Newsagency - Gold Coast Area - Sales $28,000 p.w.

11 days ago

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Internal Ref: TTQE1003

Summary

SBX Code: TTQE1003 - Well established - Long Lease - Low rent - Profit $4,000 p.w

Rent

$67,600 pa

Net Profit

$208,000 pa

Location Details

Situated on the main road along busy strip shopping area in the Gold Coast.

Potential

Could sub divide up into convenience store etc. - Add coffee machine / juice machine & potential to add more local produce.

Hours

7 days - Mon. - Fri. - 530 a.m. to 530 p.m. - Sat. - 530 a.m. to 3 p.m. - Sun. - 530 a.m. to

Lease

Current lease expires Dec. 2023 - C.P.I. increases - 3 month bond.

Employees

2 owners full time + 5 casuals

About the Business

Newsagency - Convenience Store - Retail - Gold Coast

SBX Code: TTQE1003
Newsagency selling newspapers, magazines, cards, stationery, art supplies, paperback novels, lotto sales, office supplies, educational products etc. - 6 door glass walk in refrigerator / cool room located at the back holds large amount of cold drinks, and range of convenience products. - Great presentation and high quality standard fit out. - Lotto sales turnover is $456,000 p.a. - commission is $45,000 p.a. included in takings shown.

Potential
Could sub divide up into convenience store etc. - Add coffee machine / juice machine & potential to add more local produce.

Features
Great sales and very strong profits - Very well established business. - Long lease and low rent.

Premises
Superbly presented quality newsagency with an area of 160m2 (including office)

Location
Situated on the main road along busy strip shopping area in the Gold Coast.

Trading Hours
7 days - Mon. - Fri. - 530 a.m. to 530 p.m. - Sat. - 530 a.m. to 3 p.m. - Sun. - 530 a.m. to 11 p.m.

Lease
Current lease expires Dec. 2023 - C.P.I. increases - 3 month bond.

Employees
2 owners full time + 5 casuals

Comments
This is an outstanding business with very regular customers. -

SBX Code: TTQE1003

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