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Newsagency - Well established

Business for Sale
Newsagency - Well established
NSW

Newsagency - Inner West - Agent SBX Code Number: M1724 Newsagency selling lotto, newspapers, magazines, stationery, greeting cards, confectionery, tobacco, bus tickets and Opal top u...

Price $250,000.00

Newsagency - Well established

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Newsagency - Inner West - Agent SBX Code Number: M1724



Newsagency selling lotto, newspapers, magazines, stationery, greeting cards, confectionery, tobacco, bus tickets and Opal top up. - Western Union agent. - Also sells special uniforms. - Lotto and instant scratches sales close to 1 million with commission of $98,865 per year. - No paper deliveries - Latest lotto counter has just been upgraded.



Potential

More residential development nearby. - 150 apartments will be fully completed by middle of October 2014 and another project of 60 apartments will be completed in 2 years.



Features

Great busy location. - Fully computerised -Modern fitout. - Low rent with long lease. - Regular customers and account customers.



Premises

Newly renovated shop with an area of 90m2 including small kitchen / dining area, storage room and toilet.



Location

Situated on very busy shopping strip close to train station.



Trading Hours

6.5 days - Mon. - Fri. - 7 a.m. - 6 p.m. - Sat. - 7 a.m. - 2.30 p.m. - Sun. - 7 a.m. - 11 a.m.



Lease

5 + 5 year lease commenced April, 2014. - C.P.I. annual increases. - no market reviews. - 3 months bank guarantee.



Employees

2 owners



Comments

Business summary and P/L statements available. - The profit shown is based on a husband and wife team operation.- Current owner pays $35,000 wages a year for one staff working 4 days a week. - The rent includes outgoings. -All inspection must be through SBX Business Brokers.



Agent SBX Code Number: M1724 - Sydney Business Exchange

Contact Seller

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View Broker Profile

SBX Business Brokers
P: 02 9439 4403

Bsale ID: 113867
SBX ID: M1724




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