I’m not sure if this is a new policy but I just found out that new newsagents are barred from early returning magazines by Gotch and Network for their first few weeks. In one situation I saw recently a new newsagent had an account for less than $100 for their second month in once they could early return what was not selling.
Mark is this barring on early returns just a one off for the first Month only or does it apply to them all the time.
Also ticking like does not necessarily mean I approve of it rather it is an article I like because of what it contains.
Not new. We purchased our newsagency in March 2008 and were told exactly that. I think from memory it was 3 weeks.
Shayne, did you purchase an existing outlet or start a new one from scratch? I purchased mine in 2011 and never came up against this. I could see a reasonable argument from the distributors for new outlets as there is no data on what sells and in what quantities that you could base early returns on in the first month.
Peter one-off. I’ve heard of two and three weeks where buying an existing business. In one case the additional cash-flow cost to the new owner was dangerously challenging. It was not reflected in the cash-flow numbers they bough the business on and were not told until take over.
Steve, existing outlet. The reasons they gave I believe were so that returns did not get mixed up between the old and new owners accounts.
At least it is a one-off, thanks.