First quality Licensed Post Office for sale Located at Warilla (Wollongong Area) NSW. Prime regional Shopping Centre Location with Large Growth Potential .
Adjusted Net Profit for H&W or two working partners $313,084 in 2022/2023 $311,424 in 2021/2022 financial year.
Lease 10 years from April 2017 but vendor advises no problem with regards to lease renewals or options. Rent including outgoings 2021/2022 $52,580 P.A.. PO Boxes installed 540 PO boxes leased as of August 2023 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.
• Tremendous potential for growth and profitability.
• Sound Financials.
• First class new shop fit in 2017.
• One owner for over 20 years.
• Located within the Warilla Grove regional Shopping Centre.
• Services a diverse residential and business area.
• Secure lease on affordable lease terms.
• Close to transport and parking.
• Significant opportunity for the right owner manager.
• Well appointed shop of 97 sq mtres plus PO box room of 51 sq mtres.
• Customer Counts : 300 to 500 per day.
• Adjusted Net for two after paying casual wages of $20,000 for 2020/2021 financial year is $282,677.00 , 2021/2022 $311,424 and $313,084 in 2022/2023
• Purchase Price expressions of interest over $1,000,000 plus Stock at Valuation about $80,000.
• Trading hours 9am to 5pm Monday to Friday 9am to 12pm Saturday. Mail arrives 7.30 am
Financial details.
Australia Post Commissions 2020/2021 $287,838.24 net GST, $323,378.28 in 2021/2022 and $337,971.42 in $2022/2023
Stock Sales Net GST 2020/2021 $416,216.00 for 2021/2022 $397,756
Adjusted Net for two after paying casual wages of $20,000 for 2020/2021 financial year is $282,677.00, $311,424 in 3021/2022 and $313,084 in 2022/2023
Please note: Complete financials are available conditional on the prospective purchaser;
• Establishing capacity to purchase and finance availability.
• Establishing genuine interest.
• Meeting the vendors and inspecting the business.
• Demonstrating their ability to meet Australia Posts assignment approval requirements.
Guidance and assistance is available in order to meet these conditions.
