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Newsagency - Under Management - Retail - Stationery - Newsagency - Eastern Suburbs - Sales $95,562 P.W And Nets $8,331 P.W. For Sale

Sydney, New South Wales, Australia
Asking Price:
$498,000 (AUD)
Sales Revenue:
$4,969,224 (AUD)
Cash Flow:
$433,212 (AUD)

Newsagency (2 shops in 1 ) Large shop selling newspapers, magazines, greeting cards, stationery, phone cards, Opal transport tickets, lotto, confectionery, gifts and helium filled balloons in store and online - Annual lotto sales $3,262,820 and commission of $305,293 and Number 1 Lotto retail in the area - Sales and commission is currently growing by 9.3% per annum. - Very high sales of magazines, greeting cards, lotto and stationery. -

Potential
Huge potential for a hands on owner operator to reduce wages, increase sales and profit. - Suitable for an investor, a family business or a single operator or couple. - Could add tobacco and drinks

Features
Prime location in busy shopping centre - High foot traffic - Loyal staff and customers - Stable and secure business - Well established

Premises
Well presented spacious retail premises with a wide frontage in a sought after position with office and storage and and area of 234m2

Location
Excellent position with lots of passing foot traffic and surrounded by other major retailers in a large shopping centre in the Eastern Suburbs of Sydney

Trading Hours
7 days - Mon. - Sat. - 8.30 a.m. - 6.00 p.m. - Thurs. 8.30 a.m. - 9 p.m. and Sun. - 9.30 a.m. - 6 p.m.

Lease
Current 5 year lease expires April 2020. - CPI + 3% annual Increases. - Currently 2 month bond (A new 5 year lease will be available to an approved buyer)

Employees
6 staff

Comments

Property Information

Location:

Excellent position with lots of passing foot traffic and surrounded by other major retailers in a large shopping centre in the Eastern Suburbs of Sydney

Business Operation

Expansion Potential:

Huge potential for a hands on owner operator to reduce wages, increase sales and profit. - Suitable for an investor, a family business or a single operator or couple. - Could add tobacco and drinks

Trading hours:

7 days - Mon. - Sat. - 8.30 a.m. - 6.00 p.m. - Thurs. 8.30 a.m. - 9 p.m. and Sun. - 9.30 a.m. - 6 p.m.

Employees:
6 staff
Years established:
2004

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