Newcastle area - Long lease - No competition

5 days ago

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Internal Ref: M1615

Summary

SBX Code: M1615 - Newcastle area with takings of $38,270 p.w.

Rent

$71,240 pa

Net Profit

$145,860 pa

Location Details

Good location in shopping village.

Potential

Ideal for owner operator or investor.

Hours

6.5 days. - Mon. - Fri. - 500 a.m. - 600 p.m. - Sat. - 600 a.m.- 400 p.m. - Sun. - 600 a.m

Lease

5 + 5 year lease commenced 4/12/2016. - C.P.I increases - 3 month bond.

Employees

1 owners (20 hours p.w.) + one full timer + 4 casuals.

About the Business

Newsagency - Newcastle Area

SBX Code: M1615
Full newsagency selling newspapers, magazines, cards, books, stationery, postage etc. -Lotto sales $937k in year 2018 - No paper delivery.

Potential
Ideal for owner operator or investor.

Features
Low rent. - Solid income. - No competition.- Loyal customers.- Long lease

Premises
Well presented shop with an area of 144 sq. mts.

Location
Good location in shopping village.

Trading Hours
6.5 days. - Mon. - Fri. - 500 a.m. - 600 p.m. - Sat. - 600 a.m.- 400 p.m. - Sun. - 600 a.m.-1200 p.m.

Lease
5 + 5 year lease commenced 4/12/2016. - C.P.I increases - 3 month bond.

Employees
1 owners (20 hours p.w.) + one full timer + 4 casuals.

Comments
The above figures shown are based on 1 fulltime owner working in the business. - Stable income for many years - Full financial figures available.

SBX Code: M1615

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