Sold
This business operates as a licensed post office with 243 mailboxes, boasting an impressive 95% occupancy rate, located in a coastal suburb of Adelaide.
Situated in a small local shopping centre the two terminal operation benefits from its prime location within a supermarket complex, ensuring a steady flow of foot traffic and easy access for customers with ample parking available.
The business enjoys the advantage of an attractive lease with 8 years remaining, providing a stable foundation for future operations. It is currently managed by a team of two full-time employees who operate the post office five and a half days a week, ensuring efficient customer service and smooth daily operations.
One of the post office's key income sources is the sale of cards and giftware, which accounts for approximately 40% of its total revenue. This diversified income stream adds resilience to the business and complements its essential postal services.
The business can be operated by a couple or remain under management, presenting a rare opportunity to acquire a well-established and successful licensed post office that has been serving the local community for decades.
Paul Windle 0410 394 254
Goodwill including Plant & Equipment | $350,000 |
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Stock at valuation (approx) | $30,000 |
$380,000 |
Current Rent | $1,659 per month + GST |
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Lease Commencement | 1st June 2021 |
Lease Expiration | 31st May 2026 |
Right of Renewal | 1 x 7 years |
Outgoings | Paid by tenant |