St Martin's City Newsagency-Lotto-Lottery. Includes Massive Office Deliveries in the Heart of Sydney CBD - unbelievably profitable -only $380,000 plus S.A.V.
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This well-established newsagency is in possibly the best location in the Sydney CBD. Located in the prime George, York and Market Streets area of the CBD, we are literally surrounded on all sides by office towers and massive retail outlets. We are directly opposite the Queen Victoria Building retail and office centre, which is, without doubt, one of the most beautiful retail establishments in the world. The major QVB Bus Terminal is directly opposite our prime location which we have occupied for 30 years.
A unique site right in the heart of the City with a unique clientele of Monday to Friday Office staff and executives who could benefit from focussed attention. This would be a bonus issue on top of a very, very profitable 6 day a week business.
This business has the latest ‘the Lott” packaged, Generation One Retail Image. The store has had a complete refit making it all inclusive with the most modern of computer systems and administration structure available including in - store CCTV.
The store fit-out is excellent for all display products. We have a broad cross-section of greeting cards which have excellent margins and are one of the best features of the agency. Given the specialist, mostly upmarket clientele, a new owner would be well advised to consider creating a “Social Expression” section including more high-end greeting cards and a range of high-margin executive gifts. Sales of large boutique cards like “Goodbye”, “Good Luck” and “Get Well Soon” plus beautiful gift lines from $50 - $2,000, generate huge margins and are popular.
Features of this extraordinary business include:
- One of the best retail locations in the entire Sydney City CBD.
- Nets in excess of $4,000 profit weekly with plenty of staff.
- One owner only works a 40-hour week.
- Excellent growth on established lines with continuing high profit margins.
- Opportunity to develop an on- line presence catering for personalised Stationery and Gifts for selective clientele.
- Very well-established business with same owners for 30 years.
- Closed Sundays, Public Holidays, Christmas, Easter.
- Pre- paid booked daily delivery of newspapers to companies and office staff in Sydney’s prestige CBD area office towers.
Think about it, this business has it all, the regular pre- paid Office delivery, the well- presented shop, the daily Newspaper and Magazine sales, along with Lotto, Drinks and Stationery bringing in daily cash flow money. What a foundation to improve upon.
The regular office workers have been there all along providing sustainable profits with unremarkable difference. There is a definite promise of more customers when next year the disruption caused by the remodelling of Wynyard and Town Hall railway stations, not to mention the current chaos of the disruption in George Street, will end.
In summary, bus -loads of consumers alight every minute from the terminal directly opposite outside the QVB. They come from as far afield as Castle Hill and the Northern Beaches, as well as the inner-western Balmain and Rozelle areas. The completion of the Metro Rail will re-open and breathe life into the Sydney CBD and should create additional markets for this business to capitalise on.
Please call for a Business Performance Profile as this represents a package that is worth exploring.