Sold

RENT CUT 13% LOTTO UP 14% PRICE DOWN SHELLHARBOUR NEWS

Situated conveniently in the middle of the shopping centre in between Coles & Woolworths and next to Myer.

 

193 sq metres of shop/office space incl. a small office.  

 

Very low rent for this size of centre.  Current lease ends Sept 2019 but new lease available for approved applicant for 5 years INCLUDES 13.9% DROP IN TOTAL RENT & OUTGOINGS!   

 

In addition, the Centre will pay for $60,000 of renovations to shop!

 

Price for Goodwill and F & F dropped to $190,000 + stock

 

Business generates $4,083 “net” profit per week (see P & L below).

 

24/7 newsagency software support comes from Tower Systems, the leading provider to newsagencies in Australia.   

 

Stockland Shellharbour is one of the largest shopping centres in the Illawarra area, located on Lake Entrance Road at Shellharbour City Centre, approximately 20 km south of Wollongong. 

 

At Stockland Shellharbour there are over 3,000 outdoor and undercover car spaces for customers\' convenience.  And most importantly parking is free!  Bus services are at the door.

 

Major stores include Coles, Woolworths, Myer, Kmart, Target and Best & Less.

 

There are all 4 major banks and a Post Office.

 

LOTTO

 

Ranked #16 in sales in NSW/ACT amongst some 1,500 Agencies  

 

     Up from #50 in 2013/14

 

Lotto commissions: $5,919 p.w. in 2018.  

 

Commissions up 14 % YTD 2019 versus last year.

 

3 Lotto terminals

 

NON-LOTTO SALES 

 

CARDS/WRAP - Generate $2,610 weekly gross profit

 

STATIONERY - Generate $1,257 weekly gross profit

 

GIFTS – Great Potential!

 

PURCHASE PRICE 

 

GOODWILL & FIXTURES & FITTINGS $190,000 o.n.o.

 

STOCK   $70,000

 

(estimate – will be counted by independent stocktaker)

 

TOTAL $260,000

 

OPENING HOURS

 

Monday to Fri 9am to 5.30pm (except Thurs)    Thursday 9am to 9pm

 

Saturday 9am to 4pm

 

Sunday          10am to 4pm

 

 

 

TRAINING

 

We offer full training and assistance.  This includes guidance in the preparation of applications for Lotto, major suppliers and the retail lease.  

 

LIKE TO VISIT THE BUSINESS?

 

You are very welcome to visit the business.  This sale is confidential.  We would ask you not to approach the staff regarding this sale.

 

John Emmery

 

0423 529 041

 

Suburb Shellharbour
Price SOLD
Property Type Business
Property ID 466
Category Retail

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John Emmery

0423 529 041
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What our clients say

Eddie was very helpful with the sale of my business. It was quite a long drawn out sale, however he found a motivated buyer and helped us both jump through the hoops for the landlord. I would use Eddie...

Elliot Cryer

We recently had the pleasure of working with Saurab to purchase our business, and we couldn't be happier with the experience. From the very beginning, Saurab demonstrated exceptional professionalism and...

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Where to start, I was very fortunate to be given Eddie Spurr's from the ABBA group's number from a former restauranter who had sold their business with him, after dealing with many arrogant brokers in...

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However with Geoff Harrison guiding me through the sale process the task became much easier. Geoff was able to plan the information required, compile it for any buyer and was the master of communication....

H.E. - Hawks Nest - Post Office & Newsagency

Geoff is the first business broker I have ever heard of who completes the transaction completely remotely and seamlessly. This was essential for my deal as it was done during Covid-19 time.   Negotiation...

Jeba Anbiah

As the Owner of One of Perth’s Leading Hairdressing Salon, I have had the pleasure of knowing Geoff Harrison for over 20 years in the Hairdressing Industry. Geoff was instrumental in introducing...

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