Newsagency - Retail - Gifts - Cards - Newsagency - Fina...

Newsagency - Retail - Gifts - Cards - Newsagency - Financials available - Profit $3500pw Central Coast Nsw

Stock Included: — Stock Value: —

Years Est: — Gross Revenue: —

Newsagency - Retail - Gifts - Cards - Central Coast - Agent SBX Code Number: F2613C

Newsagency that has ten sub-newsagents. Deliveries. Seven days approximately 150 per day (done by staff member). Lotto sales are approx. $900,000 per year approximately giving annual lotto commission of approximately $94,000 per annum. Profit shown is for two owners or partners running the business together. Currently two part time elderly owners (share working hours ). Twelve sub newsagents. This business has the whole of the CBD and the suburb to its self so no competition. Weekly sales shown are excluding gst. Elderly vendors are retiring after 34 years of running the business. A genuine sale with full financials. Sales improving during Covid-19.Do the news paperedeliveries your self and make another $50000 per anum.

Potential

Much more scope for substantial increase in stationery and gift ware sales. Owner could do deliveries and save approximately $1000 pw in wages.

Features

Same owner over thirty four years. Great fit out. Not a cent to spend. Video surveillance in recently relocated main shop. Back to base security. New high rise residential building developments beginning to emerge. Same landlord since 1986. Suburb development for high rise units in suburb are booming.Own whole suburb exclusively.

Premises

The shop has an area of approx. 200 sq. meters with large offices at rear and plenty of off street parking.

Location

Prime street front location + second smaller shop 150 meters away in equally great location.

Trading Hours

7 days - 5.30 am to 5.30 pm

Lease

The lease is currently month to month Currently no bond, CPI annual rental increases. A new satisfactory buyer can get a new long lease from the landlord .

Employees

One owner plus casuals as required.Profit is for 2 working owners ,wages are for delivery person.One owner works from 2pm until close Mon-Fri and weekends .

Comments

The business enjoys the total suburb area as exclusive territory for both newspaper and magazine sales. Map available. Recently $70,000,000 of building development has been approved by local council moving forward. This will no doubt increase sales across all selling lines and lend itself to further profit growth moving forward.Great long term investment for a young enthusiastic couple. Delivery vehicle is extra to the selling price (Late model suzuki sedan.).

Agent SBX Code Number: F2613C - Sydney Business Exchange

Additional Details