Newsagency - Lotto - Newsagency - Established 38 years Nett over $3603 p.w.- Northern Beaches - Syd - SM1492
Newsagency - Lotto - Newsagency - Established 38 years Nett over $3603 p.w.- Northern Beaches - Syd - SM1492
Industry :
RetailSub Industry :
Newsagency/TattsNewsagency - Lotto - Northern Beaches - Agent SBX Code Number: SM1492
Newsagency selling magazines, newspapers, stationery, cards, gifts and Opal cards. Lotto sales are approximately $970,000 per year with commission of $97,000 which has been included in takings shown. CCTV monitoring and back to base alarm system. Large storage for secondary on-line business. Profit shown is for two working owners in the business with no wages .
Potential
There is an opportunity to expand gift lines and/or food supplements and stationery. Suit a couple or family business.
Features
Well established business for over 38 years. Low rent. Long lease. No paper deliveries or subagents.
Premises
Well presented shop of approx. 150 m2 including office with plenty of storage and separate bulk storage area with staff toilet and car loading dock access.
Location
Situated within a village style shopping centre with a major supermarket, cafes, bank, restaurants, library and a primary school opposite.
Trading Hours
5.5 days. Monday to Friday 800 am to 500 pm. Saturday 800 am to 330 pm. Sunday / Public holidays Closed.
Lease
5 x 5 lease commenced 10th May 2021. CPI annual increases. One month bond.
Employees
1 owner plus 3 casuals.wages $650 pw - profit shown is for two working owners
Comments
This is a fantastic business opportunity for a single operator, couple, family or business investor wanting to let a manager operate and run the store. Lease includes off street parking for 2 cars. Please do not speak to the owner or staff unless authorised by the agent.
Figures
Weekly Sales $22500
Rent (ex GST) $1217
Wages $0
Profit $2650
Agent SBX Code Number: SM1492 - SBX Business Brokers
SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.
Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.
SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.
To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.
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$200,000 + SAV
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Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
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The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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