Food/Hospitality for sale
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.
Suit family business. - Could add gifts and toys to increase income.
Good location. - Very large shop. - Stable income for many years. - Low rent -New lease. - No competition.
Well presented shop with an area of approx 300m2 including 2 storage rooms, one large office, one kitchen.
Situated in shopping area in South Sydney suburb.
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.
New 3 + 3 year lease from May, 2015. - No increase in rent in first 3 years. - 3 months bond.
2 owners ( each work 5 days) + one shop assistant + delivery drivers ($465 a week).
Delivered newspapers are around $1,800 weekly. - No competition- Only newsagency in surrounding 3 suburbs. Established around 50 years. - Inspection is a must.
Weekly Sales $25000
Rent (ex GST) $980
Agent SBX Code Number: M1795 - SBX Business Brokers
- 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