Fantastic Life Style Licensed Post Office for sale Located at beautiful Gerringong NSW near South Coast. Net Profit for one plus small part time assistant $190,000 p.a plus in 2020/2021 based on 5 days trading only. Rent under $30,000 p.a lease and options 18 years from 8th October 2015 with annual cpi rises and market review on options. Excellent presentation and shop fitting with good street exposure and parking.
1. Fantastic coastal life style location yet close to Wollongong and Sydney.
2. Very sound Financials and tax returns.
3. Five day trading only.
4. Very Good Shop fitting and presentation.
5. Services a diverse and affluent residential and business area.
6. Long lease and reasonable rent with 11.6 years remaining of the current lease and options.
7. One owner for over 9 years.
8. Good exposure, parking and access in retail strip.
9. Customer counts averaging about 170 per day with a peak in the late afternoon.
10. Very well merchandised.
11. Adjusted Net for one plus small part time assistant $190,000 p.a in 2020/2021
12. Trading Hours 9am to 5pm Monday to Friday only. Mail arrival 7.45 am.
13 Purchase price $650,000 plus SAV about $55,000.
Australia Post commissions Net of GST 2018/2019 $133,467.62
Australia Post commissions Net of GST 2019/2020 $139,229.45
Australia Post commissions Net of GST 2020/2021 $147,687.37
Pom Commissions to December 2021 are running approx 10% ahead of the previous year.
Stock Sales Tax returns 2018/2019 $295,002.48
Stock Sales Tax returns 2019/2020 $304,645.56
Stock Sales Tax returns 2020/2021 $320,526.63
Tax returns 2018/2019 Declared Gross Profit 214,506 on total sales including AP commission of $428,470.
Tax returns 2019/2020 Declared Gross Profit 226,506 on total sales including AP commission of $443,875.
Tax returns 2020/2021 Declared Gross Profit 243,950 on total sales including AP commission of $468,214.
Real operational costs excluding labour, being rent insurance, security, technology, consumables, telephone, electricity are about $45,000 p.a.
PO Boxes leased as of January 2022 total 285 with Total PO boxes installed listed as approximately 392
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. Establishing their ability to meet Australia Posts assignment approval requirements.
Guidance and assistance is available in order to meet these conditions.