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Newsagency For Sale At Bargain Price. Be Quick.

$88,000 plus SAV

Sydney, New South Wales

Newsagency For Sale At Bargain Price. Be Quick.

This News agency is in strip of shops in one of the busy streets Sydney CBD. Close to train station with abundant foot traffic. Surrounded by cafes, Pubs, residences and other retails stores. This is a Bargain price,be quick this won’t last at this price. Currently owner operated.

Features
• Lotto
• News agency
• Western union
• Collection point for parcel service
• Hubbed courier service
• News papers
• Mobile phone accessories
• Phone cards
• Magazines
• Stationaries
• Tobacco. And cigarettes
• Photo copy
• Toys and stamps
• CCTV Camera installed
• High foot traffic
• Loyal customers
• Pos system in place
• Upgraded lotto counters spending nearly $20,000
• Lease till Sep 2023. Land lord ready sign new lease on same terms.
• Very low rent. $2,413+GST per week.
• Lotto sales over 90,000plus per month.
• Shop sale of over $20, 000.per month.
• Trading hours: 7 days a week
• Weekdays: 7AM -7PM
• Sunday: 7AM – 5.30PM.

Full training provided and easy transition. (subject Lotto training and approval). Clean, tidy shop and easy to run by single person. Massive shop with 138 sq meter area with office and toilets with mezzanine floor for gifts and cards shop looks awesome.

This is WIWO opportunity as Vendor’s partners is overseas.

Revenue and Expenses
• Lotto commission= $9K/month approximately
• Store sales- $32K/month with 40% GP= $12,800/Month approximately
• Parcel and money transfer commission= $850/month approximately
• Rent per Month $10,448.29+GST
• Weekly net earnings for owner operator before tax= $2500/week approximately
• This will be a walk n walk out opportunity for quick sale.
• For genuine buyers all papers will be provided after 100% refundable deposit is been paid

Potential
• Add variety of Gifts has good amount space
• Add party balloons. Great demand for this in this area
• Add Laundry services as collection point
• Add Ice cream
• Add jewellery and gift items (full residential area)

Owner takes over $10,000 plus per month before tax.

Cost to Acquire
• Business: $88,000
• 3months lease bond: $31,500
• 1month rental advance $10,449+GST
• Stock: $70,000 + or – 15%
• Legal fees for buying the business and lease

Listing Number: NSW09926

Broker: Gilraj VenkatappaPhone: 0401744199Email: gilraj.venkatappa@linkbusiness.com.au

To complete an online confidentiality agreement, visit this business at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW09926

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES 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: NSW09926
Timestamp: 20210620030101

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Last updated: 20th June 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Sydney
State
 New South Wales
Price
$88,000 plus SAV
Category
  • Clothing/Accessories

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Agency

Contact

Gilraj Venkatappa