Business Summary

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: Yulin TuPhone: + 61 2 9899 1999 / 0477 327 133Email: [email protected]

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

Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.

Stock photo images may be used to represent the business on an unidentified basis.

Purchasers are required to make their own enquiries in order to verify the information provided.
Ref: NSW09926
Timestamp: 20230221020046

Property Details