Internal Ref: SM1492
Summary
SBX Code: SM1492 - Well established for 38 years - Rent only $1217 pw plus gst - 10 yr lease from 10.05.2021- Off street parking for 2 cars - Lotto income $97000 per annum.Priced to sell.
Rent
$1,217 pw
Net Profit
$2,650 pw
Location Details
Situated within a village style shopping centre with a major supermarket, cafes, bank, restaurants, library and a primary school opposite.
Potential
There is an opportunity to expand gift lines and/or food supplements and stationery. Suit a couple or family business.
Hours
5.5 days. Monday to Friday 800 am to 500 pm. Saturday 800 am to 330 pm. Sunday / Public holidays Cl
Lease
5 x 5 lease commenced 10th May 2021. CPI annual increases. One month bond.
Employees
1 owner plus 3 casuals.wages $650 pw - profit shown is for two working owners
About the Business
Newsagency - Lotto - Northern Beaches
SBX Code: SM1492
Newsagency selling magazines, newspapers, stationery, cards, gifts and Opal cards. Lotto sales are approximately $970,000 per year with commission of $97,000 which has been included in takings shown. CCTV monitoring and back to base alarm system. Large storage for secondary on-line business. Profit shown is for two working owners in the business with no wages .
Features
Well established business for over 38 years. Low rent. Long lease. No paper deliveries or subagents.
Premises
Well presented shop of approx. 150 m2 including office with plenty of storage and separate bulk storage area with staff toilet and car loading dock access.
Comments
This is a fantastic business opportunity for a single operator, couple, family or business investor wanting to let a manager operate and run the store. Lease includes off street parking for 2 cars. Please do not speak to the owner or staff unless authorised by the agent.
SBX Code: SM1492
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