Culburra Beach Licensed Post Office & NSW Lotteries Agency - For sale

3 days ago

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Summary

A true lifestyle busines close to Nowra. This established Licensed Post Office & NSW Lotteries Agency is in a beachside environment, which is, ideally suited to a husband & wife team or partnership.

Revenue

$250,492 pa

Rent

$24,581 pa

Expenses

$67,929 pa

Net Profit

$157,982 pa

Potential

This is a well established Licensed Post Office in regional NSW. Potential growth can be obtained by improved retailing and promotion of Australia Posts & NSW Lotteries products and services.

Skills

Small business skills would be an asset but are not essential. Incoming Licensees are required to complete a 7 week training course conducted by Australia Post. The course provides four weeks training at a corporate outlet, 1 week consolidation training at Australia Post's head office then two weeks on the job before settlement.

Hours

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

Lease

The current lease expires on 31 July 2022. The rent for the 2018 financial year was $23,507.00.

Employees

In addition to a partnership this business requires 20 hours assistance per week.

Reason for Sale

The owner wishes to retire.

About the Business

The vendors are selling an indefinate term License to operate the Post Office. The purchasers need to be a Permanent Resident or Australian Citizen to purchase the business. There will be a 90 day transitional period to assign the License. During this period the purchasers will be required to undergo two interviews roughly two weeks apart and undergo 7 weeks training. The NSW Lotteries agency agreement is for a five year period, which is usually renewed at the end of each period.

The Licensed Post Office provides the following products and services.

Postage Sales.
Banking Transactions
Bill-pay Transactions
Passport Photographs
Other Agency Services
Parcel Delivery
Private Box Services

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