Newsagency selling lotto 50% net profit, newspapers, magazines, stationery, confectionery, drinks, tobacco. 40% cards, stationery, toys and gift items. Annual lotto net sales over $850K with net commission of $86K. This year commissions increased to 1.5% of sales so the net commissions will be increased. Business has storage, security camera & drinks fridge. Updated lotto counter with digital display screen. Also, has a few dry cleaning services that the laundry come to pick up and deliver.
Potential
Ideal for a family business or first start business.
Features
Well established business. Great location. Large sales of cards & stationery. Low rent. Regular affluent customer base. Very consistent turnover.
Premises
Compact suburban newsagency with front counter and updated lotto display totalling 45 sq mts.
Location
Situated at entrance of local shopping centre in North West suburbs opposite a major supermarket.
Trading Hours
6.5 days. - Monday to Friday 8 am to 6 pm. Saturday 8 am to 5 pm. Sunday 8 am to 2 pm.
Lease
7 years lease from September 2022. 3% annual increase. 3 months bond.
Employees
1.5 owners
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