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About this Business for sale in Sydney

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.

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 $90K+ per month approximately.

Shop sale of over $32K per month approximately.

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 138sqm 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)

Very good opportunity for owner operated, asking price is $88K plus SAV. for more information. Owner takes over $10K plus per month before tax.

Cost to Acquire

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

Listing Number: NSW09926

Broker: Gilraj Venkatappa
Phone: 0401744199
Email: 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

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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

Listing: #NSW09926
Profit*: $130,000
Sales Revenue: $384,000
Sydney City, Sydney
Retail, Newsagency
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

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