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Post Office In Sydney City Fringe For Sale

Sydney City Fringe, New South Wales, Australia
Asking Price:
$875,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$250K - $500K (AUD)

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

Key points.

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

Financial details.

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.

Property Information

Property Information

Real Estate:

Lease

Lease Terms:

5 year lease with 5 year option which commenced on 26th January 2018. Area sub leased currently on month to month for $15,600 p.a

Leasehold Rent:

$74,000 (AUD) per annum

Location:

Located close to the City of Sydney in High Street position with easy access to Bus and rail within an area with significant business presence as well as up market residential.

Premises Details:

Shop is approx 88 sq mrtes with retail sub lease area separated but available to be reincorporated into the retail Post Office

Business Operation

Expansion Potential:

Has been run by staff only for a number of years with very poor retail complimentary product range and display. Significant upside in retail as well as participation in the LPB program

Competition / Market:

Located within reasonable distance to other Post Office facilities but dominate in its immediate locality.

Reasons for selling:

Owners have run with staff for a number of years and are now focusing on a new business venture.

Trading hours:

9am to 5pm Monday to Friday No Saturdays but potential with mail at 8am

Employees:
Run by two full time staff
Years established:
over 120 years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Subject to Australia Posts approval terms and the subject to 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.
Licensee has a right to on sell their business subject to AP approval and the completion of training.

Other Information

Support & training:

The sale of a Licensed Post office is subject to Australia Post approval. Training is 7 weeks with ongoing support from AP's Network support team. Training and assignment cost is $4,400 to train up to three.

Financing available:

All banks will lend for the purchase of a Licensed Post Office subject to proof of income, debt serviceability and security. Westpac and the ANZ Banks will lend on the cash flow and have industry experience in the lending for the purchase of an LPO. St George is currently considering offering cash flow lending. Cash flow lending generally limited to 50% of purchase including stock.

Inventory / Stock value:
$80,000 (AUD)
Relocatable:
This business can be relocated.

Contact HAROLD A ASHCROFT

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