Newsagency - Retail - Gifts - Cards - Newsagency - PRICED TO SELL - WIWO - City Fringe -Eastern Suburbs - SF1291

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Location Details :

Country

Australia

State

New South Wales

City

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Industry :
Professional - Brokerage ;

Financial Details :

Revenue

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EBITDA

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EBITDA multiplier

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About the business

Newsagency - Retail - Gifts - Cards - Sydney City Fringe - Agent SBX Code Number: SF1291

Newsagency with a recent $20K update on Lotto counters - Selling lotto, papers, magazines, greeting cards, stationery, tobacco, cigarettes, drinks, confectionery, phone cards, mobile phone accessories, toys and stamps - photocopy and fax service.- Yearly Lotto sales over $1M with generated commission approx $105K per year - LED light has been installed in store. - CCTV camera - Hubbed courier service, blue shift service and N Parcel and Western Union money transfer.- Priced for WIWO quick sale -Price is plus stock at value approx $70,000 -Lots of potential for a motivated new owner

Potential
Longer trading hours are allowed under zoning - Many new developments and apartments have already opened nearby - Increase stock variety and add gifts - Add dry cleaning - Change to any other business (STA) -Update the front of the shop for more exposure - Lots of potential for a motivated new owner

Features
Rent includes outgoings - Great location - High foot traffic - Regular and loyal customers. - Best lottery sales - Close to train station - Well established and known in the area - Built up area with lots of apartments - Below a small hotel.

Premises
Highly visible shop front below a small hotel with excellent fixtures and good layout. Large shop with storage area, office, mezzanine level and toilet and total area of 138 sq. mts.

Location
Centrally located near a main street in a very busy village plaza with high foot traffic in the Eastern Suburbs near the train station and new developments, cafes, pubs and surrounded by retail and residential.

Trading Hours
7 -days - Mon. - Sat. - 7 a.m. till 7 p.m. - Sun. - 7 a.m. till 5.30 p.m.

Lease
Sep 16 till Sep 23. - 2.5% increases - 3 month bond.(New lease or option should be available with possible rent reduction)

Employees
1 owner - 1 casuals wages of $350 p.w. has been removed from wages and shown in profit as for 1.5 owners)

Comments
Misc 1 - Other general expenses. This is a great business in a very busy location with lots of cafes, pubs, retail and residential nearby - POS browser system in place. - Recent $20K update on Lotto counters - Multiple first division Prize wins in this shop including one syndicate in March 2020. Motivated vendor, price drop and priced to sell! Sales strong - WIWO with Sales records available - A must to inspect but please be discreet!

Figures
Weekly Sales $17500
Rent (ex GST) $2413
Wages $0
Profit $2542


Agent SBX Code Number: SF1291 - SBX Business Brokers

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SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.  

Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.

 

SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.

 

To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.

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