Newsagency - Shopping centre - Eastern Suburbs

5 days ago

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Internal Ref: ML1046

Summary

SBX Code: ML1046 - Newsagency - Shopping centre - Eastern Suburbs - Takings $53,000 p.w.

Rent

$218,140 pa

Net Profit

$199,940 pa

Location Details

Prime position in Eastern Suburbs shopping centre next to major supermarket.

Potential

Suit family business. More products could increase profit.

Hours

7 days - Mon. - Sun. - 830 a.m - 700 p.m.

Lease

New 5 year lease from Oct. 2019 - 5% increases annually.- 3 month bond (Rent has been reduced to $41

Employees

2 owners + 4 - 5 casuals ( one owner fulltime and one owner 20 hours a week)

About the Business

Newsagency - Eastern Suburbs

SBX Code: ML1046
Full newsagency selling newspapers, magazines, books, cards, stationery, tobacco, drinks, phone cards, bus tickets, and lotto.-Current years lotto sales $1,818,837 with commission of $181,883 a year.

Potential
Suit family business. More products could increase profit.

Features
Top location. - Very stable. - Secure business. - No paper deliveries.- Well priced

Premises
This business has an area of 110 sq. mts.

Location
Prime position in Eastern Suburbs shopping centre next to major supermarket.

Trading Hours
7 days - Mon. - Sun. - 830 a.m - 700 p.m.

Lease
New 5 year lease from Oct. 2019 - 5% increases annually.- 3 month bond (Rent has been reduced to $4195 p.w. from $6460 p.w.)

Employees
2 owners + 4 - 5 casuals ( one owner fulltime and one owner 20 hours a week)

Comments
Miscell. 1 - Bank and accountants fees etc. - The Lotto commission almost covers the rent - Great chance to acquire a very secure and profitable business.

SBX Code: ML1046

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