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Post Office Warilla Wollongong Area Nsw For Sale

Warilla, New South Wales, Australia
Asking Price:
$1,100,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$500K - $2.5M (AUD)

First quality Licensed Post Office for sale Located at Warilla (Wollongong Area) NSW. Prime regional Shopping Centre Location.
Adjusted Net Profit for H&W or two working partners $282,677 in 2020/2021 financial year.
Lease 10 years from April 2017 but vendor advises no problem with regards to lease renewals or options. Rent including outgoings 2020/2021 $50,117 p.a.. PO Boxes installed 540 PO boxes leased as of August 2021 281. Currently run by staff, this office is a very good business opportunity for the right LPO Licensee with expansion available under the Licensed Business Partnership Program.

Key points.

1. Tremendous potential for growth and profitability.

2. Sound Financials.

3. First class new shop fit in 2017.

4. One owner for over 20 years.

5. Located within the Warilla Grove regional Shopping Centre.

6. Services a diverse residential and business area.

7. Secure lease on affordable lease terms.

8. Close to transport and parking.

9. Significant opportunity for the right owner manager.

10. Well appointed shop of 97 sq mtres plus PO box room of 51 sq mtres.

11. Customer Counts : 300 to 500 per day.

12. Adjusted Net for two after paying casual wages of $20,000 for 2020/2021 financial year is $282,677.00

13. Purchase Price $1,100,000 plus Stock at Valuation about $80,000.

14. Trading hours 9am to 5pm Monday to Friday 9am to 12pm Saturday. Mail arrives 7.30 am

Financial details.

Australia Post Commissions 2019/2020 $278,229.33 net GST and 2020/2021 $287,838.24 net GST

Stock Sales Net GST 2019/2020 $350,656.00 for 2020/2021 $416,216.00

Adjusted Net for two after paying casual wages of $20,000 for 2020/2021 financial year is $282,677.00

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:

10 year Lease from April 2017. Vendor advises no problem with regards to lease renewals

Leasehold Rent:

50,117 p.a per annum

Location:

Prime regional shopping centre location

Premises Details:

Well located Modern Retail Licensed Post Office. New Shop fit 2017 and fully complies with AP's shop fit standards. 97 sm shop, 51 sm PO Box room

Business Operation

Expansion Potential:

Currently run with staff this office has significant upside under owner management. Significant potential with regards to AP's roll out of Licensed Business Partnership program. Growing commissions with the lifting of covid restrictions with regards to Passports and Passport Photos

Competition / Market:

Major LPO within the Warilla area.

Reasons for selling:

Health and family considerations.

Trading hours:

9am to 5pm Monday to Friday. 9am to 12pm Saturday. Mail arrives 7.30 am

Years established:
Over 90 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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