Newsagency Growing Profits! PRICE REDUCED NEGOTIABLE!

Price: $336,000 Location: Wollongong & Illawarra, NSW Ref: 4086955
Agent:
John Emmery
Agent Phone:
Office Phone:
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Business Headline :
Newsagency Growing Profits! PRICE REDUCED NEGOTIABLE!
Price :
$336,000
Category :
Retail, Newsagency/Tatts
Full Description :

Stockland Shellharbour is one of the largest shopping centres in the Illawarra area, located on Lake Entrance Road at Shellharbour City Centre, approximately 20 km south of Wollongong.

At Stockland Shellharbour there are over 3,000 outdoor and undercover car spaces for customers’ convenience.  And most importantly parking is free!  Bus services are at the door.

Major stores include Coles, Woolworths, Myer, Kmart, Target and Best & Less.

There are all 4 major banks and a Post Office.

Shellharbour Nextra Newsagency enjoys…

  • Growing sales & profits in LOTTO and non-LOTTO.
  • Ranked #13 in LOTTO sales in NSW/ACT, up from #50 in 2013/2014!
  • CARDS/WRAP – $2,610 weekly groaa profit
  • STATIONERY – $1,257 weekly gross profit
  • No home deliveries!
  • 191 sq metres of shop/office space.
  • Very low rent for this size of centre. Current lease ends Sept 2019 but new lease available for approved applicant for 5 or perhaps 7 years.
  • Newsagency generates $3,749 “net” profit per week
  • 24/7 newsagency software support comes from Tower Systems, the leading provider to newsagencies in Australia. Training will be provided

PRICE: $289,000 Goodwill, $47,000 F & F, $84,000 Stock

To To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4086955#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4086955#enquire-now

Annual Rent : $231,816 - Weekly Rent : $4,458

Annual Turnover : $991,328 - Weekly Turnover : $19,064

Annual Gross Profit : $616,408 - Weekly Gross Profit : $11,854

Annual Ebit : $194,948 - Weekly Ebit : $3,749

Lease Commencement : Jan 2014

Lease End : Sep 2019

Total Floor Area : 191 Square Metres

Franchise : No

Approximate Stock Value : $84,000

Days Trading : 7

Staff : 2 Full Time - 4 Part Time - 4 Casual

Staff Salaries : $111,228

Reason for Sale : Retirement

Location : Shellharbour

Business Potential : Potential to significantl;y grow Gifts

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