RENT CUT 13% LOTTO UP 14% PRICE DOWN SHELLHARBOUR NEWS

Price: $190,000 Location: Wollongong & Illawarra, NSW Ref: 4086955
Agent:
John Emmery
Agent Phone:
Office Phone:
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Business Headline :
RENT CUT 13% LOTTO UP 14% PRICE DOWN SHELLHARBOUR NEWS
Price :
$190,000
Category :
Retail, Newsagency/Tatts
Full Description :

 

Situated conveniently in the middle of the shopping centre in between Coles & Woolworths and next to Myer.

193 sq metres of shop/office space incl. a small office.  

Very low rent for this size of centre.  Current lease ends Sept 2019 but new lease available for approved applicant for 5 years INCLUDES 13.9% DROP IN TOTAL RENT & OUTGOINGS!   

In addition, the Centre will pay for $60,000 of renovations to shop!

Price for Goodwill and F & F dropped to $190,000 + stock

Business generates $4,083 “net” profit per week (see P & L below).

24/7 newsagency software support comes from Tower Systems, the leading provider to newsagencies in Australia.   

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.

LOTTO

Ranked #16 in sales in NSW/ACT amongst some 1,500 Agencies  

     Up from #50 in 2013/14

Lotto commissions: $5,919 p.w. in 2018.  

Commissions up 14 % YTD 2019 versus last year.

3 Lotto terminals

NON-LOTTO SALES 

CARDS/WRAP – Generate $2,610 weekly gross profit

STATIONERY – Generate $1,257 weekly gross profit

GIFTS – Great Potential!

PURCHASE PRICE 

GOODWILL & FIXTURES & FITTINGS $190,000 o.n.o.

STOCK   $70,000

(estimate – will be counted by independent stocktaker)

TOTAL $260,000

OPENING HOURS

Monday to Fri 9am to 5.30pm (except Thurs)    Thursday 9am to 9pm

Saturday 9am to 4pm

Sunday          10am to 4pm

 

TRAINING

We offer full training and assistance.  This includes guidance in the preparation of applications for Lotto, major suppliers and the retail lease.  

LIKE TO VISIT THE BUSINESS?

You are very welcome to visit the business.  This sale is confidential.  We would ask you not to approach the staff regarding this sale.

John Emmery

0423 529 041

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 : $155,012 - Weekly Rent : $2,981

Annual Turnover : Not Disclosed - Weekly Turnover : Not Disclosed

Annual Gross Profit : $610,636 - Weekly Gross Profit : $11,743

Annual Ebit : $212,316 - Weekly Ebit : $4,083

Lease Commencement : Sep 2009

Lease End : Sep 2024

Lease Option: 0 years

Current Outgoings pa: $36,712

Total Floor Area : 193 Square Metres

Total No of Parking : 3000

Franchise : No

Approximate Stock Value : $70,000

Year Established : 2000

Days Trading : 7

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

Staff Salaries : $111,228

Reason for Sale : Retirement

Location : Shellharbour

Business Potential : Free refit of shop value $60,000. Potential to significantl;y grow Gifts

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