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Post Office Nowra Area South Coast Nsw For Sale

Nowra area New South Wales, New South Wales, Australia
Asking Price:
$580,000 (AUD)
Sales Revenue:
$250K - $500K (AUD)
Cash Flow:
$250K - $500K (AUD)

Quality Licensed Post Office for sale Located waterside in the South Coast of NSW near Nowra
Adjusted Net Profit for one full time and 27 hr per week assistant $230,000 to $235,000 p.a in 2023/2024 financial year.
Lease 5 years plus 5 year option from 1st February 2024.. Rent $16,800 p.a. with no outgoings. PO Boxes installed 245 PO boxes leased 2024 182 plus counter delivery and street delivery points. Currently run one full time owner and 27 hours assistant staff per week. This waterside LPO is a very good business opportunity for the right LPO Licensee with the area continuing to grow and develop.
Purchase Price $580,000 plus SAV about $20,000
Key points.
1. Trades only 5 days plus 9am to 11am Saturday and can be run by one full time and additional staff for 27 hours per week.
2. Very sound Financials.
3. Wonderful waterside community.
4. One owner for over 35 years.
5. Excellent Shopping strip position.
6. Services a diverse residential and business and tourist area.
7. Secure recent 10 year lease on affordable lease terms.
8. Rent only $16,800 p.a no outgoings.
9. Significant opportunity for the right owner operator.
10. Well appointed shop of 75 sq mtres .
11. Customer Counts : 220 to 240 per day.
12. Adjusted Net for two for 2023/2024 financial year is $230,000.plus p.a.
13. Purchase Price $580,000 plus Stock at Valuation about $20,000.
14. Trading hours 9am to 5pm Monday to Friday Sat 9am to 11am. Mail arrives 7.20am

Financial details.
Australia Post Commissions 2021/2022 $200,888.21 net of GST, 2022/2023 $230,785.54 net GST and 2023/2024 $254,702.30 net GST
Stock Sales Net GST 2021/2022 $100,292.44, 2022/2023 $85,763.00 and for 2023/2024 $95,612
Adjusted Net for one plus 27hr assistant in 2022/2023 $206,000 and $230,000 plus for 2023/2024.
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

Real Estate:

Lease

Lease Terms:

New 5 year lease with a further 5 year option from 1st February 2024. Rent $16,800 p.a with no outgoings

Location:

Located in the Nowra Area South Coast NSW in delightful coastal beach location. Shop within shopping strip and ample parking.

Premises Details:

75 square mtres with new 5 year lease plus 5 year option

Business Operation

Expansion Potential:

Town is growing and will continue to grow in the future. This is reflected in the commission growth over recent years.

Competition / Market:

No competing Post Office within 15 minutes travel.

Reasons for selling:

Owners intend to retire after over 35 years in this Business.

Trading hours:

9am to 5pm Monday to Friday 9am to 11am Saturday with mail arriving at 7.20am

Employees:
owner operator with part time staff
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 5 weeks training course. Must be a permanent Australian resident to hold the LPO License or equity in the LPO.

Other Information

Support & training:

Subject to Australia Post approval terms and the successful completion of the 5 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 an LPO. Cash Flow lending generally limited to 50% of the purchase price including stock.

Inventory / Stock value:
$20,000 (AUD)
Relocatable:
This business can be relocated.