Selling a Post Office.
Navigate the process by leveraging POtalent’s experience.
Call us now on 01394 802 880 or:
Navigate the process by leveraging POtalent’s experience.
Call us now on 01394 802 880 or:
Nobody understands the sector better than us. After years of experience helping people in this sector and having sold businesses ourselves – we understand what is important to you if you are selling.
Often the thing that holds up the selling of a Post Office is the application of the buyer. We have helped thousands of buyers through successful applications that speeds up the process for the seller. As part of the application process a lot of information is required, which we can help you collate for a ‘right first time application.
If you are thinking of selling your Post Office, follow our step-by-step guide to a successful transfer of business.
After years of experience helping people get appointed and being appointed ourselves, we have created a game-changing service.
We know what it takes to run a post office and our aim is to share our know-how to help others be successful in their own venture.
Many people go it alone and fail. We prepare you with everything you need to have a successful application first time saving you money and time in the process.
Your one stop portal to all our tools, educational materials and gateway to the Post Office community.
The first decision is deciding you wish to sell. The second is choosing how you are going to find your buyer. You can use selling agents or you can find a private buyer. You need to collate your key business information for potential buyers.
Selling your Post Office can take some time as you need to find a buyer! Business transfer agents have mailing lists they can use, or you may have potential buyers in your personal community.
If you decide to sell privately, we can tell our community about your branch opportunity. Telling them the name of your branch and the post code. They can simply visit you to begin discussions with you directly. Likewise if you wish to add to your portfolio we can let the community know.
Once you have agreed your deal you should confirm the details in a Heads of Terms document for both parties. You can initiate the application process, but you should be clear how you wish to fund it as you will need to show your ability to pay for the business during the application process. Speak to us about finance options.
However, we do recommend you contacting a business transfer agent to see what they have to offer!
When you have reached a deal and are ready to move forward together, you should create a heads of terms document for both parties to sign. It should summarise the key points of the deal. You then have to give ‘notice to leave’ to the Post Office which will initiate the application process for the buyer.
You should be ready to provide key trading information (usually your recent Profit & Loss account and VAT returns) and be able to explain key costs like staff, rent , rates. We can provide you with a seller pack.
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