For Sale $250,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

NSW

For Sale $250,000

Business Details

Newsagency - Inner West

\nNewsagency - Inner West - Agent SBX Code Number: M1724

Newsagency selling lotto, newspapers, magazines, stationery, greeting cards, confectionery, tobacco, bus tickets and Opal top up. - Western Union agent. - Also sells special uniforms. - Lotto and instant scratches sales close to 1 million with commission of $98,865 per year. - No paper deliveries - Latest lotto counter has just been upgraded.

Potential
More residential development nearby. - 150 apartments will be fully completed by middle of October 2014 and another project of 60 apartments will be completed in 2 years.

Features
Great busy location. - Fully computerised -Modern fitout. - Low rent with long lease. - Regular customers and account customers.

Premises
Newly renovated shop with an area of 90m2 including small kitchen / dining area, storage room and toilet.

Location
Situated on very busy shopping strip close to train station.

Trading Hours
6.5 days - Mon. - Fri. - 7 a.m. - 6 p.m. - Sat. - 7 a.m. - 2.30 p.m. - Sun. - 7 a.m. - 11 a.m.

Lease
5 + 5 year lease commenced April, 2014. - C.P.I. annual increases. - no market reviews. - 3 months bank guarantee.

Employees
2 owners

Comments
Business summary and P/L statements available. - The profit shown is based on a husband and wife team operation.- Current owner pays $35,000 wages a year for one staff working 4 days a week. - The rent includes outgoings. -All inspection must be through SBX Business Brokers.

Figures
Weekly Sales $28105
Rent (ex GST) $969
Wages $0
Profit $2028

Agent SBX Code Number: M1724 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Takeaway Food
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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