Food/Hospitality Business for Sale in NSW Photo 1
Retailer for sale in Eastern Suburbs, NSW
For Sale $320,000

Retailer for sale in NSW

Food/Hospitality
NSW
For Sale $320,000

Business Details

Newsagency - Retail - South Sydney

\nNewsagency - Retail - South Sydney - Agent SBX Code Number: M1795

Full newsagency selling newspapers, magazines, stationery, cards, books, confectionery and lotto etc. - Lotto sales were $830,000 with commission $92,000 last year and total shop sales were $500, 000 in 2014 from financial report. - 4 sub -newsagencies. -CCTV.

Potential
Suit family business. - Could add gifts and toys to increase income.

Features
Good location. - Very large shop. - Stable income for many years. - Low rent -New lease. - No competition.

Premises
Well presented shop with an area of approx 300m2 including 2 storage rooms, one large office, one kitchen.

Location
Situated in shopping area in South Sydney suburb.

Trading Hours
5 + 2 1/2 days. - Mon. - Fri.- 530 a.m.- 6 p.m. -Sat.- 630 a.m.- 1230 p.m. - Sun. - 730 a.m.- 12 p.m.

Lease
New 3 + 3 year lease from May, 2015. - No increase in rent in first 3 years. - 3 months bond.

Employees
2 owners ( each work 5 days) + one shop assistant + delivery drivers ($465 a week).

Comments
Delivered newspapers are around $1,800 weekly. - No competition- Only newsagency in surrounding 3 suburbs. Established around 50 years. - Inspection is a must.

Figures
Weekly Sales $25000
Rent (ex GST) $980
Wages $915
Profit $2900

Agent SBX Code Number: M1795 - SBX Business Brokers

  • Last Updated April 2016
  • Business Category Food/Hospitality
  • Business Sub Category Retailer
  • 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
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065
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