At smaller sub post offices for example, you can't carry out as many transactions as you can on the high street. Buying a business: How to purchase a small business. These services vary – very few post offices these days merely sell stamps. I'm confused why the question is about Oz Post, but then Ford!? A post office branch often forms part of a large shop or store, like newsagents or your typical village store. Correct the photos MUST conform to DFAT requirements, its NOT the PO/LPO passport officer that say it no good. A lot it would seem, but the barrier to entry is extremely high on a price to earnings ratio. If lawmakers address the pre-funding fiasco they created while strengthening the invaluable—and profitable —postal networks, the Postal Service can continue to provide Americans and their businesses with the industrial world's most-affordable delivery network. Aren't JPs free? The path proposed by some critics—degrading the now-profitable postal networks and slowing the mail—is both illogical and counterproductive. It's also true that the Postal Service faces challenges; albeit not as often pictured. Despite the lack of ‘new' opportunities, it is one of the most popular avenues that potential businessmen and women explore. In fiscal 2015, package revenue increased by 11.4 percent over the prior year. Letter carriers boost communities and families through such volunteer actions as conducting the nation's largest single-day food drive or by sometimes saving lives on the route. As Derrick Evans, who is retiring sums it up: “A smile costs nothing.” One of Mr Evans' sons, with whom he runs the business is noted for his humour, and is thought to be a real draw for the customers. There are approximately 17, 500 sub-post offices in the UK. Seriously, nice fruit from QLD many Aussie haven't tried. The incoming mail has to be sorted (usually a 5.30am start) and if a weekend delivery of mail comes to the PO (usually on a Sunday afternoon) then that also has to be sorted. The payment of state benefits, traditionally carried out by the Post Office could possibly be passed over to the Universal Bank, based in Post Offices. That's why certain post offices will automatically deny your photo, even if it was done at paxtons where they check it with onscreen levels and then physically with the same guide auspost uses. To be sure, pre-funding isn't the only challenge the Postal Service faces. This will not be a problem as he currently runs an off-license business. About LPOs. As for qualifications, Derek Burgoyne, a partner in Bruce & Co, a business agents in Edinburgh, which deal with post office sales, argues that its more a case of possessing common sense. Removing the artificial financial crisis produced by pre-funding would allow the postal community to focus its energies on how best to address changing communications practices while maximizing the new opportunities. that hads to be PAID for. When you're looking for your post office business, make sure you find a competent agent and solicitor experienced in the purchase of post offices. I'm pretty sure that's just parts.. Now that I've done some googling they must have ridiculous overheads because they're losing just under a million dollars a day. In 2006, a lame-duck Congress mandated that the Postal Service pre-fund retiree health benefits. Postal Service is older than the country itself, delivers to 153 million homes and businesses six and increasingly seven days a week and consistently ranks as the public's most trusted federal agency. The Postal Service projects the delivery of 15.5 billion cards, letters and packages from Thanksgiving to New Year's Eve—including a record 600 million packages. With the introduction of Horizon, which will computerise the Post Office's system, this is not a business to go into if you are not prepared for the possibility of change. A £19,000 freehold business with 3-bedroom accommodation, near the coastal town of Rye. That's ridiculous. You'll see a lot of it in your post office transactions, but you need to watch your own pennies, especially in those first tough months. Derrick Evans has this advice: “As long as you have enthusiasm, initiative and patience, and let them know you're there, then you can do it. LPOs are currently underpaid for the services they provide. If you have a criminal record its probably also best that career-wise you look elsewhere. In the longer term, the better the business does and the higher the remuneration, the more your business will be valued at. For decades the USPS has by law relied on the revenue it earns. This means that you, as franchisee, buy the Post Office ‘brand', and the business is your responsibility, but you receive training and support from them. It's the centerpiece of a $1.3 trillion mailing industry that employs 7.5 million Americans in the private sector. The Post Office sends out a booklet to subpostmasters every week outlining details of changes to be made regarding the day to day running of the postal business. The comment regards Photos for passports, they make heaps from them, a lot of BS, the latest camera unit comes with a computer & printer etc etc That does not include wages or anything. This will enable all benefits will be paid directly into bank accounts. PO in small towns are required by Aust Post to open every Saturday morning (including long weekends). To continue reading login or create an account. the time it takes to do this certification can vary from 5min to 10 mins Derek Burgoyne of business agents Bruce & Co reckons that the average remuneration is around £12,000. This is just what I was told from an ex employee. I'm thinking it's a lot more complicated than just a simple percentage because they have to hold parcels for pickup and what-not. Phil Lett, a mid-corporate manager with Barclays‘ explains: “The Post Office Counter are very selective of their franchisees. You are paid according to each transaction that you carry out. Brand new post offices are rarely opened, unless new communities are built up, as they do not go into competition with each other. “You also need to have identified your competitors' strengths and weaknesses. I also don't see how they make money from PO Boxes. Yeah you need to take a long hard look at yourself. It also depends what services you offer. This post was simply made because I don't know where they actually make money to stay afloat. See why nearly a quarter of a million subscribers begin their day with the Starting 5. | Opinion. Material costs can be deceptive, but I'm sure all those parts just didn't come together and somehow make a functioning vehicle all by themselves. You have control of the ball, and you can drive your post office forward.”. At no point did anybody ever suggest anything of what you said. The past fiscal year yielded a $1.2 billion operating profit for the U.S. Internet facilities may also be offered. You will also follow their directives. The piece painted an unrelentingly negative picture of postal finances while referring frequently to a possible taxpayer bailout. Your whole comment relates to why I made this post. Also, I was told it costs about $15,000 to manufacture a $40,000-ish Ford in Australia and that they used to produce 500 a day and now they produce 120 a day and theres big gaps in the production line so people just sit around doing nothing waiting for the next car to come. Weekly sales of £700, with 33% Gross Profit. These vary from those that are open five days a week and Saturday mornings, or those that only open for three hours a day, three days a week. You are buying a business, not a three-bedroom semi, and the processes are not the same. And it's the third straight year that postal operations have been in the black—with $2.9 billion in total operating profits over that period. The facts are that you just dont know, how LPOs are run and operated, the costs associated with owning and operating, staff wages etc etc Post Office Counters cover phone bills and give holiday allowances, with a register of ex-subpostmasters to cover your absences. It is more likely that existing ones will come onto the market. Startup loans can be a great option. Shall I Take The Job A Offer or Wait for The Final Interviews at Job B. There are roughly 50, 000 postal assistants also employed across the country. In his case, he requires a liquor license for the off-license section of the shop. Plus AP "climbing into bed" with ebay is stripping post offices of funds. Opening hours are likely to be of the 9am – 5pm variety, plus Saturday mornings. The Postal Service is based in the Constitution. In terms of age, you should be between 21 and 60 years old. Payment is paid in 12 equal instalments; if you have a larger post office, payment will be monthly, based on the transactions carried out two months previously. Post Office Continues Sinking as the Band Plays On, The $5 Billion Loss-Making Post Office Needs a Reboot.