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Post Office Price Eastern Suburbs Sydney For Sale

Eastern Suburbs, New South Wales, Australia
Asking Price:
$795,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$500K - $2.5M (AUD)

Iconic licensed post office for sale in Prime Eastern Suburbs Location. This LPO has been located in a heritage purpose built building since 1905 and has great image and presence.
Adjusted Net Profit for H & W or two working partners $210,000 p.a and improving significantly in this financial year. Large well appointed retail shop with very large back office and storage areas. Long term lease with 2 x 5 year options. Over 540 PO Boxes installed with just over 300 leased (room to grow).

Key Points

1. Continued Growth and profitability into the future.

2. Sound Financials and Tax returns.

3. Large retail space with extensive back office space and storage.

4. Long Lease and very affordable lease terms and conditions.

5. Great exposure and presence being a local land mark building.

6. Close to transport.

7. Very easy to run.

8. Over 540 PO Boxes installed.

Financial details

Australia Post Commission 2019/2020 $272,023 p.a net of GST including allowances

Stock Sales 2019/2020 $281,817 Net of GST

Can be run by two one full time the other 32 hours per week

Adjusted net for two $210,000 p.a but growing in 2020/2021

Purchase Price $795,000 plus Stock at Valuation $40,000

Property Information

Real Estate:

Lease

Lease Terms:

2 years remaining of a 5 year lease with two further 5 year options.

Leasehold Rent:

on advice per annum

Location:

Prime High Street Location

Premises Details:

This Iconic Heritage Post Office Building was built in Circa 1905 and has operated as a Post Office since then. Large spacious retail shop with large back office and storage areas. Off street Car park for one car

Size in square feet:
180sm

Business Operation

Expansion Potential:

The New LPO payment system has encouraged increased income growth and patronage. PO boxes are underutilized with growing demand. With a larger retail space than most LPO's further retail complementary product expansion will enhance earnings.

Competition / Market:

Most convenient location in this dynamic area. Stand out position. Nearest competition approx 1.6 km away.

Reasons for selling:

Family reasons.

Trading hours:

9am to 5pm Monday to Friday and 9am to 12 Saturday

Employees:
owner operator
Years established:
Over 90 years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Subject to Australia Post Approval and the completion of the 7 week training course. The LPO Agreement is 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 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 cost is $4,400 to train up to 3

Financing available:

All banks will lend for the purchase of a Licensed Post Office subject to proof of income, debt serviceability and security. Wespac and the ANZ Banks will lend on the cash flow and have industry experience in lending for the purchase of an LPO.

Furniture / Fixtures value:
$20,000 (AUD) - included in the asking price
Inventory / Stock value:
$40,000 (AUD)
Relocatable:
This business can be relocated.

Contact HAROLD A ASHCROFT

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