Description

Newsagency selling newspapers, magazines, lotto, scratchies, stationery, cards, school books, toys, soft drinks, tobacco products, phone cards, gift items, confectionery etc. - Lotto sales approx. $1 million per year. - Lotto commission included in takings - Premises includes 16 security cameras & new POS system.

Potential

Can offer parcel pickup, parcel logistics and money transfer service - Place more vending machines and ATM to increase revenue.

Features

Low rent - Established for over 30 years - Well known in local community - Established accounts with several local businesses with 7 day payment terms from end of month.

Premises

Two level premises with an area of 140 sq.mts. with office space upstairs, 2 self-contained toilets.

Location

Excellent location near schools, local businesses, gym, restaurants & 170 metres from train station in South Sydney

Trading Hours

7 days - Mon. - Fri. - 6:30 a.m. - 6:00 p.m. - Sat.- 6:30 a.m. - 2:00 p.m.- Sun. - 7:00 a.m. - 1:00 p.m.

Lease

Current lease expires Dec. 2023 + 5 years option. - C.P.I.annual increases. - 3 months bond.

Employees

2 owners (wages shown in profit) + 1- 2casualss

Comments

Miscell. - 1 - GST and other general expenses - Easy approval from landlord. - Buyer will require registration with NSW Lotteries - Price is only slightly negotiable

SBX ID

SF1109PM