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Mailbox Rentals For Sale

North Park, San Diego, California - South, US
Asking Price:
$365,000 Inventory / Stock included
Sales Revenue:
$276,694
Cash Flow:
$103,297

Founded in 1992, the postal store is located in the Uptown District in San Diego's Hillcrest until moving to the current location at 2358 University Avenue in the North Park area. The current location is 900 square feet in a clean and immaculate small L-shaped shopping center. The parking lot spaces are not dedicated but adequate. The current monthly rent is $1,670 per month with an NNN expense of $468. There are a little over 2 years of lease remaining in the second five-year period with one remaining 5-year option.

The Postal Place relocated to this space years ago. It was a great decision because it is located in the heart of a high-density, relatively high household income section of the San Diego, North Park market. The Postal Place is located immediately adjacent to the 7-Eleven, and Chevron gas station which is on the end cap of the small shopping plaza. University Avenue, is a major North-south, multi-lane, divided traffic artery the cross street is Texas Street. Other tenants include Pizza Hut, State Farm, A&K Nails & Spa, Wash & Go Laundry, SDGA, and Golden Donut. Thus, due to the visibility, this business generates lots of walk-ins. However, its main customer source is referrals and repeat clientele.

As shown in the business's website, the facilities include mailbox rentals, digital mailboxes, which are very profitable. The new owner could also add retail, administrative service sales to this business.

Property Information

Real Estate:

Lease

Lease Terms:

The rent is $1,670 per month and with an NNN expense of $468. There are over 2 years of lease remaining in the second five-year period with one remaining 5-year option.

Living Accommodation:

N/A

Location:

North Park San Diego, California

Premises Details:

900 sq. ft. in located a highly trafficked strip mall

Size in square feet:
900
Planning Consent:

N/A

Business Operation

Expansion Potential:

Turnkey enterprised business, build your own concept, transform into postal mailbox and administrative services such as bookeeping, tax prepare or real estate services, Fed Ex terminal.

Competition / Market:

UPS

Reasons for selling:

The owner wants to have a much needed retirement

Trading hours:

Monday Tuesday Wednesday Thursday Friday Saturday Sunday
11am 11am 11am 11am 11am 10am Closed
-6pm - 6pm - 6pm -6pm -6pm -12pm

Employees:
2 with Owner
Years established:
1992

Other Information

Support & training:

30 days free training

Furniture / Fixtures value:
$11,244
Inventory / Stock value:
$30,000 - included in the asking price

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