XKR1051 - Newsagency - Inner west shopping centre - NP$4,840PW

General Description
Newsagency selling newspapers, magazines, cigarettes, greeting cards, stationery, phone cards, Opal transport tickets, lotto, confectionery, gifts etc. - Annual lotto sales $2.9 million with current commission of 9.3% per annum. -

Potential
Could add money transfer - Western union, add online sales.

Features
Prime location in busy shopping centre - High foot traffic - No paper deliveries - Loyal customers - Stable and secure business - Well established - Very easy to manage.

Premises
Well presented premises of approx. 56 m2 with storage .

Location
Excellent position with lots of passing foot traffic and surrounded by other major retailers in a large shopping centre in the Inner West of Sydney.

Trading Hours
7 days - Mon. - Sun. - 9:00 a.m. - 6.00 p.m. - Thurs. 9:00 a.m. - 9:00p.m.

Lease
Current 7 year lease commenced Aug 2018 - 5% increases annually - 3 months bond

Sale Reason
New business commitments

Employees
Owner + 1 parttimer

Comments
Misc.- 1- Eftpos fee - This is a fantastic business opportunity for a single operator, couple, family or business investor wanting to let a manager operate and run the store. - The shop has been updated before renewal of the current lease. - Lotto is a new edition. - Nothing required to be improved.
 

 

XKR1051 - Newsagency - Inner west shopping centre - NP$4,840PW

$298,000.00Price
  • Figure Display Type   Regular
    Weekly Takings   $68,871
    Cost of Goods $59,500
    Gross Profit $9,371
    Rent (ex GST) $3,461
    Outgoings $505
    Wages $200
    Telephone $5
    Insurance $40
    Electricity $70
    Gas $
    Misc 1 $250
    Misc 2 $
    Total Expenses $4,531
    Nett Profit $4,840

    Price

    $398,000
    Estimated Stock (additional) $25000

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