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Newsagency - Retail - Convenience Store - Newsagency - $34,000 P.W - Retail - Convenience Store Cbd - Net $5,840 P.W For Sale

Sydney, New South Wales, Australia
Asking Price:
$498,000 (AUD)
Sales Revenue:
$1,768,000 (AUD)
Cash Flow:
$303,680 (AUD)

Newsagency selling a small amount of newspapers and magazines but mainly sells groceries, soft drinks, confectionery around $16000 per week with high margins. - cigarette sales $7,000, and Opal card $2500 a week. - Paper delivery to 25 companies in City.. - Sub-lease money exchange. - CCTV with 3 cameras. - 2 unit air-conditioner. - 3 doors soft drink fridge.- 2 new cash registers. One money safe box. -Recent paint and refresh in September 2019

Potential
Add lotto as this was recently removed - Ideal family business. - could save on Managers wage and increase profit. - increase sale of magazines.

Features
Best location in city. - Long lease. - Under management. - Easy operation. Solid income. - Well priced.

Premises
Newly refurbished shop with an area of approx. 90 including storeroom.

Location
Top location on heavy foot traffic shopping strip in Sydney CBD

Trading Hours
7 days - Mon. -Thurs. - 6 a.m.- 12 a.m.- Fri. -Sun. - 24 hours.

Lease
5 + 5 year lease from Sep. 2015. - 4% increases. - 3 months bond.

Employees
Under management - one manager (wage $1000) + 3 staff

Comments

Property Information

Location:

Top location on heavy foot traffic shopping strip in Sydney CBD

Business Operation

Expansion Potential:

Add lotto as this was recently removed - Ideal family business. - could save on Managers wage and increase profit. - increase sale of magazines.

Trading hours:

7 days - Mon. -Thurs. - 6 a.m.- 12 a.m.- Fri. -Sun. - 24 hours.

Employees:
Under management - one manager (wage $1000) + 3 staff
Years established:
Many years

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