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.
- Great location with lots of new developments
- Low rent
- Easy operation
- High-profit margins
- Soon to include Lotto.
7 days - Mon. - Sun. - 6:00 a.m.-12:30 a.m.
New 4 + 4-year lease commenced Jan. 2020 - 3% increases per year - 6 months bond
1 owner ( 2 days a week) + 4 - 5 part-timers
Rent $87,300 +GST
Net Profit $300,000
XKR1010 - Top location - Low rent - High profit - Convenience Store
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
Estimated Stock (additional)