Australia

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Listing Id: 36260 Last Refreshed: 02/04/2025 Total Views: 4 Broker Ref: 23719

Newsagency Under Management, Eastern Suburbs, Lotto Commission over $220K in a Bustling Retail Hub

Sydney Region, SydneyNewsagents
Asking Price: $295,000
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

NA

Description

This newsagency is located on a busy main street, attracting high foot traffic and a diverse customer base. Offering a wide range of products including stationary, gifts, magazines, newspapers, lotto, cigarettes, drinks and confectionery, it's the go-to destination for locals and visitors alike.

The business is presently operating under management with trained staff, generating profits for the owner. An owner-operator has the potential to benefit further from this business opportunity.

Key Features:
- Secure lease in place till 2029
- Strong Lotto Sales of $1,900,000 annually with commissions over $220K plus
- Strong greeting card sales of over $87,000 annually
- Diverse Revenue Streams Giftware, Lotto, magazines, newspapers, Greeting cards and cigarettes
- Great store fit-out with CCTV and current lotto image
- Suits both owner operator or under management

This is a fantastic opportunity to acquire a profitable, easy-to-run business with strong foundations. Enquire now to learn more!

Contact the broker on 0481 588 488 for more information.
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