Warrimoo General Store & Post Office, (NSW)

6 days ago

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Internal Ref: LF2507

Summary

Warrimoo is a medium-sized village in the lower Blue Mountains 68 km west of Sydney

Reason for Sale

Retirement

About the Business

The Post Office: Has traded in its current location for the past 19 years, fitted- out to Australia Post requirements and specification. The shop is large with room to introduce other products. This shop has a strong and loyal local client base.

The Business: Open Monday to Friday 7:00am-7:30pm and 7:30am – 6:00pm on weekends. Equipped with one good size counter with one Epos machine, 1 label printer and 1 barcode scanner. In addition, there are 92 private post boxes installed, mostly occupied. Perfect for a husband and wife team.

General Store: The Store sells groceries, milk, bread, newspapers, magazines, gift lines, lollies, ice creams, toys sunglasses, soft drinks, hot food, frozen meals, coffee, tea, takeaways and flowers. There is a security system fitted.

Services Provided: The Post Office provides finance and insurance services, identity and document services, parcels and mail services and travel services for all businesses and residents of the suburb.

The Location & Supporting Benefits: Warrimoo is 5 train stops from Penrith. At the centre of Warrimoo is the railway station and citizens hall. There are several shops around the train station including the post office and general store, which is a popular tourist stop off point. Plus a fire station, café, car mechanic, antique shops and Italian Restaurant.

Premises: The Post Office is a freehold option with a purchase price of $1,200,000. There is also the option of renting for $3,333.33 per month plus outgoings. There is an additional 1-bedroom flat with separate entrance, currently tenanted at $300 per week.

Net income approximately $141,000+ per annum
Price $175,000 + SAV ($40,000)

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