Teesdale’s General Store & Post Office
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Are you looking for a ‘booming’ country general store with a residential lease hold? On offer is Teesdale’s local, looking after the towns postal needs and provides a great range of groceries, newspapers, magazines, gift cards, fresh flowers on special occasions, cigarettes, takeaway bottle shop and takeaway food.
Located in in the Golden Plains Shire, business is booming in the region with a total of 447 new businesses registered in the Shire in the 2018/19 financial year. Businesses in the Construction Industry lead the way, with 103 construction related businesses registering over the last year. Agriculture remains the predominant industry sector and recorded the second-highest amount of new businesses with 42. Administrative and Support Services related businesses are also on the increase, with 39 new businesses registering within the Shire’s boundaries.
The Teesdale town is no longer a sleepy town, it has become a place for young homebuyers prepared to make the 30-minute commute from Geelong looking to live on decent parcels of land. ABS population figures earlier this year show that Golden Plains Shire is still one of the fastest-growing areas in regional Victoria. Between 2017 and 2018 Golden Plains Shire grew by 2.4%, taking the Shire’s population to 23,120 people. These business registration figures and populator growth are a testament to Golden Plains being an emerging area to live and do business, with close access to Geelong, Ballarat and Melbourne markets.
The key business features are:
• Only store in town and with a highway location.
• Australia Post contract creating additional income and bringing in additional customers.
• Residence on site with low rent.
• Large range of groceries that shoppers want and buy frequently.
• Only local option for take-away food.
• Sells alcohol and cigarettes.
• Valuable trained local staff.
• Offers a catering service for local business, sporting groups and residence.
• Excellent range of products at affordable prices.
• Extra space and land available (e.g. potential for an outdoor eating area, animal feed products, local produce etc).
Why is this business successful?
The business is in the middle of the township, situated on the main road next to the local pharmacy and within proximity to the local school, making it convenient for customers and attracting passers-by. The next larger town with a supermarket is 20 minutes away.
The Post Office offers all general Australia Post services and as there are no mail deliveries in town, all Teesdale locals must visit the store to pick up their mail. In doing this it results in other purchases being made in-store. The Australia Post Contract is commission based which is paid monthly. All the equipment for running the post office is supplied by Australia Post at no cost and training is provided.
Teesdale General Store and Post Office is also a residence with low rent and a secure lease. The house to the rear has three bedrooms and one bathroom, although the current business owners utilise one of the bedrooms, kitchen and lounge room for storage.
Teesdale is a growing community with housing development set to increase. Being the only store in town with no direct competition promises even more customers. The current customers are the older Teesdale regulars who prefer to travel less and of course, the young families popping in after school.
If you are looking from an excellent business with a great return and lifestyle on offer, then enquire now.
Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.
Price: $465,000 + SAV
Finn Business Sales - Geelong and South West Victoria
Office: (03) 5259 9970
Broker: Anthony Dickson | Mob: 0431 279 400 | firstname.lastname@example.org | geelong.thefinngroup.com.au