This Studio City Area mail, shipping, postal and additional services center is part of a national franchise system that benefits from outstanding brand recognition. The services based business is located in one of the San Fernando Valley's most desirable locations. The store boasts dedicated parking, which eliminates access challenges for customers in the high traffic shopping center the business is located in. The business has few that 50% if its mail boxes rented, but this profitable recurring business continues to increase. Monthly franchise fees of 7% an advertising royalty. The franchise provides 2 weeks of training and substantial franchisee support for software, business structure, operations and advertising.
The 1,100 square foot facility leases for $2,565 per month plus an additional $1,938 in common area maintenance (CAM) expenses on a lease until 2020 with two 5 year options. All of the businesses furniture, fixture, equipment, franchise territory rights and goodwill will be included in the sale. Approximately $18,000 in inventory will be sold at cost at close in addition to purchase price.
Since the operation is located in a busy retail complex with high-traffic neighbors 6 dedicated parking and convenient access, this postal center has a number of signification advantages over competing ones.
Significant opportunity for upside potential exists, most of which is anticipated to be achieved via continued organic growth and from the enterprise's proven methods.