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Newsagency - Post Office - Retail - Newsagency and Post...

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Newsagency - Post Office - Retail - Newsagency and Post Point - Surry Hills - City Fringe - Current rent is $946 pw
Surry Hills NSW

Newsagency - Post Office - Retail - City Fringe - Agent SBX Code Number: SF1242 Newsagency & Post Point - Fitted with a new counter and a licensed post office (Post Point Agency) - 3 subagencie...

Price $298,000.00

Newsagency - Post Office - Retail - Newsagency and Post Point - Surry Hills - City Fringe - Current rent is $946 pw

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Newsagency - Post Office - Retail - City Fringe - Agent SBX Code Number: SF1242

Newsagency & Post Point - Fitted with a new counter and a licensed post office (Post Point Agency) - 3 subagencies one of which brings in very large sales consistently every week. - Deliveries with weekly income of $700 -7 days to nearby areas .- Very high cigarette sales - Good lotto turnover with commission of over $58,000 per year which is included in weekly takings. - Also sells opal cards, drinks, stationery, cards, magazines. - NTN parcel pick up point - Air conditioned with a new system - 4 security cameras, wrapping machine. - Computerised POS system with 2 cash terminals.- Pre covid sales $44,000 p.w.with net profit $6 - $7,000 p.w. - Current rent is reduced by 30% to $946 ex gst p.w.

Potential

Increase the post office side of the business - Could add other products and gifts to increase sales - Could sell more office supplies to the nearby offices - Open longer hours.

Features

Great location - Good rent - No competition - Nothing to spend. - Established over 40 years. - 2020 Lotto sales up by 3%. - New air comnditioner.

Premises

Well presented retail shop with good size storeroom and office and an area of 100 sq. mts.

Location

Very busy street near bus, tram and train interchange and close to a large college and other commercial offices in City Fringe.

Trading Hours

5.5 days - Mon. - Fri. - 6 a.m. - 5.30 p.m. - Sat. - 7.30 a.m. - 12 p.m.

Lease

Current lease expires February, 2024 - C.P.I. increases - Currently only 1 month bond. - A longer lease can be negotiated.

Employees

1 owner + 1 paper boy + 1 casual

Comments

Miscell. 1 - Other general expenses. - Loads of potential for a new operator or a couple. - The owner of this business has not utilised the licensed post office side of the business and believes there is lots of potential in this area.

Agent SBX Code Number: SF1242 - Sydney Business Exchange

Contact Seller

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 278266
SBX ID: SF1242




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