Newsagency - Central Coast

5 days ago

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Internal Ref: F2613C

Summary

SBX Business Code: F2613C - Newsagency - Retail Central Coast 2250 NSW - Same owner over thirty years. Great fit out. Not a cent to spend.Video surveilance in shop .Owner retiring.

Rent

$36,816 pa

Net Profit

$208,000 pa

Location Details

Prime street front location + second smaller shop 150 meters away in equally great location..

Potential

Much more scope for substantial increase in stationery and giftware sales.

Hours

7 days - 9am to 5.30 pm

Lease

The lease expires 3.2017 ,but a new lease will be available for a suitable purchaser.Currently no bo

Employees

One owner plus casuals as required.

About the Business

Newsagency - Retail - Central Coast

SBX Business Code: F2613C
News agency that has ten sub-newsagents. - Deliveries - Seven days approximately 150 per day - Lotto sales are approx. $900,000 per year approximately giving annual lotto commission of approximately $90,000 per year.Non lotto sales are approximately $900,000 per year .Profit shown is for two owners or partners running the business.Currently one elderly owner comes in at 2pm six days a week and two is paying $2000.00 per week on wages for delivery of papers and a shop assistant. Twelve subnewsagents.This business has the whole of the Gosford CBD to its self so no competition.

Potential
Much more scope for substantial increase in stationery and giftware sales.

Features
Same owner over thirty years. Great fit out. Not a cent to spend.Video surveilance in recently relocated main shop. Back to base security. New highrise residential building developments beginning to emerge.

Premises
The shop has an area of approx. 200 sq. mts. with large offices at rear and plenty of off street parking.

Location
Prime street front location + second smaller shop 150 meters away in equally great location..

Trading Hours
7 days - 9am to 5.30 pm

Lease
The lease expires 3.2017 ,but a new lease will be available for a suitable purchaser.Currently no bond, cpi annual rental increases.

Employees
One owner plus casuals as required.

Comments
The business enjoys the total suburb area as exclusive territory for both newspaper and magazine sales .Map available.Recently $70000000.00 of building development has been approved by local council moving forward. Delivery vehicle is extra to the selling price.

SBX Business Code: F2613C

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