Newsagency In Darlinghurst Area For Sale

Business description

Newsagency - Darlinghurst area - for sale - RB 126

You’ll see that this is a very profitable and very stable business that’s situated in a busy and popular shopping centre.

Long established newsagency with the current owner operating for over 6 years.

Excellent neat and tidy presentation with nothing to spend.

Turnover $2,540,000 10/11

Profit $200,000 includes 1 owners wage

Price $500,000 + stock at value approx. $60k

This is a quality business showing great cash flow in an excellent position and in a defensive industry.

Lotteries commission over $100,000.

Sub agencies income over $1000 per week.

There are no newspaper deliveries which makes this a simple business to run.

Property information

Real Estate:

Lease

Leasehold rent:

$125,000 per annum

Location:

Local busy shopping centre with excellent parking in a high density neighbourhood

Premises details:

Very good, neat & tidy premises

Business Operation

Expansion potential:

There are a number of simple but potentially very proftable options for the new buyer

Competition / Market:

No competition in the immediate area

Reasons for selling:

The vendors now have a growing family and want to concentrate on that

Trading hours:

7.30 - 6.30

Employees:

2 + vendor & his wife

Years established:

15 years plus

Other information

Support & training:

All support & training will be provided to the buyer

Inventory / Stock value:

$60,000

Relocatable:

This business can be relocated.