Newsagency - Retail - Convenience Store - Newsagency - Convenience - Sales $34000 Pw - Sydney - Cbd - Net $5,840 P.w

Business For Sale NEW SOUTH WALES 2000, New South Wales

Business Category Newsagency

$448,000.00

Description

Newsagency - Retail - Convenience Store - Newsagency - Convenience - Sales $34000 Pw - Sydney - Cbd - Net $5,840 P.w

Newsagency - Retail - Convenience Store - Sydney CBD - Agent SBX Code Number: M1835SF

Newsagency selling a small amount of newspapers and magazines but no lottery and mainly sells groceries, soft drinks, confectionery around $16000 per week with high margins. - cigarette sales $7,000, and Opal card $2500 a week. - Sub-lease money exchange. - CCTV with 3 cameras. - 2 unit air-conditioner. - 3 doors soft drink fridge.- 2 new cash registers. One money safe box. -Recent paint and refresh in September 2019 -SAV $50,000

Potential
Add lottery as this was removed from the store- Ideal family business. - could save on Managers wage and increase profit. - Increase sale of magazines.

Features
Best location in city. - Long lease. - Under management. - Easy operation. Solid income. - Well priced Stock $50000 extra to selling price .

Premises
Newly refurbished shop with an area of approx. 90 including storeroom.

Location
Top location on heavy foot traffic shopping strip in Sydney CBD

Trading Hours
7 days - Mon. -Thurs. - 6 a.m.- 12 a.m.- Fri. -Sun. - 24 hours.

Lease
5 + 5 year lease from Sep. 2015. - 4% increases. - 3 months bond.

Employees
Under management - one manager (wage $1000) + 3 staff

Comments
Misc.-1 - Other general expenses and GST - Misc.-2 - Dec. 2019 coffee machine valued at $15,000 weekly repayment of $100 p.w.(Optional)- Current full weekly rent is $3360 including outgoings.However currently sub-leased to money exchange and receives receives $560 p.w. reducing the weekly rent to $2800 p.w.. - ATM machine - This business suit family or astute investor. - Inspection is high recommended.

Agent SBX Code Number: M1835SF - Sydney Business Exchange
Contact Seller
Sue Blatchford

Bsale ID: 525421
Broker REF: M1835SF

SBX Business Brokers
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