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Newsagency business for sale in Sydney

  • Newsagency
  • Sydney NSW 2000
  • $98,000 (GST na)

SF1642 - Business For Sale - Newsagency Newsagency - Retail - Stationery - Gifts - Eastern Suburbs - Sydney NSW

Newsagency - Retail - Stationery - Gifts - Eastern Suburbs
SBX Business Code: 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.
Figures
Weekly Sales $10000
Rent (ex GST) $770
Wages $500
Profit $2430

SBX Business Code: SF1642

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Business ID2017256706
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Last updated  15 Sep 2021
Map for Sydney NSW 2000
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Business Highlights

Business ID2017256706
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  15 Sep 2021
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P.o. Box 19, Crows Nest NSW 2065
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