Business For Sale - Erina Newsagency Licensed Post Office - NSW Central Coast

8 days ago

Location:
Erina 2250 > Central Coast > New South Wales

Investment level:
$849,000 (Negotiable) + SAV

Type:
Business

Industry:
Retail > Newsagency, Lottery & Post Office > Shopping centre

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Summary

The Erina Post & News business is an Australia Post Licensed Post Office (LPO) and large Newsagency situated in the Fountain Plaza complex at Erina on the Central Coast of NSW.

Revenue

$561,039 pa

Rent

$118,696 pa

Expenses

$196,630 pa

Net Profit

$245,714 pa

Location Details

The Fountain Plaza is very busy and accommodates:

The five major banks, The Hope Medical Centre , a medical Xray and scanning practioner, large Travel Agency, Chemist, a large Dan Murphy's liquor stor outlet, restraurants, coffee shops etc.

Potential

Erina is now considered to be the business centre of the Central Coast with over 300 companies, from automotive suppliers to lawyers and accounting firms all within three to four kilometres of the business. The ability to provide high level service and short wait times is important to these clients. There are 400 car parking spaces in the business hub with more under construction.

It has considerable growth potential as the Erina business area is growing.

The business provides an excellent wage income in addition to annual profits.

Skills

Small business skills would be an asset but are not essential. Australia Post will provice a 7 week training course. NSW lotteries will provide a two week training course for their portion of the business.

Hours

Newsagency
6.30am - 6pm M to F
7am - 1pm Sat
7am - 1pm Sun
Post
8.30am - 5pm M-F
9am - 12.30 Sat

Lease

Lease expires 31 December 2021 with a five year option

Employees

The business can be be staffed by two owner operators with a combination of approximately 2.2 full time equivalent staff members working between the Post Office and newsagency.

Reason for Sale

The owners are moving on to another lifestyle opportunity.

About the Business

The Post Office caters for the commercial hub of the Central Coast providing all the products and services applicable to Australia Post including:

587 Leased Private Boxes with approval to install 80 additional Private Boxes
Billpay & Banking facilities
Postage assessment and delivery
Lottery commissions in excess of $90,000

The newsagency has very good paper, magazine, confectionery, stationery, card and giftline sales which compliment the Post Offices drawing power.

History

The business has been located in the same location for 20 years since the development of the commercial hub of the Central Coast.

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