SBX Business Brokers Phone : 02 9439 ****

Newsagency - Retail - Established 40 years

Listing Id : 261210

Location : New South Wales

Category : Newsagency and Lotto

Asking Price : 168,000

Business description

Newsagency - Retail - Upper North Shore - Agent SBX Code Number: F3294 Newsagency selling newspapers, magazines and similar publications, greeting cards, stationery, lottery and opal cards. - They provide a delivery service for newspapers and magazines. - Mon. to Fri. approx.160 deliveries. - Sat. approx. 330 deliveries and 430 on Sunday. - They also sell confectionery, drinks, phone cards, transport tickets, toys and gifts. - Services provided include photocopying, fax and other similar services such as dry cleaning agent. - The business has 7 sub-newsagents. - The Lotto fittings have been recently renovated to latest standards at a cost of approx. $20,000. Potential Could increase giftware side of business. Features Same owner 13 years - Large percentage of deliveries done by staff. - Great location. Premises Full newsagency with storage and bathroom at the rear of rhe premises and a total area of 100 sq. mts. Location Prime street front location in small strip shopping centre in Upper North Shore Trading Hours 7 days -Mon. to Fri. - 630 a.m. - 630 p.m. - Sat. and Sun. - 700 a.m. - 200 p.m. Lease A new 9 year lease is available to a suitable purchaser ( 3 + 3 + 3 years) - the annual rental increases will be C.P.I. - The current rental bond is one month. Employees Husband and wife plus 2 paper delivery drivers. - Wife works 4 hours per day Monday to Friday . Comments Lotto sales (included in weekly sales ) per annum $605,137 for last year and the commission rate is 9.3 % - First time on the market and a must to inspect. Figures Weekly Sales $17000 Rent (ex GST) $546 Wages $600 Profit $2200 Agent SBX Code Number: F3294 - SBX Business Brokers

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