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Newsagency business for sale in Potts Point

  • Newsagency
  • Potts Point NSW 2011
  • $55,000 (GST na)

SF1291 - Business For Sale - Newsagency Newsagency - PRICE DROP - WIWO - Potts Point - Kings Cross - City Fringe

Newsagency - Retail - Gifts - Cards - Sydney City Fringe
SBX Business Code: SF1291
Newsagency with a recent $20K update on Lotto counters - Selling lotto, papers, magazines, greeting cards, stationery, tobacco, cigarettes, drinks, confectionery, phone cards, mobile phone accessories, toys and stamps - photocopy and fax service.- Yearly Lotto sales over $1M with generated commission approx $105K per year - LED light has been installed in store. - CCTV camera - Hubbed courier service, blue shift service and N Parcel and Western Union money transfer.- Priced for WIWO quick sale with 1 week trial - sales records available

Potential
Longer trading hours are allowed under zoning - Many new developments and apartments have already opened nearby - Increase stock variety and add gifts - Add dry cleaning - Change to any other business (STA) -Update the front of the shop for more exposure

Features
Great location - High foot traffic - Regular and loyal customers. - Best lottery sales in the area - Close to train station - Well established and known in the area - Built up area with lots of apartments - Below a small hotel

Premises
Highly visible shop front below a small hotel with excellent fixtures and good layout. Large shop with storage area, office, mezzanine level and toilet and total area of 138 sq. mts.

Location
Centrally located in a very busy village plaza with high foot traffic in the City Fringe near new developments, cafes, pubs and surrounded by retail and residential.

Trading Hours
7 -days - Mon. - Sat. - 7 a.m. till 7 p.m. - Sun. - 7 a.m. till 5.30 p.m.

Lease
Sep 16 till Sep 23. - 2.5% increases - 3 month bond.

Employees
1 owner - 1 casuals wages of $350 p.w. has been removed from wages and shown in profit as for 1.5 owners)

Comments
Misc 1 - Other general expenses. This is a great business in a very busy location with lots of cafes, pubs, retail and residential nearby - POS browser system in place. - Recent $20K update on Lotto counters - Multiple first division Prize wins in this shop including one syndicate in March 2020. Motivated vendor, price drop and priced to sell! Sales strong - WIWO - 1 week Trial if required after exchange of contract - A must to inspect but please be discreet!
Figures
Weekly Sales $17300
Rent (ex GST) $2413
Wages $0
Profit $2542

SBX Business Code: SF1291

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2013005503
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Category
Last updated  12 May 2019
Map for Potts Point NSW 2011
Map for Potts Point NSW 2011Potts Point NSW 2011
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