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convenience store and tobacconist established 19 years

Convenience store and tobacconist - established 19 years (Ref No:64966)

Convenience store and tobacconist - established 19 years

Located in the heart of Chippendale, a convenience store and tobacconist established for 19 years is available to purchase for the first time.

The neighbourhood buildings have been bought by a University and therefore the potential of the business is huge.  With the current customers, the annual profit is $110,500.  Rent is very low, only $510 per week.  Selling price is only $125,000.

The current owner established this store in 1998 and did renovation every 5 years.  Thus the shop is good looking and the business is very stable.

In summary, it is a solid business with a long history and a great potential with the University development to come.

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Annual Rent : $26,520 - Weekly Rent : $510

Annual Turnover : $390,000 - Weekly Turnover : $7,500

Annual Gross Profit : $140,000 - Weekly Gross Profit : $2,692

Annual Ebit : $110,500 - Weekly Ebit : $2,125

Premise : Leased

Lease Commencement : Jan 2015

Lease End : Jan 2020

Lease Option: 5 years

Total Floor Area : 45 Square Metres

Approximate Stock Value : $20,000

Year Established : 1998

Days Trading : 7

Reason for Sale : Move to another business

Location : Eastern Suburbs

Business Potential : University buildings set up nearby

Category: Convenience Store

Price: $125000

State : New South Wales

City : Chippendale

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