Newsagency, lotto & gifts
$135,000 + SAV ($110,000 approx.)
Web ID:
Business Description
Located in the Seaford Central Shopping Centre in Seaford, a fast growing suburban area 35km from Adelaide. The shopping centre is located just minutes
from Adelaide’s most popular beaches. The centre is home to Big W, Woolworths, Foodland, Cheap as Chips & an extensive variety of fresh food, services,
homewares and gifts. The vendors have been running the business since April 1993 and it offers traditional newsagency items, plus gifts, cards, etc.,
and has a very profitable lotteries agency that will be transferred to the buyer.
At a glance:
- Southern area, minutes from popular beaches
- Prime position opposite supermarket
- Strong lotto agency and consistent sales over many years
- Trading 6 days only, providing solid returns with a good work life balance
- After 24 years the vendors are looking to semi retire
Tony Iasiello 0412 217 608
Extended Price Information
| Goodwill including Plant & Equipment | $135,000 |
| Stock at valuation (approx) | $110,000 |
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$245,000 |
Financial Summary
| Year
|
Sales | Return to Owner | |||
| n/a | $844,197 | $128,152 | |||
| 2014/2015 | $853,191 | $123,055 | |||
| 2015/2016 | $798,688 | $114,851 | |||
| 2016/2017 | $737,927 | $116,311 |
Staff Summary
The business employs three casual staff.
Lease Summary
| Current Rent | $7,117 per month + GST |
| Lease Term | 5 years |
| Lease Commencement | 1st December 2014 |
| Right of Renewal | 1 x 5 years |
| Outgoings | $1,809 per month + GST (includes promotion Levy) |
| Adjustments | 4% annually |
| Current Rent |
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Plant & Equipment
| Original Cost of Plant | $130,656 |
| Written Down Value of Plant (approx.) | $49,206 |