Internal Ref: G1748
Summary
SBX Code: G1748 - Lovely business - Eastern Suburbs NSW - Same owner for 11 years - Rent $962 p.w. - Lotto $65000 pa - Highly desirable location .
Rent
$962 pw
Net Profit
$2,053 pw
Location Details
Well located on a busy main road close to a major fruit market and large Eastern Suburbs residential & shopping area.
Potential
Could paint the shop and give it a fresh new look. There are many new home units being built close by.
Hours
7 days, Monday to Saturday 7 am to 7 pm & Sunday 7 am to 4 pm.
Lease
5 year lease commenced October 2021. 3 months bond. 4% annual increases.
Employees
2 owners (Husband & Wife)
About the Business
Newsagency - Stationery - Eastern Suburbs
SBX Code: G1748
Newsagency selling Lotto, newspapers, magazines, stationery, tobacco, opal cards, phone & sim cards, phone accessories, soft drinks & confectionery, fax & photocopy service & parcel agent. Lotto commission is approximately $65,000 per annum.
Features
Well established business. Great location. Large sales of cards & stationery. Low rent. Regular affluent customer base. Same owner for 11 years. Very consistent turnover.
Premises
The shop has an area of 40 sq mts with a small store room & tea room.
Comments
Please note that the current owner has renewed the front counter & Lotto area.
SBX Code: G1748
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