Profitable Small Rural Licensed Post Office for sale Located in the MUDGEE District NSW. Historic Free Standing Post Office building,
Adjusted Net Profit for one $100,000 p.a in 2022/2023 and will exceed $105,000 in 2023/2024 Trading 5 days only.
Shop Rent only $18,000 p.a with 10 year lease from the day you take over. Option to purchase the Land and building for $435,000. Relief Staff available but easily run by basically one with a little extra staff at Christmas.
Over 100 PO Boxes currently leased. Retail Growth opportunities
Purchase Price $200,000 plus Stock at Valuation abt $18,000 Freehold available at an additional $435000
KEY POINTS
Wonderful Rural Location in the Mudgee District being ideal Tree Change with a 5 Star life style.
Option to buy property
Trades only 5 days 9am to 5 pm only.
One owner for over 16 years
Good Shop fit and plenty of retail space.
Growth opportunity for the right owner manager.
Customer Counts 100 plus per day.
Adjusted Net for one $105,000 p.a with scope to grow
Secure lease with very Low Rent or buy the building as well.
Good parking.
FINANCIAL DETAILS
Australia Post Commissions Net of GST 2022/2023 $114,867.03 p.a, and est for 2023/2024 $126,666.14
Adjusted Net for one $100,000 p.a 2022/2023 and $105,000 p.a plus in 2023/2024 with scope to grow
Please note: Complete financials are available conditional on the prospective purchaser:
Establishing capacity to purchase and finance availability.
Establishing genuine interest
Meeting the Vendors and inspecting the business.
Demonstrating their ability to meet Australia Posts assignment approval requirements.
Guidance and assistance is available in order to meet these conditions.
- Freehold Price:
- $635,000 (AUD) Furniture / Fixtures included
- Lease Asking Price:
- $200,000 (AUD) Furniture / Fixtures included
- Sales Revenue:
- $100K - $250K (AUD)
- Cash Flow:
- $100K - $250K (AUD)
Property Information
- Real Estate:
-
Available as lease or with real property included
- Lease Terms:
-
10 year lease from handover or buy the freehold at an additional $435,000
- Leasehold Rent:
-
$18,000 (AUD) per annum
- Location:
-
Prominent High Street Location
- Premises Details:
-
Land 695 sm Heritage brick Post Office built 1923 with ample retail space total space approx 170sm
Business Operation
- Expansion Potential:
-
Significant growth potential in retail and soon to be added aditional banking options with Bank at Post
- Competition / Market:
-
Nearest Post Office 7.5 kilo metres away
- Reasons for selling:
-
Vendor plans to retire
- Trading hours:
-
9am to 5pm only
- Years established:
- Over 90 years
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
The LPO Agreement is for an indefinite term and ongoing governed by clauses 20 and 22 of the LPO Agreement. subject to Australia Post approval terms and the successful completion of the 7 weeks training course. Must be a permanent Australian resident to hold the LPO License or equity the the LPO.
Other Information
- Support & training:
-
subject to Australia Post approval terms and the successful completion of the 7 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 anLPO. Cash Flow lending generally limited to 50% of the puchase price including stock.
- Inventory / Stock value:
- $18,000 (AUD)
- Lease asking price:
- $200,000 (AUD) - Furniture / Fixtures included
- Relocatable:
- This business can be relocated.
