 sq. mts.

Location
Centrally located near a main street in a very busy village plaza with high foot traffic in the Eastern Suburbs near the train station and new developments, cafes, pubs and surrounded by retail and residential.

Trading Hours
7 days Monday to Saturday 7 am till 7 pm. Sunday 7 am till 5.30 pm.

Lease
September 2016 till September 2023. 2.5% increases. 3 month bond. (New lease or option should be available with possible rent reduction)

Employees
1 owner - 1 casuals wages of $350 p.w. has been removed from wages and shown in profit as for 1.5 owners)

Comments

Property Information

Location:

Centrally located near a main street in a very busy village plaza with high foot traffic in the Eastern Suburbs near the train station and new developments, cafes, pubs and surrounded by retail and residential.

Business Operation

Expansion Potential:

Longer trading hours are allowed under zoning - Many new developments and apartments have already opened nearby - Increase stock variety and add gifts - Add dry cleaning - Change to any other business (STA) -Update the front of the shop for more exposure - Lots of potential for a motivated new owner

Trading hours:

7 days Monday to Saturday 7 am till 7 pm. Sunday 7 am till 5.30 pm.

Employees:
1 owner - 1 casuals wages of $350 p.w. has been removed from wages and shown in profit as for 1.5 owners)
Years established:
1981