Is it worth buying a Post Office?
Yes, buying a Post Office for sale can be a worthwhile venture. These businesses typically have consistent footfalls and generate stable income streams. Profitability, however, will depend on how well-run the branch is and the quality of employees.
Can you own a Post Office in the UK?
You can. It is common for UK-based Post Offices to be run as independent businesses by franchisees or sub-postmasters. These individuals will be responsible for mail services as well as retail operations. However, you must have approval from Post Office Counters Ltd.
How do Post Offices make money?
There are many revenue streams for Post Offices. Some of the most common include:
- Postage and parcel services
- Banking and other financial services
- Bill payment processing
- Selling stationery, greeting cards, and other retail products
- Government and business transaction commissions
What experience do I need to run a Post Office?
Some of the key skills needed to run a Post Office successfully are customer service, financial management and staff supervision. It’s worth noting that Post Office Counters Ltd provides training for new operators that covers basic procedures, compliance and service delivery.