EASTERN SUBURB NEWS AGENCY – MAKING $118,000 NET PROFIT/YEAR

Description

Summary

Great investment opportunity, this news agency located in the heart of Sydney Eastern Suburbs has been established for 13 years. Professionally run with detailed financial records available for inspection. As an investor, you will earn $118,000/year (46.3% ROI p.a.). If you want to run the shop yourself, you will earn $163,000/year income.

About the opportunity

Perfectly located in a quality up market location with NO competition, with proven stable income and long lease this is a low risk investment providing high earnings. This news agency is the main agency for newspaper distribution with a significant territory covering wealthy residential and businesses in the top end Sydney Eastern Suburbs, and is the only tobacco supplier in the area too. Surrounded by schools, this is the closest shop selling stationary, toys, confectionary and drinks.

The top 3 selling products are newspaper delivery, lotto and tobacco; with a total annual sales of $1,000,000.

3 staff runs the shop, and the owner comes once a week “for an hour” to meet the staff and collect cash payments. The shop is also equipped with CCTV that can be remotely access.

If you are an investor, this is a great investment generating $118,000 income per year, 46.3% return on investment.

If you want to work yourself in the store for 5 days a week, you will earn a net income of $163,000 per year.

This is a rare opportunity to own such a healthy business in the Sydney Eastern Suburb.

Potential

Introduce new product line to the surrounding community.

Hours

Monday to Friday 6.AM to 6PM. Saturday 6.30AM to 5PM. Sunday 7AM to 1PM.

Lease

Shop size 45 square meters. Current lease expires 31 September 2021 with option to renew another 5 years.

Training

No specific skillset is needed. The seller is committed to provide 2 weeks of training to ensure a smooth handover.

History

The business was established in 2004 and the current owner has been owning the shop for 3 years.

Don’t delay, contact us today.

Listing Details

  • Listing Number: 46971-89058
  • Location: Woollahra Municipal Council, New South Wales
  • Price: 230,000.00 AUD
  • Down Payment: 15,000.00 AUD
  • Sellers Discretionary Earnings: 0.00 AUD
  • Category:

  • Inventory: 0.00 AUD
  • FF&E: 0.00 AUD
  • Employees: 0
  • Years Owned: 0
  • Reason for Selling: NA

Business Listed By: