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Newsagency business for sale in Bondi Junction

  • Newsagency
  • Bondi Junction NSW 2022
  • $398,000 (GST na)

SF1582G - Business For Sale - Newsagency Newsagency - Eastern Suburbs - Sales $70,467 p.w- Nets $4,670 p.w. -Financials

Newsagency - Under Management - Retail - Stationery - Eastern Suburbs
SBX Business Code: SF1582G
Newsagency (2 shops in 1 ) - Large shop selling newspapers, magazines, greeting cards, stationery, phone cards, Opal transport tickets, lotto, confectionery, gifts and helium filled balloons in store and online - Annual lotto sales $3,262,820 and commission of $305,293 and Number 1 Lotto retail in the area - Sales and commission is currently growing by 9.3% per annum. - Very high sales of magazines, greeting cards, lotto and stationery. - Price is plus stock at value approx $170,000

Potential
Huge potential for a hands on owner operator to reduce wages, increase sales and profit. - Suitable for an investor, a family business or a single operator or couple. - Could add tobacco and drinks

Features
Prime location in busy shopping centre - High foot traffic - Loyal staff and customers - Stable and secure business - Well established.

Premises
Well presented spacious retail premises with a wide frontage in a sought after position with office and storage and and area of 234m2

Location
Excellent position with lots of passing foot traffic and surrounded by other major retailers in a large shopping centre in the Eastern Suburbs of Sydney

Trading Hours
7 days - Mon. - Sat. - 8.30 a.m. - 6.00 p.m. - Thurs. 8.30 a.m. - 9 p.m. and Sun. - 9.30 a.m. - 6 p.m.

Lease
A new 5 year lease will be available to an approved buyer - CPI + 3% annual Increases. - Currently 2 month bond.

Employees
Total of 6 staff

Comments
Misc.- 1- POS system - Misc 2 - Other general expenses and promotion Levy - Excellent profits from this quality newsagency. - This is an opportunity to acquire a secure and profitable business. - Complete detailed systems and procedures in place for all operations of the business as well as an online balloon business with automated purchase and payments included in the sale. - Also Included is a Loyalty data base and thank you club, and active Facebook and Instagram accounts. - A minor refurbishment may be required for the new lease period with Westfield, as well as a new Lotto counter (approx $60K) One of the busiest and best newsagencies on our books and first time on the market - Vendor is very experienced and full training will be available. -The average weekly figures are based on the 2020/2021 A must to inspect but please be very discreet!
Figures
Weekly Sales $70467
Rent (ex GST) $7825
Wages $5021
Profit $4670

SBX Business Code: SF1582G

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Business ID2016021357
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Last updated  4 Mar 2021
Map for Bondi Junction NSW 2022
Map for Bondi Junction NSW 2022Bondi Junction NSW 2022
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Business Highlights

Business ID2016021357
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  4 Mar 2021
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Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065
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