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Post Office For Sale South Grafton Nsw For Sale

SOUTH GRAFTON, New South Wales, Australia
Asking Price:
$860,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$250K - $500K (AUD)
Cash Flow:
$250K - $500K (AUD)

Profitable quality Licensed Post Office for sale Located at South Grafton (Northern Rivers NSW. Services the City of Grafton and surrounding area Population over 17,500 people. Historic and iconic building,
Adjusted Net Profit for two $285,000 p.a in 2022/2023 and $282,000 in 2021/2022 Trading 5 days only.
Wonderful heritage building & shop Rent only $12,276 p.a with 5 X 5 year lease to 15th June 2031 No Outgoings and very favorable landlord. Staff available but easily run by two people with a little extra staff at Christmas.
PO Boxes installed 487 with 410 currently leased. Opportunity under the Licensed Business Partnership Program.

Purchase Price $860,000 plus Stock at Valuation abt $40,000

KEY POINTS

Wonderful Northern Rivers Location with the coast nearby. Tree Change/ Sea Change with a 5 Star life style.

Trades only 5 days 9am to 5 pm with 8am start for the mail.

One owner for over 14 years

Good Shop fit and plenty of retail space.

Growth opportunity for the right owner manager.

Customer Counts 300 plus per day.

Adjusted Net for two $285,000 p.a with scope to grow

Secure lease with very Low Rent which will continue.

Good parking.

FINANCIAL DETAILS

Australia Post Commissions Net of GST 2022/2023 $276,171.14 p.a, 2021/2022 $270,395.50 p.a, and 2020/2021 $251,741.78

Adjusted Net for two $285,000 p.a 2022/2023 and $282,000 p.a in 2021/2022 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.

Property Information

Real Estate:

Lease

Lease Terms:

5 year lease with five year option from 16/06/2021 lease option until 15/06/2031.
CPI annual rises and no outgoings.

Leasehold Rent:

12,275.35 p.a plus GST per annum

Location:

Historic Building in Prominent High Street Location

Premises Details:

Well located Retail Licensed Post Office located in Historic Iconic Post Office Building

Business Operation

Expansion Potential:

Currently run by one owner part time and staff. Owner of 14 years wants to move on but large scope for dedicated family especially in retail and the LPB program.

Competition / Market:

This LPO stands alone serving the Grafton City and regional area

Reasons for selling:

Pursuing other business interest after 14 years in this LPO.

Trading hours:

9 am to 5pm Monday to Friday with mail at 8am

Employees:
Can be run by two partners or H & W
Years established:
over 170 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:
$40,000 (AUD)
Relocatable:
This business can be relocated.