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Newsagency business for sale in North Sydney

  • Newsagency
  • North Sydney NSW 2060
  • $380,000 (GST na)

M1980 - Business For Sale - Newsagency Newsagency - Nett $3600 p.w - North Sydney Nsw - Sales $33,000 p.w. - 5.5 days

Newsagency - Retail - Lower North Shore
SBX Business Code: M1980
Retail newsagency mainly selling lotto, cards, magazines, stationery etc. - Current year ( based on 11 months) lotto sales are $1,169,349 with commission $120,276. - No paper deliveries - One sub newsagent for magazines only. - Newly renovated shop at a cost $140,000.

Potential
Do more marketing - Increase soft drink and cigarette sales. - Suit family operators.

Features
Great and very busy location. - No competition. - Easy to operate. - New 7 years lease with good rent. - Short trading hours with high profit.

Premises
Brand new shop fitout with an area of 55 m2.

Location
Top location in high foot traffic area of shopping centre in Lower North Shore.

Trading Hours
5.5 days - Mon. - Fri. - 7 a.m.- 6 p.m. - Sat . -10 a.m.- 2 p.m. - Closed Public Holidays

Lease
7 years lease commenced July 2016. - 4% increases. - 3 months bond.

Employees
One owner + 1 parttime staff (20 hours a week ).

Comments
Rare to find 5.5 days newsagency without paper delivery on the market. - Great investment opportunity - Please be discreet when visiting the premises. - Misc.- 1- refers to general business expenses.
Figures
Weekly Sales $33000
Rent (ex GST) $1685
Wages $360
Profit $3600

SBX Business Code: M1980

SBX Business Brokers - Sydney Business Exchange

Map for North Sydney NSW 2060
Map for North Sydney NSW 2060North Sydney NSW 2060
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