Basic Guide when Buying a Licensed Post Office in Australia
Licensed Post Offices (LPOs) are privately owned offices which have access to the Australia Post’s electronic point-of-sale (EPOS). For most Business Brokerstoday, LPOs will never be out of the market even if there is a decline in the demand for the traditional postal mailing services. More information Business Brokers
The modernised post offices are now operated in connection with other businesses such as a general store, a pharmacy, a new agency or a Lotto agency. They also provide their clients access to a variety of products and services such as bill payment kiosks, money transfers, postal packaging, mail services, and banking.
What could be the reasons for selling?
Retirement due to illness, relocation or migration, or bankruptcy can be reasons why a licensed post office is listed for sale. Another reason may be that the owner has no heir to take over the business when he or she dies.
Whatever reason there is for selling a business, you or any buyer must take the necessary decisions to do some investigation to ensure that no significant issues arise after the deed is signed. If you want the help of professional Business Brokers, you can visit Connect Business Agents to help you acquire a business with less hassle. Check it out at Connect Business Agents
What products can you sell?
Operating a licensed post office doesn’t literally mean that you are only receiving and sending mails and packages to and from different parts of the world. LPO licensees have greater opportunities with Australia post products and services as they offer a wide range of products such as postage stamps, prepaid stationery, banking services, money orders, bills payment services for a third party, and mail acceptance and processing.
Some licensees also offer side cafe, telephone prepaid credits, photocopying, photo express services, and other relevant products and services. Being said, every post office for sale Melbourne or any Australian urban has is a great opportunity to grow a business.
What are the primary things to consider when buying an LPO?
There are a lot of post offices for sale Melbourne or other cities have in store. However, there are several factors that one must consider when buying a licensed post office in Australia. You must be keen about:
- Building structure whether it is owned or leased
- Size of the business and its conjunction business
- Income from the post office business alone
- Size and condition of the premise
- Operation equipment whether they are electronic or manually operated
- Disclosure document
- Number of the PO Boxes
Added to the above qualifications, the Australia Post has the final decision as to approve or reject the next owner of the LPO. Therefore, it is the initiative of the post office seller or the Business Brokers to check the credentials and license of the buyer.
Why need a business broker?
Business Brokers have the ample training and credentials to conduct selling and procurement of businesses. Just make sure that you contact only the ones who have ample experiences in the industry, as well excellent client feedback. This is to ensure that you get the best services for your money.