Australian Newsagency Blog

We have decided to put a price on the Forest Hill business.  After a few months of it being listed we have found that people are reluctant to look at the numbers and make an offer.  They prefer a price as a starting point.  This says something about how newsagencies are purchased.  It also says something about tradition I guess.

I am considering the acquisition of a software company (not in the newsagency space) and in my research I found that many software companies for sale were not listed with a sale price.  Prospective purchasers are expected to review the numbers and make an offer.  This is the approach I expetced to follow for the newsagency, to let the market find its level