Listing status: Inactive

Payment not completed Reason: Off Market

Newsagency - Retail - Gifts - Cards - Newsagency - Financials available - Profit $3500pw Central Coast Nsw - F2613C

Industry: Professional - All, Professional - Brokerage, Professional - All, Professional - Brokerage | Listed by: SBX Business Brokers


Key Strengths:


About the business

Newsagency - Retail - Gifts - Cards - Central Coast - Agent SBX Code Number: F2613C

Newsagency that has ten sub-newsagents. Deliveries. Seven days approximately 150 per day (done by staff member). Lotto sales are approx. $900,000 per year approximately giving annual lotto commission of approximately $94,000 per annum. Profit shown is for two owners or partners running the business together. Currently two part time elderly owners (share working hours ). Twelve sub newsagents. This business has the whole of the CBD and the suburb to its self so no competition. Weekly sales shown are excluding GST. Elderly vendors are retiring after 34 years of running the business. A genuine sale with full financials. Sales improving during Covid-19.

Potential
Much more scope for substantial increase in stationery and gift ware sales. Owner could do deliveries and save approximately $1000 pw in wages.

Features
Same owner over thirty four years. Great fit out. Not a cent to spend. Video surveillance in recently relocated main shop. Back to base security. New high rise residential building developments beginning to emerge. Same landlord since 1986. Suburb development for high rise units in suburb are booming.Own whole suburb exclusively.

Premises
The shop has an area of approx. 200 sq. meters with large offices at rear and plenty of off street parking.

Location
Prime street front location + second smaller shop 150 meters away in equally great location.

Trading Hours
7 days - 5.30 am to 5.30 pm

Lease
The lease is currently month to month Currently no bond, CPI annual rental increases. A new satisfactory buyer can get a new long lease from the landlord .

Employees
One owner plus casuals as required.Profit is for 2 working owners ,wages are for delivery person.One owner works from 2pm until close Mon-Fri and weekends .

Comments
The business enjoys the total suburb area as exclusive territory for both newspaper and magazine sales. Map available. Recently $70,000,000 of building development has been approved by local council moving forward. This will no doubt increase sales across all selling lines and lend itself to further profit growth moving forward.Great long term investment for a young enthusiastic couple. Delivery vehicle is EXTRA to the selling price (Late model suzuki Ignis sedan.).Stock can fluctuate anywhere between $20000.00 to $40000.00.Vendor will assist the purchaser with a smooth transition to new ownership given his many years of running a newsagency business.

Figures
Weekly Sales $27669
Rent (ex GST) $730
Wages $0
Profit $3500


Agent SBX Code Number: F2613C - SBX Business Brokers
Know someone that could be interested in this?
Asking Price:
$198,000
Yearly Profit :

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Country

Australia

State

New South Wales

Suburb

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Postcode

2250

Locality

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Established on
1988

Revenue

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EBITDA

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No. of employees

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Lease period

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Stock

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Contact Details Verified

EmailEmail Address

Email Broker Verified

Advertiser Details
Company Logo
New South Wales
Australia
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