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Property No: 2273979

Business for Sale - New South Wales

Retail
Sold - $495,000 - 27/07/2016
Business for Sale - New South WalesBusiness for Sale - New South WalesBusiness for Sale - New South WalesBusiness for Sale - New South WalesBusiness for Sale - New South WalesBusiness for Sale - New South WalesBusiness for Sale - New South WalesBusiness for Sale - New South WalesBusiness for Sale - New South Wales

Well established. - Very secure business.

This has to be one of the easiest to run business with good turnover and profit. Well established. - Very secure business.
Newsagency and convenience store in Sydney South - West, surrounded by residential and retirement village on the local shopping strips, only three minutes walk to Train station.
No restriction on trading hours, currently open for 7 days from 5:30 am to 8 pm, weekends till midday only.
Currently sell your typical newsagency items such as newspaper, magazines, greeting cards, stationery, lottery tickets, travel tickets, cigarettes. Also has a drink display, confectionery display, ice cream chest freezer, and on- the- wall shelves for some convenience items.
It also provides a dry-cleaning sub-agency service (drop-off and pick up only) which has a high margin profit (30%) and a parcel pick-up service.
This Newsagency has been established over 25 years, it has won major Lotteries prize on multiple occasions and it is well-known in the area for that reason.
Long secured lease with good rental for the area and space ($ 900 per week incl. GST). It would be suitable for husband and wife to run the business.
* Turnover Newsagency : $ 873,748
* Turnover Lotteries & Instants : $ 1523,624
* Trading : 7 Days
* Staff Wages Ongoing p/a : $ 28,505
* Delivery Run : No
* Agencies : NSW Lotteries

* Owners Profit : $ 303,106.75
* Stock (est) : $ 100,000

* Asking Price : $ 495,000 + stock, serious offers considered

Business Type:Retail
Open for Inspection Times:

By Appointment - Contact Agent.

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