Internal Ref: SF1291
Summary
SBX Code: SF1291 - Newsagency - MOTIVATED VENDOR - Great location in Inner Sydney Potts Point - Good foot traffic - Profit $2,542 p.w. - Lotto sales $ 1,000,000 per annum
Rent
$2,413 pw
Net Profit
$2,542 pw
Location Details
Centrally located near a main street in a very busy village plaza with high foot traffic in the Eastern Suburbs near the train station and new devel
Potential
Longer trading hours are allowed under zoning - Many new developments and apartments have already opened nearby - Increase stock variety and add gifts - Add dry cleaning - Change to any other business (STA) -Update the front of the shop for more exposure - Lots of potential for a motivated new owner
Hours
7 days Monday to Saturday 7 am till 7 pm. Sunday 7 am till 5.30 pm.
Lease
September 2016 till September 2023. 2.5% increases. 3 month bond. (New lease or option should be a
Employees
1 owner - 1 casuals wages of $350 p.w. has been removed from wages and shown in profit as for 1.5 owners)
About the Business
Newsagency - Retail - Gifts - Cards - Lotto - Sydney City Fringe
SBX Code: SF1291
Newsagency with a recent $20K update on Lotto counters -Priced to sell. Long-standing and well regarded Newsagency - Selling lotto, papers, magazines, greeting cards, stationery, tobacco, cigarettes, drinks, confectionery, phone cards, mobile phone accessories, toys and stamps - photocopy and fax service.- Yearly Lotto sales over $1M with generated commission approx $105K per year - LED light has been installed in store. - CCTV camera - Hubbed courier service, blue shift service and N Parcel and Western Union money transfer.- Priced for WIWO quick sale - Price is plus stock at value approx $55,000 - Lots of potential for a motivated new owner
Features
Rent includes outgoings - Great location - High foot traffic - Regular and loyal customers. - Best lottery sales - Close to train station - Well established and known in the area - Built up area with lots of apartments - Below a small hotel.
Premises
Highly visible shop front below a small hotel with excellent fixtures and good layout. Large shop with storage area, office, mezzanine level and toilet and total area of 138 sq. mts.
Comments
Misc 1 - Other general expenses. This is a great business in a very busy location with lots of cafes, pubs, retail and residential nearby - POS browser system in place. - Recent $20K update on Lotto counters - Multiple first division Prize wins in this shop including one syndicate in March 2020.
SBX Code: SF1291
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