Newsagency - Retail - Central Coast
\nNewsagency - Retail - Central Coast - Agent SBX Code Number: F2613C
News agency that has ten sub-newsagents. - Deliveries - Seven days approximately 150 per day - Lotto sales are approx. $900,000 per year approximately giving annual lotto commission of approximately $90,000 per year.Non lotto sales are approximately $900,000 per year .Profit shown is for two owners or partners running the business.Currently one elderly owner comes in at 2pm six days a week and two is paying $2000.00 per week on wages for delivery of papers and a shop assistant. Twelve subnewsagents.This business has the whole of the Gosford CBD to its self so no competition.
Much more scope for substantial increase in stationery and giftware sales.
Same owner over thirty years. Great fit out. Not a cent to spend.Video surveilance in recently relocated main shop. Back to base security. New highrise residential building developments beginning to emerge.
The shop has an area of approx. 200 sq. mts. with large offices at rear and plenty of off street parking.
Prime street front location + second smaller shop 150 meters away in equally great location..
7 days - 9am to 5.30 pm
The lease expires 3.2017 ,but a new lease will be available for a suitable purchaser.Currently no bond, cpi annual rental increases.
One owner plus casuals as required.
The business enjoys the total suburb area as exclusive territory for both newspaper and magazine sales .Map available.Recently $70000000.00 of building development has been approved by local council moving forward. This will no doubt increase sales across all selling lines and lend itself to further profit growth moving forward.Great long term investment for a young enthusiastic couple. Delivery vehicle is extra to the selling price.
Weekly Sales $39323
Rent (ex GST) $708
Agent SBX Code Number: F2613C - SBX Business Brokers
- Last Updated December 2018
- Business Category Food/Hospitality
- Business Sub Category Retailer
- Expenses $1670
- Business Selling Price $248000
- Trading Hours 7 days - 9am to 5.30 pm
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065