Post Offices - Brisbane West

11 days ago

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Internal Ref: TTQD1103

Summary

SBX Business Code: TTQD1103 - Retail - Post Office - Under Management - Brisbane West

Rent

$38,584 pa

Net Profit

$177,684 pa

Location Details

Situated in an affluent suburb of Brisbane in a busy shopping strip.

Potential

A motivated buyer could easily increase profitability with the installation of additional PO Boxes

Hours

5.5 days - Mon. - Fri. - 9 a.m. to 5 p.m. can also open Saturday morning if required at peak time

Lease

3 years lease with annual CPI increases expires 2020 + 2 x 7 year options expiring June, 2034

Employees

2 casuals

About the Business

Retail - Post Office - Under Management - Brisbane West

SBX Business Code: TTQD1103
Retail post office deriving income and commissions from mail services, banking, bill paying, and money orders. In addition there are 419 PO boxes generating some $50,000 per annum with room for further expansion. Along with general Post Office services this business also provides passport photographs and has a key cutting service. There are also general items for sale.

Potential
A motivated buyer could easily increase profitability with the installation of additional PO Boxes

Features
Good location - Highly profitable and potential for further growth. - Established 45 years.

Premises
Stand alone building with high visibility and an area of 85 sq. mts.

Location
Situated in an affluent suburb of Brisbane in a busy shopping strip.

Trading Hours
5.5 days - Mon. - Fri. - 9 a.m. to 5 p.m. can also open Saturday morning if required at peak times

Lease
3 years lease with annual CPI increases expires 2020 + 2 x 7 year options expiring June, 2034

Employees
2 casuals

Comments
Training- Australia Post requires up to 90 days notice of transfer and six weeks of that time is spent in training. - Two weeks at the Brisbane GPO followed by two weeks in a corporate training office and the last two weeks at the post office being purchased. - Australia Post charges a fee for the training. New buyers will have first rights to buy the property if it comes up for sale

SBX Business Code: TTQD1103

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