back to search

Busy Convenience Tobacconist Next To Station, Inner Sydney

$380,000

Randwick, New South Wales

Busy Convenience Tobacconist Next To Station, Inner Sydney

Very busy convenience store next railway station, under residential apartments and continuous foot traffic.

Opening hours 5.30AM to 9PM. Saturday 6.30PAM to 9PM and Sunday 10AM to 8PM.

Currently Under Management, but owner operated will make more.

Features.

ATM on site.

Continuous foot traffic.

All equipment in place and working fine.

Week days are busy.

Railway station, hence busy area.

Convenience store and tobacconist.

No Competition.

Employees would stay back.

Lease for 5 years plus 5 years.

Revenue

Weekly revenue over $25,000 to $26000.

Rent is Just $1175/week.

GP: 22%

Full training and pass on all contracts to new purchaser.

Very good opportunity for owner operated, asking price is $380,000 plus SAV.

Weekly net profit for owner approximately $3000 (under management).

Potential

Can add Lotto, as no Lotto around.

Can add hot foods.

Can add photocopy and printer.

Can add money transfers.

Can add canned meat and fish currently none and customer demanding for it.

Before Covid-19 revenue was $40,000/week

Cost to Acquire the business.

$380,000.00 Business.

$15,275.00 Rental Bond (3 months).

$one month rent in advance $5087.

Stock at valuation: $60,000 plus or Minus 10%

Please Contact:

Broker: Gilraj Venkatappa.

Phone: 0401744199

Email: gilraj.venkatappa@linkbusiness.com.au

Listing Number: NSW09633

To complete an online confidentiality agreement, visit this business at: http://www.linkbusiness.com.au/businesses-for-sale/ca/NSW09633

The Purchaser to make his/her own investigations and inquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.
Ref: NSW09633
Timestamp: 20201004020038

Business Links / Tools

Last updated: 4th October 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Randwick
State
 New South Wales
Price
$380,000
Category
  • Convenience Store

Click to share

Agency

Contact

Gilraj Venkatappa