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Business Details
Code:
SD330
Business Type:
Newsagency
Area:
Penrith area
Established:
30 years approx
Lease:
5 + 5 with 7 years remaining
Rent (excl GST):
less than $23,000 per annum (very low rent)
Delivery Run:
Mon-Fri =120, Sat = 170, Sun = 250 (done by delivery
driver)
No of Staff:
vendors only
Approx Turnover(excl GST):
Reason for Sale: Retirement of vendor
      General Information

This long established newsagency is only being sold due to the retirement of the
vendor. It
is situated in a busy strip shopping centre with a good passing trade.

There are deliveries, which are presently done be an external delivery driver -
an
opportunity for the new owner to do deliveries and increase the profits.

Rent is exceptionally low at $22705 per annum - you won't get better rent than
this.

Lotteries commission is a very high $$78,000 (2013), covers the rent by 3.4 times.

The vendor wishes to retire and has put a low price on the business to achieve a
quick sale -
a great opportunity for owner operators or a family.

Asking Price:
$140,000 +SAV
 
For more information, please contact:
David Ferguson on 0412 488 295


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