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Newsagency - Retail - Convenience Store - Under managem...

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Newsagency - Retail - Convenience Store - Under management
NSW

Newsagency - Retail - Convenience Store - Sydney - Agent SBX Code Number: M1835 Newsagency selling a small amount of newspapers and magazines but mainly sells groceries, soft drinks,...

Price $480,000.00

Newsagency - Retail - Convenience Store - Under management

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Newsagency - Retail - Convenience Store - Sydney - Agent SBX Code Number: M1835



Newsagency selling a small amount of newspapers and magazines but mainly sells groceries, soft drinks, confectionery around $16000 per week with high margins. - Average weekly Lotto sales are $10,000, cigarette sales $7,000, and Opal card $2500 a week. - Paper delivery to 25 companies in City.. - ATM income $1.50 per transaction. - Sub-lease money exchange. - New CCTV with 3 cameras. - New 2 unit air-conditioner. new 3 doors soft drink fridge. 2 new cash registers. One money safe box.



Potential

Ideal family business. - could save on Managers wage and increase profit. - increase sale of magazines.



Features

Best location in city. - Long lease. - Under management. - Easy operation. Solid income. - Well priced.



Premises

Newly refurbished shop with an area of approx. 90 including storeroom.



Location

Top location on heavy foot traffic shopping strip in Sydney CBD



Trading Hours

7 days - Mon. -Thurs. - 6 a.m.- 12 a.m.- Fri. -Sun. - 24 hours.



Lease

5 + 5 year lease from Sep. 2015. - 4% increases. - 3 months bond.



Employees

Under management - one manager (wage $1000) and 2 staff



Comments

Current weekly rent is $3251 including outgoings. - currently sub-leased to money exchange and receives receives $769 p.w. reducing the weekly rent to $2482. - ATM income around $3000 a month. - This business suit family or astute investor. - Inspection is high recommended.



Agent SBX Code Number: M1835 - Sydney Business Exchange

Contact Seller

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 165060
SBX ID: M1835




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