Australian Newsagency Blog

A blog on issues affecting Australia's newsagents, media and small business generally.

Entries Tagged as 'buying a newsagency'

How new owners trashed a retail business in two months and look set to lose money

September 22nd, 2014 · 2 Comments

There is a cafe near my office that grew in popularity from opening several years ago. The food range was excellent, the quality high, the service friendly and the coffee good. Three months ago, the business changed hands. The new owners replaced the staff, changed the food range dropped the food quality and demonstrated little […]

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Tags: buying a newsagency · Customer Service · Newsagency management · newsagency marketing · newsagency of the future · retail

Promote your newsagency for sale to your customers

January 23rd, 2014 · 10 Comments

Consider a sign in the window if you are selling your newsagency. A customer could be in the market for a business and yours could be a good fit. Brokers tell me buyers in rural and regional situations are more often locals. A sign in the window can work – as long as the business […]

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Tags: buying a newsagency · Newsagency for sale

It’s time for a code of conduct for newsagency brokers

August 3rd, 2012 · No Comments

Rather than getting involved in commercial deals outside the remit of a traditional association, newsagent associations should spend their time and newsagent money on association services. One such service could be the development of a code of conduct for newsagency brokers. Newsagency brokers are vital to the renewal of the channel. They assess, package and […]

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Tags: buying a newsagency · Newsagency for sale

Take care when buying a newsagency

January 11th, 2012 · 16 Comments

I have been contacted by another newsagent this week who is considering taking legal action against the vendor and broker for the newsagency they purchased from and through not so long ago.  They think that they have a case based on the financial data presented. In this case the business was purchased based on sales […]

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Tags: buying a newsagency

Due diligence tips if you are buying a newsagency

September 25th, 2011 · No Comments

My work with my newsagency software company, Tower Systems, sees me get involved in many change of newsagency ownership situations. Often, the involvement is sought to help get to the bottom of a dispute. If the purchaser undertook reasonable due diligence many of the disputes I see could have been avoided. Here is my incomplete […]

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Tags: buying a newsagency

New greenfield newsagency opportunity in Victoria

August 2nd, 2011 · No Comments

I am aware of a greenfield opportunity in Victoria.  If you know of someone looking to create a new retail only newsagency or someone interested in buying a newsagency please get in touch with me by email at mark@towersystems.com.au or phone 0418 321 338.  While I am in New Zealand until tomorrow morning my phone […]

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Tags: buying a newsagency · Newsagency opportunities

Why a newsagency can be a good business to purchase

February 25th, 2011 · 63 Comments

Every week I hear from one or two people looking at buying a newsagency asking about the process or whether I think newsagencies are good businesses to own. A it happens I do think that newsagencies are good businesses to own.  Sure, print products are challenges.  However, they are not dying any time soon.  Indeed, […]

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Tags: buying a newsagency · newsagency of the future · Newsagency opportunities

The danger of an uninformed broker

September 10th, 2010 · 8 Comments

There is a considerable risk in selling or buying a newsagency using a regular real estate agent.  They often do not understand the specialist requirements for managing the change of ownership of a newsagency.  I have seen serious mistakes made which have cost one of the parties a sizeable sum. Buying a newsagency is a […]

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Tags: buying a newsagency

Why would you buy a newsagency today?

May 31st, 2010 · 7 Comments

I am often asked by people looking at buying a newsagency why they should given the issues and challenges discussed here and elsewhere. In my view, a newsagency represents a good investment and offers good opportunities, plenty of upside – despite some challenges presented by out of date practices.  The value in theupside is why […]

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Tags: buying a newsagency · Newsagency management · newsagency of the future · Newsagency opportunities

The ethics of deleting stock records when you sell your newsagency

May 21st, 2010 · 24 Comments

Would you buy a car off the lot without fuel?  When you buy a newsagency you can reasonably expect to be buying the business in its then existing form: shop fit, stock, customers. It is also reasonable that you expect to be buying information necessary to run the business.  Information is the fuel of any […]

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Tags: buying a newsagency · Ethics · Newsagency for sale

If you are buying a newsagency don’t be ripped off at the stocktake

May 3rd, 2010 · 42 Comments

The most accurate way to determine the value of stock being sold with a business at the time of changeover is to use the stock value in a Point of Sale system used by the business and where a stocktake is done, using the system, at changeover. The resulting stock listing and valuation is based […]

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Tags: buying a newsagency · Newsagency challenges

New newsagency opportunity in Dubbo

March 25th, 2010 · 6 Comments

I have been made aware of a greenfield opportunity in the Dubbo region for anyone interested in buying a newsagency or opening a new newsagency. It is in a centre, part of a new development. Let me know (0418 321 338) if you would like more details. 0 likes

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Tags: buying a newsagency

Thirty new newsagency locations

March 3rd, 2010 · No Comments

People interested in buying a newsagency would be well advised to check with lease consultants and or landlords given the number of new newsagency locations available right now. I have seen a list of thirty quality shopping centre locations across the country.  Many, but not all, are in new centres where the landlord is looking […]

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Tags: buying a newsagency

Three new newsagency locations available

December 24th, 2009 · No Comments

I’m aware of three new newsagency locations available through my involvement with newsXpress.  One each in Victoria, New South Wales and Queensland.  Each is a greenfield shopping centre based location set to open early in 2010.  If you know of anyone interested in opening a next-generation newsagency, please pass on my details: 0418 321 338. […]

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Tags: buying a newsagency · newsagency of the future

Owners wages are not part of profit

September 10th, 2009 · 9 Comments

Often, brokers handling the sales of newsagencies add back owners wages to the profit of a business before determining the selling price. For someone who has not purchased a newsagency before this can provide a false view of what the newsagency is worth. They see a ‘profit’ of $150,000 a year and think that is […]

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Tags: buying a newsagency

New newsagency opportunities

September 5th, 2009 · 6 Comments

Through my involvment with newsXpress I am hearing of more newsagency for sale opportunities through landlords looking to get national brand representation in their centres.  Right now, I am aware of newsagency locations available in Queensland, New South Wales and Victoria.  Some are greenfield locations and others are existing centres. I’d  be happy to point […]

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Tags: buying a newsagency · Newsagency for sale

When you sell your newsagency: the handover checklist

August 20th, 2009 · 25 Comments

I have been working with several new newsagents in recent weeks to help resolve issues arising from poor handover from previous owners. In each case, the main issues could have been resolved with the outgoing newsagent providing a document at settlement which details information crucial to the running of the business. Instead of a gracious […]

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Tags: buying a newsagency · Newsagency management

Helping new newsagency owners

August 17th, 2009 · 10 Comments

I met with a newsagent in Sydney tonight to talk about challenges faced by the business.  Answers for the key challenges are in their business data.  The biggest challenge is understanding that and then leveraging the data to guide a solution. The newsagent is relatively new to our channel – less than a year.  They […]

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Tags: buying a newsagency · How is business?

Buying a newsagency seminar

July 13th, 2009 · 1 Comment

Newstrade is running a seminar for anyone interested in buying a newsagency on July 22 – in Burwood, NSW.  This seminar is an excellent opportunity for anyone in NSW considering buying a newsagency to find out more about the newsagency business and the process of evaluation and purchase. 0 likes

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Tags: buying a newsagency