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Buying a Post Office

Buying a Post Office

Want to be the master of your own destiny and own your own Post Office?

At Williamsons, we have a specialist team who will be able to make your ambition a reality when buying a post office.

The Post Office is one of the most reputable and trusted brands in the UK, offering essential everyday services, whilst also providing a fundamental and imperative public service to the community. The Post Office network is the country’s largest retail branch network.

With over 90% of the population living within one mile of a post office, post offices provide easy public access to essential services including mailing, access to cash and retail goods.

Just under four hundred post offices are run by people directly employed by Post Office Ltd. These offices are called ‘directly managed’ or Crown offices. However, 97% of all post office outlets are sub post offices run by private business people called subpostmasters. Subpostmasters are not Post Office Ltd employees, but instead have a contract with the Post Office Ltd to provide services using their own premises and staff. Generally, subpostmasters receive a fixed payment from POL, which is essentially topped up by a payment which is based upon the number of transactions they carry out.To find out more information about becoming a subpostmaster and buying a post office, click here.

In November 2010, the Government published a report detailing new plans for the future (click here to view report). Importantly, the Government has committed to no further post office closure programmes. Instead, the Government wants the Post Office Ltd to expand its financial and Government services, and expand the number of Post Office products available, such as more high street bank accounts and credit unions at post offices. At Williamsons, we recommend that when buying a post office, you ask the vendor to provide you with the following:-

  • At least the last 3 years accounts of the business. This will enable you to make sure that the business is profitable and a good investment.
  • Details of all supply contracts. You need to know who you suppliers are, especially if cold drinks, stationary, cards etc, are sold.
  • Details of all staff. You will need to make sure that you are provided with full details in writing of all the employees and workers (whether full or part time) and the terms of their respective contracts, such as their hours of work, what they are paid, etc.
  • Confirmation as to whether the transaction is leasehold or freehold. Should a lease be involved, it would be worth asking the vendor for a copy of the lease. You need to then determine whether the lease can be transferred or not. If the lease cannot be transferred, you will need to make enquiries with the Landlord to see if they would be willing to negotiate a new lease with you. If so, you need to ask the landlord what the terms and conditions of the lease would be.

Please note that the above list is non-exhaustive; depending on the nature of the transaction will very much depend on the information which you will require, however the above list is the information which you should obtain from the vendor irrespective of the nature of the transaction. If you are buying a post office, visit us or call our Commercial Property team today on 01482 323697.

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Read some reviews from our clients

4.89 Average

143 Reviews

Brian R

This is the third housing transaction Williamsons has done for me in the last year and I have been very satisfied with the proceedings . I particularly admire the capability and knowledge of Suzanne Spooner who is a very smart lady.

Mrs Robinson

Smooth and easy sale and purchase. Extremely helpful and supportive. Kept me informed at all times. Would highly recommend. Thank you so much.

Mr & M

Excellent professional service from Jane Cousins and her colleagues in the conveyancing department.

Mr and Mrs Height

The team excellent

Michael S

A pleasure to deal with, helpful and polite during the sale of my property. Thankyou.

Mr and Mrs Mooney

Always someone available to talk with us which was very much appreciated. Many thanks for a very quick and efficient service. A house sale made very easy for us. Many thanks once again.

Mr Hall

Always upfront, helpful and on the ball.

Mr and Mrs England

We picked Williamsons to write our wills based on the reviews online. It’s true to say that those which recommended their services were totally accurate. We started the process only having a vague notion of our requirements but with Alison’s excellent coaching we ended up with wills which have ensured our wishes are fully captured. The whole process was friendly yet very thorough and we were given clear, understandable, explanations of each and every element. From this experience we have no hesitation in recommending Williamsons services.

Mrs Woodhouse

Professional and prompt Highly recommend

Gary G

I used a google search looking for local solicitors within the Hull area and Williamson's where at the top which provided me with great confidence to contact them. I 110% satisfied with the service I received I could not fault any of it from the very first phone call to the final summary email. Service was exceptional. Bill him self was great and very helpful.

Carla

Wayne Walker was amazing throughout my whole case. He kept me upto date and always had time for me when I needed support. I couldnt have asked for a better firm of solicitors would highly recommend to anyone.

Mr Stephenson a

Great service. Fast and informative responses. Great at answering our first time buyer questions. No problems at all!

Anonymous

Couldn’t ask for a better service, very helpful.

Anonymous

Absolutely first class service from start to finish. Open, transparent with costs and all work carried out in a fast timely manner. Highly recommend the use of Williamson’s conveyance services.

Miss S

Very good company. I will always use Williamson's for any legal matter. Efficient,friendly and helpful.

Anonymous

Would just like to mention your Bridlington branch is so highly recommended. We have had the most efficient & fast legal work done by one of your brilliant Solicitors called Lauren. Can I add no stress what's so ever. Thankyou Williamsons Solicitors & thankyou Lauren.

Anonymous

Have used this firm for both buying and selling properties and would use them again. They've always been fair and reasonable in what they charged and done their best to keep me informed on developments in above transactions.

Philip P

Williamson's Solicitors provide first class advice, efficiency and are very obliging. We would highly recommend their services.

Mr and Mrs Emmerson

After a long haul with our house sale, we where pleased with the professionalism shown at all times, with friendly approachable staff at Bridlington.

Mr & M

Excellent professional service throughout, couldn't fault anything. We found them to be very thorough and looked out for our best interests at all times! We are intending to purchase another rental property and will definitely be using Williamsons in Beverley. Thank-you again Amanda for all your help and expertise!

Mrs Gamble

I was very pleased with the service i received from williamsons solicitors every person i dealt with were friendly understanding and very professional and especially mr tim slow who helped me with everything i would highly recommend williamsons solicitors