Quality Licensed Post Office for sale Located close to the City of Sydney
Adjusted Net Profit for H&W or two working partners $243,726 in 2021/2022 financial year.
Lease 5 years plus 5 year option from 26/01/2018.. Rent 2021/2022 $74,000 p.a.approx with no outgoings. PO Boxes installed 418 PO boxes leased 2022 274 plus a significant number of counter delivery points. Currently run for some time by staff only and this office is a very good business opportunity for the right LPO Licensee with expansion available under the Licensed Business Partnership Program and significant retail upside. Purchase Price $875,000 plus SAV
1. Trades only 5 days and can be run by Husband and wife will potential for significant growth.
2. Sound Financials.
3. Part of the premises currently sub leased for $15,600 p.a..
4. One owner for 15 years.
5. Located close to the city in inner western Sydney in excellent Shopping strip position.
6. Services a diverse residential and business area and is close to the city.
7. Secure lease on affordable lease terms.
8. Close to transport both bus and rail.
9. Significant opportunity for the right owner operator.
10. Well appointed shop of 90 sq mtres with sub leased area that can be expanded into.
11. Customer Counts : 240 to 300 per day.
12. Adjusted Net for two for 2021/2022 financial year is $243,726.plus additional income.
13. Purchase Price $875,000 plus Stock at Valuation about $80,000.
14. Trading hours 9am to 5pm Monday to Friday only. Mail arrives 8 am
Australia Post Commissions 2020/2021 $220,842.21 net GST and 2021/2022 $240.996 est net GST
Stock Sales Net GST 2020/2021 $458.797.33 and for 2021/2022 over $454,000.00
Adjusted Net for two in 2020/2021 financial year is $223,000.00 and $243,000 plus for 2021/2022.
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.