Christmas Island Post Office Hits the Market: Rated Top 5 in WA

by Vanessa Lovie 24th of November, 2023

Christmas Island Post Office Hits the Market: Rated Top 5 in WA

In the heart of the Indian Ocean, a unique business opportunity has surfaced that promises more than just financial returns. The Christmas Island Post Office, a cornerstone in the community, is now on the market for the first time in 16 years. As the current owners look to retire, there is a rare opportunity to acquire this thriving business.

Christmas Island is renowned for its unique ecosystem and breathtaking landscapes. Tourists are drawn to its lush rainforests, pristine beaches, and diverse wildlife, making it a sought-after destination for nature enthusiasts.

The island is particularly famous for the annual red crab migration, a spectacular event that captivates visitors as millions of crimson crabs make their way from the forests to the coast.

With two flights per week from Perth to Christmas Island on Virgin Airways its provide a steady stream of tourists and contractors to the island.

Nestled on the north end of Christmas Island, just 400m from the Visitor Centre the Post Office enjoys a virtual monopoly, with the nearest competition a staggering 900 kilometers away. Mr and Mrs Griggs, the current owners, describes it as an "absolute monopoly," making this business a one-of-a-kind gem.

Operating 5.5 days a week with short opening hours of 42 hours per week, the Christmas Island Post Office is not only lucrative but also manageable, presenting an ideal opportunity for a couple seeking a genuine sea-change.

For those eyeing this opportunity, the asking price is $1,000,000 plus stock. Mrs Griggs highlights the business's profitability, stating that it "produces great returns." This is not just an investment; it's an opportunity to become an integral part of a tight-knit community.

The post office serves “Approximately 1400 Residents plus 200 fly in fly out Contractors as well as tourists to area”.

In a community where options are limited, the Christmas Island Post Office becomes more than just a place to send mail — it's a hub for gifts, stationery, and souvenirs.

"Gifts, stationery, souvenirs are big sellers as there are not many shops on the Island. We are an EIS/Passport Outlet, POM's in excess of $289 annually. We have 773 Boxes - 82% occupancy and 3/4 Philatelic issues a year." Mrs Griggs

With a diverse range of offerings, including gifts and toys, the Christmas Island Post Office has earned its place among the Top 5 Post Offices in Western Australia.

"I am proud of the diverse range of gifts/toys, and we have built the business up to one of the top 5 Post Offices in WA." Mrs Griggs

But this isn't just about selling a business; it's about finding the right family or couple to operate this community hub. Mrs Griggs emphasizes, "Someone community minded to look after the locals & supply what's needed."

Looking ahead, Mrs Griggs envisions a future for the Christmas Island Post Office, "Diversify & give it a fresh perspective, maybe dump some old ranges & introduce some new ones."

The Christmas Island Post Office, it's not just about profits and sales. It's about being an integral part of the community.

Mrs Griggs fondly recalls her favourite times owning the business, "Being a part of the community, staying back with late deliveries so everyone gets their Christmas, Chinese New Year & Hari Raya needs on time.”

“We loved adding the kids' passport photos to the wall and watching them grow up."

After nearly 17 years its time for the current owners to move into retirement, offering this great opportunity for someone to be a central part of this island community.

"We are still enjoying it but it’s time to wind down & retire."

For someone seeking more than just a financial investment, the Christmas Island Post Office can offer you a great rewarding lifestyle with a very good income. For more details and to express your interest, contact business broker Lee Goldstein from West Australian Business Brokers at 1800 566 872.

Tags: business owner business for sale post office