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
n/a
n/a
n/a

$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

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

Plant & Equipment

Original Cost of Plant $130,656
Written Down Value of Plant (approx.) $49,206
Go Back