Many a lifetime ago I used to have to go to the post office 10 times per week for work, and I became good freinds with the owners of my local PO. They bought theirs for like $200-$400k, and later sold it for $1m about 7-9 years later. New owner had 2 of them and was quite happy although his interest bill was quite high
I haven't really looked into them seriously but here is a few bits of feedback that ive heard/experienced, and was wondering if people could share as well.
- they are considered one of the safest franchises you can buy
- however you do pay dearly for them, 4 times net profit when other businesses are usually 1.5-3
- Hours arent the best but you still should get your 1-2 days off
- Emails have severly reduced the number of letters being sent
- How do they calculate profit? eg % of turnover
- How much do they make off someone paying a $100 gas bill?
- I guess unlike many other industries, you'd have to declare every bit of income and cant be naughty
I haven't really looked into them seriously but here is a few bits of feedback that ive heard/experienced, and was wondering if people could share as well.
- they are considered one of the safest franchises you can buy
- however you do pay dearly for them, 4 times net profit when other businesses are usually 1.5-3
- Hours arent the best but you still should get your 1-2 days off
- Emails have severly reduced the number of letters being sent
- How do they calculate profit? eg % of turnover
- How much do they make off someone paying a $100 gas bill?
- I guess unlike many other industries, you'd have to declare every bit of income and cant be naughty