Summary
The business has been running over 20 years and performing well. The rent is only $850 pw but located in the heart of Wollongong, Off street parking for over 10 cars.
Revenue
$4,000 pw
Rent
$850 pw
Expenses
$70 pw
Net Profit
$3,080 pw
Location Details
6/175 Keira Street, Wollongong, NSW
It is located in local shopping strip and only 5M to the shopping center. Off street parking for over 10 cars.
Potential
There is an opportunity to expand gift lines and stationery. Easy to change to a convience store. Suit a couple or family business.
Skills
No previous experience necessary. Full training, support and handover will be provided by Australia Lotto (2 weeks training) and the current owner.
Hours
5.5 days. Monday to Friday 7 am to 5 pm. Saturday 8 am to 2 pm. Sunday / Public holidays Closed.
Lease
Long Lease over 5 years
Employees
2 owner plus 1 casuals.
Reason for Sale
The current owner has been running the business for 7 years and wants to give himself a long holiday.
About the Business
Magazines, Newspapers, Stationery, Cards, Gifts and Confectionary are selling in the business. Lotto sales are approximately $300,000 per year with commission of $30,000. There are a large number of stable customers with newspaper home delivery services, which sales are approximately $280,000 per year with commission of $70,000.
These figures do not include stock sales, which provide an additional revenue stream for the business if it changes to a convenience store.
Features
Well established business for over 10 years. Low rent. Long lease. Stable customer and subagents.
Premises
Well presented shop of approx. 60 m2 including a large storage room.
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