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Newsagency - Secure Business - New Lease With 30% Discounted Rent. For Sale

New South Wales, Australia
Asking Price:
$250,000 (AUD)
Sales Revenue:
$2,774,876 (AUD)
Cash Flow:
$199,940 (AUD)

Full newsagency selling newspapers, magazines, books, cards, stationery, tobacco, drinks, phone cards, bus tickets, and lotto.-Current years lotto sales $1,818,837 with commission of $181,883 a year.

Potential
Suit family business. More products could increase profit.

Features
Top location. - Very stable. - Secure business. - No paper deliveries.- Well priced.

Premises
This business has an area of 110 sq. mts.

Location
Prime position in Eastern Suburbs shopping centre next to major supermarket.

Trading Hours
7 days - Mon. - Sun. - 830 a.m - 700 p.m.

Lease
New 5 year lease from Oct. 2019 - 5% increases annually.- 3 month bond (Rent has been reduced to $4195 p.w. from $6460 p.w.)

Employees
2 owners + 4 - 5 casuals ( one owner fulltime and one owner 20 hours a week)

Comments

Property Information

Location:

Prime position in Eastern Suburbs shopping centre next to major supermarket.

Business Operation

Expansion Potential:

Suit family business. More products could increase profit.

Trading hours:

7 days - Mon. - Sun. - 830 a.m - 700 p.m.

Employees:
2 owners + 4 - 5 casuals ( one owner fulltime and one owner 20 hours a week)
Years established:
2003

Contact Information

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