Arkaba Newsagency

Sold!

Web ID:

Business Description

  • Located just south of the city
  • Turnover close to $10,000 per week
  • Opposite Woolworths in a major shopping centre
  • Top quality fit out
Simon Winter 0419 828 689

Extended Price Information

Goodwill $18,000
Plant & Equipment (approx written down value) $2,000
Stock at valuation (approx) $80,000
n/a
n/a

$100,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment
2012/2013 $585,017 $87,261 87.26%
2013/2014 $98,326 $98,326 98.33%
2014/2015 $456,971 $34,176 34.18%
n/a
The return to owner is a net return to one working owners after all expenses and wages but excluding the vendor's wage.
The sales have declined but the gross profit has remained consistent due to bus tickets no longer being sold; the margin was only 5% but the sales of these tickets exceeded $40,000 per annum.

Staff Summary

One full time vendor with one part time staff member

Lease Summary

Current Rent $5,696.25 per month + GST
Lease Term 5 years
Lease Commencement 1st February 2012
Right of Renewal Nil
Outgoings $1,250.84 + $227.84 promotional levy per month + GST
Adjustments 5% per annum
Bank Guarantee $8,608

n/a
n/a
n/a
n/a
n/a

n/a
n/a
Go Back