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Newsagency - Retail - Gifts - Cards - Newsagency - Ato Figures Available - Profit $3500 Pw. - Central Coast Nsw For Sale

Sydney, New South Wales, Australia
Asking Price:
$220,000 (AUD)
Sales Revenue:
$1,438,788 (AUD)
Cash Flow:
$182,000 (AUD)

News agency that has ten sub-newsagents. - Deliveries - Seven days approximately 150 per day (Done by staff member ) - Lotto sales are approx. $900,000 per year approximately giving annual lotto commission of approximately $94,000 per annum .Profit shown is for two owners or partners running the business together.Currently two part time elderly owners (share working hours ) . Twelve sub newsagents.This business has the whole of the CBD and the suburb to its self so no competition.Weekly sales shown are excluding gst . Elderly vendors are retiring after 34 years of running the business.A genuine sale with full financials .Sales improving during covid 19

Potential
Much more scope for substantial increase in stationery and gift ware sales.Owner could do deliveries and save approximately $1000 pw in wages.

Features
Same owner over thirty four years. Great fit out. Not a cent to spend.Video surveillance in recently relocated main shop. Back to base security. New high rise residential building developments beginning to emerge.Same landlord since 1986.Suburb development for high rise units in suburb are booming.

Premises
The shop has an area of approx. 200 sq. meters with large offices at rear and plenty of off street parking.

Location
Prime street front location + second smaller shop 150 meters away in equally great location..

Trading Hours
7 days - 5.30 am to 5.30 pm

Lease
The lease is currently month to month Currently no bond, cpi annual rental increases.A new satisfactory buyer can get a new long lease from the landlord .

Employees
One owner plus casuals as required.Profit is for 2 working owners ,wages are for delivery person.

Comments

Property Information

Location:

Prime street front location + second smaller shop 150 meters away in equally great location..

Business Operation

Expansion Potential:

Much more scope for substantial increase in stationery and gift ware sales.Owner could do deliveries and save approximately $1000 pw in wages.

Trading hours:

7 days - 5.30 am to 5.30 pm

Employees:
One owner plus casuals as required.Profit is for 2 working owners ,wages are for delivery person.
Years established:
Many years

Contact Information

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