Convenience Store - Tobacconist - Lottery - Takeaway - Gelato - Retail - Convenience Store - Tobacconist - NSW Lottery - City Fringe - SF1608

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


Key Strengths:


About the business

Convenience Store - Tobacconist - Lottery - Takeaway - Gelato - Retail - Sydney City Fringe - Agent SBX Code Number: SF1608

Convenience store - Tobacconist - NSW Lottery - Selling good range of tobacco lines, drinks, confectionery, coffee, hot food, novelty and gift items, ice cream etc. - Newly added Lottery - CCTV with 8 cameras - There are many hotels and nightclubs in the street and a new hotel opening nearby plus 2 new night clubs . Stock $50,000.00 extra to selling price.

Potential
Expand late night food menu - Increase sales and lotto sales as there is no competition in the area - Open more hours - New Hotel opening nearby and 2 nightclubs to open

Features
Popular location with high foot traffic - Can open 24/7 - Only Lotto in the area - Large shop - High margins - Delivery through Deliveroo has started in 2021 - In 2023 Sydney World Pride will be a major event

Premises
Well presented large shop with good signage, storage. a back office, a staff kitchen, 3 toilets and an area of 130 m2.

Location
Great location on main street in an entertainment precinct and next to popular hotels and clubs in the Sydney City Fringe .

Trading Hours
7 days - Sun. - Thurs. - 8 a.m. - 10 p.m.- Fri. & Sat. - 8 a.m. - 1 a.m.

Lease
Current lease expires April,2023 + 3 year option - CPI Increases - 3 month bond

Employees
1 owner + 2 part timers + 3 casuals

Comments
Misc.- 1 - Other general expenses - Sales shown are average Jan - June 2021 and the business has added Lottery in July 2020 with a new fit-out of $80K - Jan & Feb 2022 - Sales down in Jan 2022 around 30% but expected to increase in Feb 2022 and with the new NSW Lottery service. Stock is approx. $50K (SAV) - A new gelato bar Section is just completed just in tine for 2022 summer!! This location has high foot traffic and is one of Sydneys go-to destinations and a must to inspect but please be discreet.

Figures
Weekly Sales $25200
Rent (ex GST) $1534
Wages $1300
Profit $2276


Agent SBX Code Number: SF1608 - SBX Business Brokers
Know someone that could be interested in this?
Asking Price:
$298,000
Yearly Profit :

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Country

Australia

State

New South Wales

Suburb

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Postcode

2010

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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