PROFITABLE NEWSAGENCY AT SOUTH EASTERN SYDNEY SHOPPING DISTRICT

4 days ago

Location:
Maroubra 2035 > Sydney - Greater > New South Wales

Investment level:
$150,000 (Negotiable) + SAV

Type:
Business

Industry:
Retail > Newsagency, Lottery & Post Office

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Summary

This is a rare opportunity to own a profitable news agency at a very strategic location in the heart of a shopping district in Sydney South Eastern suburb.

Revenue

$700,000 pa

Net Profit

$75,000 pa

Location Details

Located on the main street in a busy shopping district in Sydney South Eastern shopping district.
Ample of street parking in front of the shop.

Potential

Due to its strategic location, the business has lots of potential to grow beyond the traditional newspaper, lottery and tobacco products.
New line of services includes courier hub for e-commerce delivery, has proven to be popular.
New owner can also introduce international money transfer business.

Skills

The current owner run the business most of the time.
He is committed to provide adequate training for any new owner.

Hours

Open 7 days in a week from 7AM.
Monday to Friday open until 5PM and weekend open until 2PM.

Lease

The current owner owns the property, and will provide a 4+4 years lease to any reputable buyer at $600 pw + GST.

Employees

The current owner has owned and run the business for 12 years.
He runs the business himself on weekdays. He employs one cassual staff for weekend, and one delivery man to deliver newspapers.

Reason for Sale

Owner is retiring.

About the Business

This is a rare opportunity to own a profitable newsagency like this.
Strategically located on a main street with ample street parking in front of the store.
Within a busy shopping district in Sydney South Eastern suburb.

The business also has complete financial records. Proving the sales figures is not an issue.
Last year the owner introduced courier hub service for e-commerce delivery and has become a popular service due to its strategic location.

The selling price of the business includes fitting & fixtures, computerised cash register, sophisticated CCTV, flat screen TV and signages.

History

The owner bought the business 12 years ago and subsequently also bought the property.
The owner will provide a 4+4 years lease to any reputable buyer.

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