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Listing Id: 34117 Last Refreshed: 06/12/2024 Total Views: 7 Broker Ref: 22946

Newsagency - North West, Solid Lotto Sales of $2 Million, Plus ATM Income, Rare Chance!

Sydney Region, SydneyNewsagents
Asking Price: $299,000
Business For Takeover
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Overview

  • Premise Type N/A
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role N/A
  • Staff N/A
  • Established N/A
  • Source Broker

Reason For Sale

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Description

This well-established newsagency is located in a high-growth community shopping centre. Boasting a wide shop front, it offers excellent visibility drawing a steady flow of customers.

With multiple revenue streams from cards, magazines, and gifts and additional revenue from an in-store ATM, plus a low rent and a long lease in place, this is a fantastic opportunity for a hands-on operator. A reliable POS system and loyal customer base mean you'll hit the ground running.

Key Features:

1. Solid lotto sales - Net Lotto Commission of $240K
2. Low Rent of $67k including outgoings
3. Long lease till 2029
4. Additional ATM income stream of $10K per annum
5. POS system for efficiency
6. Long-established, loyal customer base

This is an excellent opportunity to secure a solid business with a great return on investment!

For more details, call the broker on 0481 588 488 or fill out a confidentiality agreement to receive the information memorandum directly: https://api.leadconnectorhq.com/widget/form/5rd89rHVecl7l100XcL6
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