Newsagency - Retail - Stationery - Gifts - Newsagency - Retail - Stationery - Gifts - Eastern Suburbs - Sydney Nsw

Business For Sale New South Wales

Business Category Newsagency

$98,000

Description

Newsagency - Retail - Stationery - Gifts - Newsagency - Retail - Stationery - Gifts - Eastern Suburbs - Sydney Nsw

Newsagency - Retail - Stationery - Gifts - Eastern Suburbs - Agent SBX Code Number: SF1642

Retail newsagency selling magazines, newspapers, stationery, confectionery, toys, cards, tobacco, phone cards, Opal transport tickets, lotto, blueshyft, drinks etc. - Western Union and parcels - Annual lotto sales per year approx. $470,000 with commission of $53,000 - Lots of potential for a motivated new owner. Stock is extra at $30,000 SAV

Potential
Suitable for an investor, a family business or a single operator or couple - Could add more gifts and expand range

Features
Second level under construction for accommodation - Stable and secure business - Well established - Good lease - Outgoings included in the lease

Premises
Retail premises with an area of 94 m2 and a room rented out for Alterations

Location
Well located in the best part of the busiest shopping area close to Uni, hospital, Tafe and major supermarkets in the Eastern Suburbs.

Trading Hours
6 days - Mon. - Fri. - 700 a.m. - 600 .p.m., Sat 7 a.m. - 5 p.m. and Sun. 7 a.m. - 12 p.m.

Lease
Current lease expires Sept.2022 + 3 year option - C.P.I. increases - 3 month bond

Employees
2 full time owners + 1 casual

Comments
Vendor has sub leased the shop to Alterations for $340 p.w. (Total rent is $1110 p.w. - Sub lease $340 = $770 p.a. ex gst )- Second level under construction for accommodation suitable for hotel, Air B&B or Student Hostel (STCA) Also provides Western Union Transfer money.- Parcels pick up / Ladbrokes credit / Go Get - Home delivery Jewish Newspaper.

Agent SBX Code Number: SF1642 - Sydney Business Exchange
Contact Seller
SBX Business Brokers

Bsale ID: 558627
Broker REF: SF1642

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