Newsagency - Established - Family Business - PM1086

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$149,000

Description

<p>This boutique Newsagency is located in one of the oldest established suburbs in NSW. Selling newspapers, magazines, lotto, scratchies, stationery, cards, school books, toys, phone cards, gift items, confectionery etc. - Lotto gross sales are included in weekly takings - The Lotto counter is up to date with all the latest features and situated in the best position of the store to capitalise on sales - Please note that owners wages have been included in weekly profit -</p>

Potential

Potential to add parcel pickup and money transfer to increase sales - Promote local market - Ideal for family business - This business presents plenty of additional opportunities to increase takings such as: Introduction of tobacco products - add Western Union sales - sell fresh flowers and more.

Features

Great Established location - Loyal regular customer base - Stable income - Easy operation. Low rent - Well priced - Lotto sales over $550,000. per year with a commission of $76,000. per year payable to the business.

Premises

Handy location at the entrance of the shopping village

Location

Prime location in established shopping village.

Trading Hours

Mon, Tues, Wed & Fri 9.00am - 5:30pm Thurs 9.00am - 7.00pm Sat 9.00am - 4.00pm Sun 10.00am - 4.00pm

Lease

Commenced 20 Sept. 2025 - Terminating 19 Sept 2030 - 4% annual Increases - Bank Guarantee $19,250.

Employees

Husband & Wife run the shop.

Comments

<p>Outgoings are gst inclusive and include: council rates, land tax, air conditioning , insurance, water rates and tenant waste - All interested buyers must arrange a meeting with the vendor through their SBX broker. </p><p>NOTE: Price excludes approx. $30,000 stock.</p>

SBX ID

PM1086

Figures
  • Takings: $15806/week (GST)
  • Cost of Goods: $12993
  • Gross Profit: $2813
  • Rent: $1090
  • Outgoings: $236
  • Telephone: $20
  • Insurance: $29
  • Electricity: $42
  • Misc 1: $46
  • Total Expenses: $1463
  • Nett Profit: $1350
  • Estimated Stock (Additional): $30000
  • All other values ex GST
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