Newsagency Long Established Good Rent On Central Coast

Business For Sale New South Wales

Business Category Arts and Crafts Newsagency Other Retail

$390,000 plus SAV


Newsagency Long Established Good Rent On Central Coast

Newsagency/Lotteries – Prime position, low rent, large bright shop of 150m2.

High exposure, premium location with plenty of parking.

No deliveries.

Simple business would suit owner/operators, partnerships or family business with consistent sales and profit circa $185,000 per annum to operators.

Consistent sales through Covid-19 period last year.

Approx. $500k in shop sales, magazines, papers, stationary, gifts and cards.

New reception/Lottery fitout with 2 terminals approx. $150,000 commissions per annum.

Low stock holding of approx. $60,000.

Operates Monday to Friday 7am to 5pm and short days Saturday and Sunday 7am to 12pm.

Established 35 years current owner 12 years.

Long lease with good rent.

Price: $390,000 plus SAV SAV: Approx. $60,000

Business Reference #: 554

Region: Central Coast

Turnover: Approx. $650k inc $150k lottery com

Adjusted Net: Approx. $185,000 per annum

Years Established: 35 years current owner 12 years.

Permanent Staff: 1 Fulltime, Owner part time Casual Staff: 3 casuals

Hours Weekday: 7am to 5pm Hours Weekend: 7am to 12pm

Lettable Area: 150m2

Lease Terms: 2 years plus 5 year option

Rent per Calendar Month: $3,372 GST: exempt

Outgoings: included in rent

Parking Comments: Plenty of customer parking

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Bsale ID: 536239

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