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Newsagency Set-Up Costs Estimate
Whilst an estimate for setup costs has been made at 15% of the purchase price of the newsagency, buyers should do a thorough costing of all expenses to be incurred. This form includes most of the known expenses that will be incurred.
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Approximate Cost Only |
| Stamp Duty |
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| Stocktakers (Your share approx 1.3%) |
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| Rental Bonds/Guarantees (1-3 months rent) |
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| First Month Rent in Advance |
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| Legal Fees |
$3,000-$4,000 |
| Independent Newsagency Accountant Fees |
$2,000-$2,500 |
| Transfer /Registration Fee NTS |
$495 |
| John Fairfax Transfer |
$200 |
| State Lotteries Transfer Fee (1.1% of Annual Turnover, Minimum Fee $5,500) |
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| ANF Training Course for 1 person. Extra person $600 |
$1,250 |
| Post Office Training |
$2,750 |
| Loan Establishment Fees (0.5%-1% of Loan Amount) |
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| Ownership Structure Setup (Cost if Company or Trust) |
$1,500-$2,000 |
| Electricity Deposit (3 months bond) |
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| Insurance (Confirm with Insurance Co. Can be paid monthly) |
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| Bond to ACP (to be confirmed) Usually 1 months supply |
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| New Lotto Image (To be completed within 6 months of takeover) |
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| Unforeseen Expenses |
$10,000 |
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