Sell My Post Office Business

Post Office business valuation and sale specialists with a demonstrated history of over one thousand sub-post office sales

How to sell a post office

The Selling My Business team are highly skilled and experienced in the sale of Post Offices and Sub-Post Offices across the country and are strongly connected to a range of actively interested buyers in the retail sector. Owning a Post Office business can significantly bolster services offered by your convenience store and newsagents, such as parcel collection, travel money collection, business banking services and bill payments. This can help attract a wider range of customers from small businesses and homeowners. The Post Office brand echoes trust and reliability, which when partnered with your business can help build a strong reputation and increase sales.

The Selling My Business Post Office team are knowledgeable of the National Federation of Sub Postmasters (NFSP) initiatives, working closely to support sub-postmasters and sub-postmistresses through the business valuation and sales process. The process will vary depending on the ownership structure, such as a Crown Post Office branch directly managed by Post Office Limited or a Sub Post Office where the business owner has a contract with Post Office Ltd, delivering the service through private premises.

How to sell your Post Office business

The first step when selling a Post Office business is to carry out a valuation to determine the financial value which will indicate towards a possible sale price. Using their industry expertise to maximise business value, the Selling My Business team have over 100 years’ collective experience in the business transfer trade. We offer a Post Office valuation service to help establish an asking price and unlike other business transfer agents, we never ask for upfront fees.

We have sold Post Office branches across each region in the UK by using our well-defined strategy to help you secure a buyer on a confidential basis. Our market appraisal will help you calculate the true value of your business, giving you the confidence to secure a competitive sale price. Post Offices are viewed as a safe investment by banks when seeking finance which is why a profitable Post Office can attract buyers fast.  The Post Office brand is constantly evolving to cater to evolving consumer needs, such as longer opening hours and easier access by incorporating services through retail facilities. Pre-transfer training is offered, post-training in the sub-office will be undertaken with an agency trainer and further training will also be made available.

Post Office purchase support service

Post offices cannot be bought and sold without Post Office Limited agreeing to the appointment of the new sub-postmaster. We offer a full service to the buyer of your Post Office to improve the probability of success for the Post Office application which consists of:

• Assistance with online application
• Assistance with the preparation of Post Office financial business plan
• Liaising with the Post Office’s AAPT (Agents Application Process Team)
• Assistance in preparing for the Post Office interview, including guidance on the format 
• Providing you with background information on Post Office Network Transformation and the Post Office’s strategic objectives

Over the last six decades, we have facilitated the sale of thousands of Post Offices and retain our title as a leading provider of business transfer services in this industry.

 

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• Previous sales and acquisitions experience
• Sector specialisms and average success rate
• Sales value expectations and growth potential

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10 Key Questions to Consider Before Appointing an Advisor

Our Essential Checklist to Selling your Business

How to prepare my Post Office business for sale

The SMB team will guide you through each stage of the process, including sale preparation and ensuring that your documents are in order to facilitate a quick sale. The largest cost is typically rent and finance costs, where applicable. Buyers will typically require the following information:

• 3 years’ worth of business accounts to identify profitability entity and debt levels
• Details of retail supply contracts
• Staff contracts and additional rights
• Details of leasehold or freehold transaction – i.e. copy of lease and whether this is transferrable or negotiable

If your community or local post office consists of adjoined accommodation, you will need to provide information on the condition of the property, basic contents and additional assets owned by the business.  

How much is my Post Office business worth?

When valuing your Post Office business, several factors will be taken into consideration, such as the business premises and the monetary value of equipment, determining whether the seller will be required to renovate the property or refurbish equipment before opening the business. If it is a turn-key business and ownership can be transferred without any interruption to business operations, this will help facilitate a quick sale.  

If the business has an established customer base and strong footfall due to the location and reputation, the value is likely to attract buyers, however, a business with modest turnover can also attract interested parties due to the challenge and marketing potential. The location in question will determine local competition and the distance to other post offices in the vicinity.

Value my Post Office business

We offer a Post Office business valuation service to determine the value of your business, helping you take the first step to sell your Post Office. We offer no upfront fees when valuing a Post Office and we will help expertly market to over 10,000 registered buyers. Our dedicated team have specialist knowledge of the Post Office and Sub-Post Office landscape across the UK and offer confidential, discreet support services.

We are the UK’s leading business transfer agents with a dedicated sale and in-house valuation team and a wealth of resources to help achieve the best possible market price for your business. Our in-house valuation team offer an expert valuation, for which they will require 3 years’ worth of recent/historic accounts. We offer more than a simple breakdown by assessing your profit and loss statement, gross profit margin and overheads. We have successfully sold over 10,000 businesses so we’re confident that we can source a buyer for your Post Office. We will guide you through how to value a Post Office business and the complex challenges you may face during the preparation and sale process.