Food/Hospitality for sale
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.
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.
Great busy location. - Fully computerised -Modern fitout. - Low rent with long lease. - Regular customers and account customers.
Newly renovated shop with an area of 90m2 including small kitchen / dining area, storage room and toilet.
Situated on very busy shopping strip close to train station.
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.
5 + 5 year lease commenced April, 2014. - C.P.I. annual increases. - no market reviews. - 3 months bank guarantee.
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.
Weekly Sales $28105
Rent (ex GST) $969
Agent SBX Code Number: M1724 - SBX Business Brokers
- 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