Newsagency Inner West.
SOLD by Peter Golding
This excellent newsagency shows strong income and profit growth . The newly renovated store is part of a Village location set among cafes, bars and trendy eating places. The local area has changed over the years with a massive switch from warehousing to residential developments meaning the numbers of full time residents have increased dramatically. There are increasing numbers of young families in the close proximity.
This is evident in the Newsagencies Sales growth from 2015 to 2016 of more than 11 %! In fact the Lotto Gambling commissions alone pay for the annual rental of the shop!
Newspaper sales are about 20% of annual sales so you can see this business is able to have higher profits than its counterparts due to the profits on other products sold such as Magazines, Locally made greeting cards, Stationery and the like. The location is within a pinch of the railway station which means that there are regular streams of customers in and out of the store. There a number of Sub Agencies that sell their papers and magazines. 7Eleven, Woolworths to name a few.
The lease is solid and has in total four years to run and the rent is extremely competitive at $953 per week plus GST. That’s only 4.4 % of turnover. This fact combined with the knowledge that the shop really only needs one person to run it plus a driver ensures that the costs are low and another factor in why the profits to an owner operator are so good!
Weekly sales based on ACTUAL TAXATION figures for 2016. $22837
Weekly Profit as per Financial Statements for 2016 to owner operator after all costs $3000 before his wage and after paying all expenses plus an extra $1055 to staff wages ( Driver and part timweekend lady )of which a large portion would be saved for a couple if they were to buy the business..
- Low rent
- Low running costs with only one staff needed daily.
- Long term driver employed.
- Long term retail assistant.
- Strong growth from 2015 to 2016
- Fully refurbished shop close to Railway Station in picturesque village atmosphere.
The owner is a genuine seller and the business is PRICED TO SELL.
Sales Price $230,000 plus stock. stock approx. $22,500.
For more details all you need to do is click on the confidentiality agreement link below and submit on line. Its that simple and I will then be pleased to discuss further the business with you.
Peter Golding 0414 242 830 [email protected]
- Current Status: Sold
- Code: PG 288
- Category: Non Food
- Type: SOLD
- Location: Inner West
- Sales: $22,837
- Period: week
- Net Profit: $3,000
- Rent: $953
- Stock: $22,500
- Price: $230,000
- Long Financials: 2015
- Staff: One Driver and casual shop assistants
- Lease: 1+3 years