Large Newsagency and Multi-Faceted Business
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
This well positioned business, located in the Southern Beaches of Sydney has been in operation for 8+ years and over time has become more than a Newsagency, also a gift shop, coffee shop, toy store, drycleaner, & a wholesale newspaper distributor. Which has successfully grasped the range of demographics living in this busy suburb known for its beaches, rich lifestyle & family friendly community.
The multi-faceted business thrives on providing convenience, comfort, customer service and a needs and wants based sales experience. This attracts a minimum of 350 customers a day.
The business is easily accessible as it is situated on a busy retail street. Gaining much exposure and capturing a repeat customer base. The key relationships with valued suppliers: Hallmark Cards, Phil Taylor Cards, Darrell Lea Confectionary, All Brands Toys, Lonely Planet Travel Goods, to name a few, illustrates why this business is so popular with all ages.
They have a secured territory in which they supply newspaper, magazines, promotion & other reading materials to 12 other subagents in the area, which is another strong revenue stream for the business.
There is no work to be done on the business for at least 8 years, as Lotto, major fit outs and maintenance have been completed only a few years ago. This is truly a walk in operation.
To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=3334745#enquire-now
Annual Rent : $71,670 -
Weekly Rent : $1,378
Annual Turnover : $2,129,666 -
Weekly Turnover : $40,955
Annual Gross Profit : $515,255 -
Weekly Gross Profit : $9,909
Annual Ebit : $259,960 -
Weekly Ebit : $4,999
Premise : Leased
Lease Commencement : Nov 2001
Lease End : Nov 2026
3 + 3 + 3 years
Total Floor Area : 200 Square Metres
Total No of Parking : 2
Franchise : No
Approximate Stock Value : $100,000
Year Established : 2008
Days Trading : 7
1 Full Time - 1 Part Time - 4 Casual
Staff Salaries : $152,775
Reason for Sale : Other lifestyle and business interests.
Location : Busy retail street in well known South Sydney beach suburb.
Business Potential : Additional marketing streams, multiple online sales and delivery opportunities.