Mailbox & USPS UPS/Fedex & DHL ASO shipping store in Palos Verdes

A very good independent mailbox & shipping center that is completely run by competent employees. This mailbox and shipping store is well known in the community and sees a lot of foot traffic. The business is being sold due to current owners’ inability to dedicate more time & effort in the business for last 1 year. This business has lot of different streams of income from the notary, faxing, printing, document scanning, both physical and digital mailboxes, rubber stamps, passport photos, secure shredding, as well as shipping using UPS, FedEx, USPS, DHL, and a large assortment of packaging supplies (various boxes, peanuts, bubble wrap of various size, padded mailers, decorative boxes & mailers etc). Mailboxes: There are 238 mailboxes with more than 75% occupied with about 23 Large mailboxes that are occupied. All the mailboxes have a 24-hour access available for customers. The rates have not been changed in the last two years & is a good opportunity since with COVID rates for everything has gone up. They have also added text/email notifications for packages received for mailbox customers. This business also has about 18 digital mailboxes with the potential to add lot more since there is no physical capacity limitation. New owners can add more digital portals (iPostal, SphereMail & Post/Scan mail) for expansion in this area. Shipping: This is an authorized shipcenter for UPS, USPS, FedEx & DHL, so they can offer the multiple options for shipping to customers at multiple price points. Shipping business has also grown considerably from 2019 to 2021 with gross shipping profit increasing by 50% during this period. One of the employee is a notary public & that adds to the income. Key improvements in the last two years include 2 new computers, new TV, receipt printers, rubber stamp printer, Quickbooks integration with POS system and an updated website. Owners have spent lot of effort & money in digital & direct marketing. The website has been upgraded to add an online contact form as well as subscription link. Business also can send direct emails & coupons to customers with email marketing using MailChimp. They have also sent flyers & postcards for marketing in the neighborhood. They have also invested in Google Ads & yelp Ads to increase the business along with listings on various maps & sites like Google, Yelp, Bing, etc. to generate ongoing organic foot traffic to the store Current owners wanted to add a new e-commerce website for large format as well as business printing, but this had been put on back-burner. The current owners will be able to guide the new owners on the pathway to creating this e-commerce printing website. The business also has a small office space in the back that can be used for an additional small business like an accounting professional etc. There is lot more that can be done to increase the bottom line like adding the fingerprinting, large format/business printing, gift items, office supplies. Mailbox rates have also not been changed for 2 years and can be raised. Amazon as also reached out about adding an Amazon Counter program that can be added to increase foot traffic. All in all, this store can be a high volume store with some dedicated effort towards adding new income streams. PLEASE NOTE THAT EMPLOYEES ARE NOT AWARE OF THE SALE TRANSACTION, SO PLEASE DO NOT ASK THEM. WE LOOK FORWARD TO HEARING FROM YOU. THANK YOU. Location: Rancho Palos Verdes, California Number of Employees: 2 Real Estate: Leased Building Sq. Ft.: 1,250 Rent: $4,782.78 Per Month Lease Expiration: 6/30/2024 Facilities: a) Mailboxes with 24 hour access gate b) 2 POS computers with stamp printer, receipt printer & shipping label printer, barcode reader & integrated credit card processing machine ( CC machine 1 - Leased at $27 per month) c) Color Laser printer (copy, print, scan) d) Canon Multi function printer (LEASED) e) Counter, 2 Gondola displays, etc. f) Bubble wrap & box stand g) StampPro Creator (Rubber stamps printer) h) Passport photo printer, laminator, shredder, Key machine, i) office furnishings j) Robo vacuum Market Outlook/ Competition: Mailbox services continue to rise due to increase in shipping & theft of customer packages by porch pirates. This area will see lot of growth once Covid subsides. There is a new housing community that is coming up closeby that will add more customers to the market. Growth & Expansion: New owners can add more digital portals (iPostal, SphereMail & Post/Scan mail) for expansion in digital mailboxes. The business also has a small office space in the back that can be used for an additional small business like an accounting professional etc. There is lot more that can be done to increase the bottom line like adding the fingerprinting, large format/business printing, gift items, office supplies. Mailbox rates have also not been changed for 2 years and can be raised. Amazon Counter program can be added to increase foot traffic.