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Post Office Dubbo Nsw For Sale

Dubbo, New South Wales, Australia
Asking Price:
$650,000 (AUD)
Sales Revenue:
$293,144 (AUD)
Cash Flow:
$250K - $500K (AUD)

Dubbo Grove Licensed Post Office serves the growing Southern and South Eastern side of Dubbo located at 59B Boundary Road Dubbo NSW 2830 in the neighborhood shopping strip know as Dubbo Grove. The business is being sold including the freehold being a two story brick building with 3 bedroom flat above a good sized retail shop as well as rear access and double garage. Adjusted net profit for two working partners in 2021 was $160,000 p.a plus rental income from the 3 br flat.
206 PO Boxes installed with 196 currently leased.

Business including Property for Sale for $650,000 plus SAV about $25,000

Key Points

1. Serves a large growing area of Dubbo.

2. Sale includes freehold shop and residential property.

3. Sound Financials and Tax Returns with a net before wages of $160,000 p.a plus flat rent.

4. 206 PO Boxes installed with 196 leased.

5. Good street exposure.

6. Growing and improving profitability due to ongoing local residential property development.

7. Good Street parking and accessibility.

8. Average 230 customers per day.

9. Easy run.

10 Very good parcel storage areas.

Financial Details.

Australia Post Commission 2020/2021 $141,259.52

Stock Sales 2020/2021 $151,259.52

Declared Gross Profit 2020/2021 $172,601

2021/2022 financial year is seeing continued further income growth.

Because the property is owned by the licensees no rent and very low operating costs.

PRICE including Freehold property $650,000 plus SAV abt $25,000

Property Information

Real Estate:

Real Property Included

Living Accommodation:

3 br residential flat is included in the freehold property above the existing Post Office

Location:

Located at 59B Boundary Road Dubbo NSW 2830 and known as Dubbo grove LPO.

Premises Details:

two story brick shop and residence. Land 219 sq mtres approx. Shop area 90 sq mtres with 3 br residence above.

Size in square feet:
219 sq mtres

Business Operation

Expansion Potential:

This LPO is quite underdeveloped with regards to retail complimentary product sales and would benefit from a retail shop fit makeover and replaning. This LPO will continue to grow on the back for nearby residential development.

Competition / Market:

There are 3 other Post Offices in Dubbo all over 2 km away. Dubbo Grove is South of the Mitchell Highway and bounded by the Macquarie River to the West. Residential development is continuing to the South and East of the LPO and away from alternative Post Office Services.

Reasons for selling:

Owners wish to retire.

Trading hours:

8.30am to 5pm Monday to Friday No Saturday trading mail at 8am

Employees:
owner operator
Years established:
Over 60 years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Subject to Australia Post approval and the completion of the 7 week training course. The LPO Agreement is an indefinite term and ongoing governed by Clauses 20 and 22 of the LPO Agreement. Licensee has a right to on sell their business subject to AP approval and the completion of training

Other Information

Support & training:

The sale of a Licensed Post Office is subject to Australia Post Approval. Training is 7 weeks with ongoing support from AP's Network support team. Training and assignment cost $4,400 training up to 3.

Financing available:

All banks will lend for the purchase of a Licensed Post Office subject to proof of income, debt serviceability and security. Wespac and the ANZ Banks will lend on the cash flow up to 50% of purchase price including stock

Furniture / Fixtures value:
$15,000 (AUD)
Inventory / Stock value:
$25,000 (AUD)
Relocatable:
This business can be relocated.

Contact HAROLD A ASHCROFT

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