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Shop & Retail business for sale in Varsity Lakes

  • Shop & Retail
  • Varsity Lakes QLD 4227
  • $495,000 (GST na)

XKR2020001- Newsagency - NP$5855 p.w.- Prime location -No competition -L...

Overview
Newsagency selling newspapers, magazines, cards, stationery, drinks, confectionery, cigarettes, and giftware. - Lotto commission approx. $200k per year included in takings and growing - Sales are increasing every year. Excellent location in a village shopping center close to Gold Coast. Well presented shop with 95 sq. mts . Great business for the husband and wife team. No impacts by Cov19.

Features
Low rent
Regular client base
No competition
Well presented premises.
Long lease

Trading Hours
7 days - Mon. - Fri. - 7:00 a.m.- 6:00 p.m. - Sat.- 7:30 a.m.- 5:30 p.m. - Sun. - 7:30 a.m. - 2:30 p.m.

Lease
Current lease expires Nov. 2019 + 5 + 5 year options - C.P.I. increases every year - 3 month bond.

Annual Figures
Sales $2,500,000
Rent $58,000+GST
Net Profit $250,000
Stock value $70,000

Business Highlights

Business ID2016343617
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Category
Last updated  30 Jun 2020
Map for Varsity Lakes QLD 4227
Map for Varsity Lakes QLD 4227Varsity Lakes QLD 4227
Suite 302/ 7 Railway Street Chatswood NSW 2067
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