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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

180 Reviews

Mr and Mrs Hutson

Throughly pleased with all aspects of the service, always updated on every change, or new information regarding the sale of our house and purchase of the new property. Everything went smoothly and couldn't fault the attention to detail and customer service. Thank you to Beth and all who assisted in the process.

Gary R

Efficiency, friendly and supportive Karen Saunders gave excellent advice with no nonsense answers to my enquires and difficult decisions

Mr Adams

Efficient and friendly from start to speedy finish

Sue W

In May 2017 after a long & painful road of recovery wich is still ongoing today. I finally plucked up the courage & decided to approach Willams Solicitors as I felt that there was something very wrong with the poor service i received in March 2015 from 1 1 1. Having made two calls over the weekend. Inspite of right leg being in immense pain & stone cold I was told that i had probably pulled a muscle nothing they could do for me & to visit my GP So after a weekend of struggling with pain i visited my GP to be rushed to Hospital with absent pulses in the right foot. On examination there was a blood clot on my right knee caused by Critical ischaemia nothing whatsoever to do with a pulled muscle. I was told i needed a thrombosis procedure to dissolve blood clot if this was unsuccessful they would have no other choice than to amputate below the right knee I was devastated Thanks to this amazing solicitors who advised me that they felt 1 1 1 had possibly been neglectful & would like to take my case on. With an outstanding Nick Gray becoming my solicitor & the amazing team of experts including Julian Matthews an absolutely brilliant barrister Vascular surgeons experts Professor sir Peter Bell & Professor Shearman who were also amazing in highlighting the Hospital were neglectful as well & need not of removed my leg & could have avoided amputation. All of the other team of experts who helped with this case as well were very good In fact I had a fantastic team i couldn't fault Williams solicitors at all. They proved all 3 defendants to be negligent & they got me an amazing settlement far more than I could ever dreamed of & in a short space of time A huge thanks to Nick Gray & his fantastic team inside & outside Williams I can start rebuilding my life knowing I can afford to have & get the very best in making life a lot easier. I can't have my leg back but I can now smile again knowing life won't be a struggle. I would strongly recommend this Solicitors to anybody who needs a professional honest caring & worth every penny Solicitor you will not be disappointed. Once again a massive Thank you to Nick Gray & all his team ❤ Sue Willoughby

Mrs Pannhausen

Very impressed with Suzanne, Beth & Natalie at the Bridlington Branch, they give 100%, will use them again & recommend them to friends & family.

Mr and Mrs Preston

Williamson’s provide an excellent service at a reasonable price. Very easy to deal with and excellent communication was provided all the way through the transaction. Just what you need in a solicitor.

LJM B

I would highly recommend Williamsons Solicitors, Gordon represented me for my case and was excellent. Always on the end of the phone when I need him. overall top job thankyou. Mr Lloyd Milner

Mr & M

Very friendly and efficient service always replying to any queries and emails on the same day. If solicitor not in still dealt with by other staff. Would definitely recommend and will use again

Mr Andrew W

They have handled my house moving with professionalism and friendliness and kept in touch regularly to keep me updated I would strongly recommend them 👍

Mr Deeley

Very good service from everyone I dealt with at Williamson's. They were very quick and responsive and gave that extra push to get me completed before the Christmas holiday! A very nice Christmas present for me!

Mr E A

Very good service.

John B

Friendly service straight to the point no messing around ... from start to finish less then 4 month Yana had every thing in hand many thanks

Mr and Mrs Rollinson

Excellent service from start to finish Alison Craven explained everything in detail making sure we understood

Broadley H

Excellent service from Williamsons throughout a very protracted property transaction. Carey was patient and helpful at all times and we would highly recommend Williamsons based upon our experience. Thank you :)

Paul B

Hi, Thankyou for helping me with the sale of my late mothers house. You kept me informed and processed the transaction very quickly. Regards...Paul

Mr William E

Williamsons Bridlington office conducted the conveyancing of my house recently. The customer service was exceptional and very professional. The regular communications were very helpful and i was kept up to date throughout the process. Many thanks to Suzanne, Beth and all the staff at the Bridlington office.

Anonymous

Friendly supportive service. Explained everything and responded to queries promptly

Anonymous

Its always difficult when you are selling a house but even more so when it is a probate sale. Williamsons have handled my sale with sensitivity and efficiency and have supported me throughout the process.

Mr & M

Very efficient, prompt replies to queries, show good team work and a very reasonable bill at the end.

Mr D A

I was given an efficient, friendly and courteous appointment.

Mr and Mrs Lang

Thorough and commendable.