First Class Licensed Post Office for sale Located waterside at Bermagui Far South Coast of NSW.
Adjusted Net Profit for Two full time $245,000 to $250,000 p.a in 2023/2024 financial year.
Lease 10 years plus 3 x 5 year options from 1st March 2025. Rent $21,963 p.a. Including outgoings. PO Boxes installed 491 with 488 PO boxes leased 2024/2025 box year. Currently run by family. This waterside LPO is a very good business opportunity for the right LPO Licensee with the area continuing to grow and develop.
Purchase Price $550,000 plus SAV about $20,000
Key points.
1. Trades only 5 days only 8.30am to 5 pm with no Saturday and can be run by experienced H & W full time if not experienced additional part time staff may be needed
2. Very sound Financials.
3. Wonderful waterside community.
4. One owner for over 18 years.
5. Excellent Shopping strip position.
6. Services a diverse residential and business and tourist area.
7. Secure recent 25 year lease on affordable lease terms.
8. Rent only $17,463 p.a plus $4,500 p.a outgoings outgoings.
9. Significant opportunity for the right owner operator.
10.Small but Well appointed shop of 54 sq mtres .
11. Customer Counts : 260 to 280 per day.
12. Adjusted Net for two for 2023/2024 financial year is $245,000.plus p.a.
13. Purchase Price $550,000 plus Stock at Valuation about $20,000.
14. Trading hours 8.30am to 5pm Monday to Friday only. Mail arrives 8.00am
Financial details.
Australia Post Commissions 2021/2022 $265,251.39 net of GST, 2022/2023 $279,832 net GST and 2023/2024 $272,727.27 net GST
Stock Sales Net GST 2022/2023 $62,500.45 and for 2023/2024 $63,221
Adjusted Net for two $245,000 plus for 2023/2024.
Please note: Complete financials are available conditional on the prospective purchaser;
1. Establishing capacity to purchase and finance availability.
2. Establishing genuine interest.
3. Meeting the vendors and inspecting the business.
4. Demonstrating their ability to meet Australia Posts assignment approval requirements.
Guidance and assistance is available in order to meet these conditions
- Asking Price:
- $550,000 (AUD)
- Sales Revenue:
- $250K - $500K (AUD)
- Cash Flow:
- $335,448 (AUD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
10 year lease with a further 3 x 5 Years options
- Leasehold Rent:
-
17,463 p.a plus outgoings per annum
- Location:
-
Located in the Far South Coast NSW in delightful coastal beach/harbour location. Shop within shopping strip and ample parking.
- Premises Details:
-
Small but well appointed Post Office of 54 sq mtres with long term lease and options of 25 years in total.
Business Operation
- Expansion Potential:
-
Though the shop is small there is general population and business growth in the town and district in general. Future growth of Bank at Post is a positive for this LPO's future.
- Competition / Market:
-
No nearby or competing Post Office
- Reasons for selling:
-
Retiring and Health reasons
- Trading hours:
-
8.30 am to 5 pm Monday to Friday only
- Employees:
- run by husband and wife
- Years established:
- Over 90 years
Other Information
- Support & training:
-
Subject to Australia Post approval terms and the successful completion of the 5 weeks training course. The LPO Agreement is for an indefinite term and ongoing governed by clauses 20 and 22 of the LPO Agreement.
The Licensee has a right to onsell their business subject to AP approval and the completion of training.
Australia Post Training and Assignment cost to the Purchase $4,400
- Financing available:
-
All banks will lend for the purchase of a Licensed Post Office subject to proof of income, debt serviceability and security. Westpac, StGeorge, ANZ and NAB will lend on the cash flow and have industry experience in the lending and for the purchase of an LPO. Cash Flow lending generally limited to 50% of the purchase price including stock.
- Inventory / Stock value:
- $20,000 (AUD)
- Relocatable:
- This business can be relocated
