XKR1010 - Top location - Low rent - High profit - Convenience Store

Overview
Convenience store selling a large number of cigarettes, newspapers, magazines, stationery, phone cards, opal cards, etc. as well as a large assortment of drinks, groceries, confectionery, ice cream, and also offering printing and internet. Situated on the main street in a high-density residential area in a very busy local community. The well-presented shop which includes a storage room and a bathroom and a total area of 80 sq. mts. The newsagency next door is closing down and the Lotto is going to be transferred to this convenience store. Could add juice, coffee or milk tea to increase the turnover. Lots of new developments in this growing residential area. The business is still solid on the impact of coronavirus. The sales keep increasing. It would suit a full-time owner or couple.  

 

Features
- Great location with lots of new developments
- Low rent
- Easy operation
- High-profit margins 
- Soon to include Lotto.

 

Business  Hours
7 days - Mon. - Sun. - 6:00 a.m.-12:30 a.m.

 

Lease
New 4 + 4-year lease commenced Jan. 2020 - 3% increases per year - 6 months bond

 

Employees
1 owner ( 2 days a week) + 4 - 5 part-timers

 

Annual Figures
Sales  $1,300,000
Cost   $750,000
Rent  $87,300 +GST
Wages  $115,000
Net Profit $300,000
Stock  $60,000

XKR1010 - Top location - Low rent - High profit - Convenience Store

$450,000.00Price
  • Figure Display Type   Regular
    Weekly Takings   $25,000
    Cost of Goods $14,500
    Gross Profit $10,500
    Rent (ex GST) $1,369
    Outgoings $80
    Wages $2,000
    Telephone $30
    Insurance $26
    Electricity $350
    Gas $
    Misc 1 $
    Misc 2 $
    Total Expenses $3,855
    Nett Profit $6,645

    Price

    $420,000

    Estimated Stock (additional)

    $60000

     

© 2020 All rights reserved. This website contains general information only. The information is not advice of any kind and is not intended as a substitute for professional and/or specialist advice. The founders, authors and contributors assume no liability or responsibility for the use or misuse of the website content that may include omissions, inaccuracies or incorrect information. Your use of this website signifies your agreement and compliance to all the terms and conditions published here. All trademarks and intellectual properties mentioned on this website are the property of their respective owners. 

Suite 302, 7 Railway St, Chatswood  - New South Wales - Australia  - COMPANY INTRANET