Internal Ref: M2205
Summary
SBX Code: M2205 - Short trading hours newsagency with great growth potential. New 5 years lease available with cheap rent.
Rent
$770 pw
Net Profit
$2,155 pw
Location Details
Top location in high foot traffic area of major shopping centre in Lower North Shore area.
Potential
Could restore normal trading hours 7 am to 6 pm ( Monday to Friday ) and 8 am to 2 pm. ( Saturday ) to increase sales. Could add tobacco products ( lease permitted ) and increase soft drink items to boost sales and profit.
Hours
5 days - Monday to Friday 930 am to 6 pm.
Lease
New 5 years available without refurbish requirement. - 4% increases - 3 months bond.
Employees
One owner
About the Business
Newsagency - Retail - Lower North Shore
SBX Code: M2205
Retail newsagency mainly selling lotto, cards, magazines, stationery and newspapers etc. The takings include lotto and scratch sales average $13610 per week with 12% of commission $1633 per week. Currently only trading 5 days with short trading hours 930 a.m.-.6.p.m. ( Mon.- Fri. ) due to the vendors health problem.
Features
Great and busy location. No competition. Easy to operate. Short trading hours. New 5 years lease available with cheap rent. Great growing potential. Well priced.
Premises
Well presented shop with area of 55 m2.
Comments
Misc.- 1- Refers to lotto charge fee. Misc.- 2 - Accountant fees etc. Keen vendor wants to quick sale duo to heath reason. A good buy opportunity. The shop POS can be reviewed on meeting. A must to inspect. Please be discreet when visiting the premises.
SBX Code: M2205
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