Latest News from Everett Masson & Furby
Post Offices Prove To Be A Popular Choice
EM&F Group have seen consistently high levels of enquiries for businesses across all sectors throughout 2020. Indeed, certain retail sectors have received greater interest than in recent years particularly those that have been either unaffected or positively impacted by COVID-19.
One area which has generated significant interest during 2020 is the Post Office sector which has seen an upturn in enquiries; this has led to an increase in Post Office sales be it those incorporated within a Convenience Store or a Mains Post Office with a high remuneration and supporting retail sales of gifts or stationery, etc.
Recent Post Office completions throughout EM&F include Broadclyst Post Office & Stores - a National Trust property set in a picturesque Devon village, Martins in Bicester, Oxon – a busy Post Office with a PO remuneration in the region of £100,000 and a McColls Convenience Store incorporating a Post Office situated in Salcombe Gardens, London.
If you are thinking of selling your Post Office there are steps you can take before going on the market to help boost interest. Ensure the business is in good repair and generally tidy before you go on the market; EM&F will take internal and external photographs to compliment the sales particulars - curb appeal is always beneficial. Our valuers will need 3 years accounts to enable us to give you a current market valuation, also a potential purchaser requiring a loan with need at least 3 years full accounts to enable them to raise funds. For leasehold businesses it is helpful for your agent to have a copy of your lease. Speaking to your regional manager at the Post Office can also prove useful as they may be able to give advice on timing and length of notice period.
In our experience, a business that is realistically priced and well-presented will immediately generate good interest within the market place. For further information or to discuss putting your business on the market contact your local office: emfgroup.com/contact-us or email: [email protected]
Selling your business – that’s our business!