Newsagency - Lotto - Retail - Convenience Store
Newsagency - Lotto - Retail - Convenience Store
Industry :
Food/HospitalitySub Industry :
Convenience StoreFor Sale: Established Newsagency, Lotto & Post Point Agency WIWO - Sydney City Fringe
General Description
Well established newsagency operating for over 40 years in a high exposure Sydney city fringe location. This versatile retail business combines a traditional newsagency with Lotto and licensed Post Point services ( licence to sell post office products like stamp, prepaid satchel, parcel collection/returns), generating multiple income streams and strong repeat customer traffic.
The business offers a broad product range including newspapers, stationery, soft drinks, cigarettes, gift cards, goget cards and postal products. It is also an NTN parcel collection point, adding further convenience and customer visitation.
The premises are fully equipped with a computerized POS system featuring two cash terminals, air conditioning, four security cameras, and a dedicated storeroom. Lotto commissions exceed $50,000 per annum.
Positioned directly opposite a newly established university campus and surrounded by hospitality venues, commercial offices, and other businesses, the store enjoys excellent foot traffic throughout the day.
Potential : Significant opportunity to further increase revenue by introducing
Coffee machine
ATM facilities
Fresh flowers
Pie Machine
Expanded gift and convenience product range
Features :
Prime city fringe location
No direct competition nearby
Established for over 40 years
Strong and loyal customer base
Nothing to spend
Multiple income streams
Secure long lease
Excellent exposure and foot traffic
Premises :
Well presented retail shop with a spacious storeroom and office area, occupying approximately 100 sq. mts.
Location :
Busy street front position close to major bus, tram, and train interchanges, universities, colleges, and surrounding commercial offices in Sydney's city fringe.
Trading Hours :
Monday Friday: 7:00 am 6:00 pm
Saturday: 7:00 am 1:00 pm
Sunday: Closed
Lease :
Current lease expires February 2029 with an additional 5 year option. Lease includes CPI increases only and an attractive low bond requirement of just one month.
Sale Reason :
Vendor relocating.
Financial Overview :
Asking Price: $160,000
Stock (approx.): $10,000
Annual Rent: $80,218 + GST
EBITDA: Approx. $100,000
Business Reference Code : PB1530
Queensland
Australia
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$160,000 + SAV
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Buying Advice :
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