Due diligence tips if you are buying a newsagency
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...
View ArticleTake care when buying a newsagency
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...
View ArticleIt’s time for a code of conduct for newsagency brokers
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...
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Promote your newsagency for sale to your customers
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...
View ArticleHow new owners trashed a retail business in two months and look set to lose...
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...
View ArticleWhy a newsagency is a good business to buy #1
This week I am going to publish a different reason each day on why a newsagency is a good business to buy – in no particular order. #1 – A newsagency is a good business to buy because of the community...
View ArticleWhy a newsagency is a good business to buy #2
This week I am going to publish a different reason each day on why a newsagency is a good business to buy – in no particular order. #2: there are processes to guide you Newsagencies are structured...
View ArticleWhy a newsagency is a good business to buy #3
This week I am going to publish a different reason each day on why a newsagency is a good business to buy – in no particular order. #3: you’re part of something bigger Even though newsagencies are...
View ArticleBeware the add backs if you are buying a newsagency
I was looking through a profile for a newsagency for sale in Victoria recently and was surprised at the number of add-backs to get to an Adjusted net profit. In this instance, I’d consider this figure...
View ArticleGreat growth story from a regional newsagency
I have been fortunate to see sales data for a regional newsagency run by the same owners for more than fifteen years. In the twelve months to the end of May 2015, this business increased revenue by 13%...
View ArticleA checklist when looking at buying a newsagency
One of the most common questions I get privately from people who find me through this blog is what should I ask for when looking at buying a newsagency? The question itself, when asked, indicates how...
View ArticleDo I think a newsagency is a good business to buy?
Further to my post yesterday, the question do you think a newsagency is a good business to buy? is one I am also asked regularly. Any newsagency is a good business to buy to the right purchaser, the...
View ArticleWhy I said don’t buy that newsagency
Twice in the last month I have suggested to individuals who have contacted my for my opinion that they not proceed with the purchase of the newsagency business they were considering purchasing. In each...
View ArticleGovernments need to address business price quoting just as they are...
Under quoting by real estate agents is an issue that gets plenty of medial and politician attention, especially in Victoria and New South wales where auctions appear to be more popular. In Victoria...
View ArticleNew newsagency location opportunities in regional NSW
I am aware of two greenfield (new location) newsagency opportunities in case anyone is looking to establish a new business related to our channel. Email me mark@towersystems.com.au
View ArticleUpdated checklist to consider when buying a newsagency
A common question I am asked privately from people who find me through this blog is what should I ask for when looking at buying a newsagency? The question itself, when asked, indicates how green a...
View ArticleWhy some bank manager’s don’t understand the value of a newsagency business
The views of bank managers are given too much attention in my view. However, sadly, they are the gatekeepers to business funding. So, they are listened too. A bank manager recently said to someone why...
View ArticleNewsagencies are good businesses to buy right now, popular, too
Newsagency businesses are selling quickly in today’s business market. They are popular in part because they had a good Covid, in part because of the relative certainty of revenue and in part because...
View ArticleDeleting your business data prior to selling your retail may not be a wise move
A former newsagent got into some legal hot water about the performance of the business as represented through the sales process. It was when the purchaser discovered historic business data had been...
View Article10 things you could do in your newsagency business to make it more valuable...
Here are 10 things newsagents could do in their businesses to make them more valuable when it comes time to sell. based on my years of experience working with newsagents and, yes, owning newsagency...
View ArticleUpdated checklist for anyone considering buying a newsagency
There has been a surge of interest in buying a newsagency in 2021. Retail businesses in our channel are appealing, and, looking out in the market, there are some excellent opportunities. A common...
View ArticleWe bought a newsagency
Last week we bought a newsagency on Glenferrie Road Malvern in Victoria. It had been in the same family for almost 40 years and had stayed true to the traditions of years ago. We will take the same...
View ArticleUpdated advice for new newsagents, those who have bought a newsagency
This is not a complete list. Also, it’s my list. Others will have their list. Before you get to the list, consider consider the type of newsagency do you want to run: retail or agency. In my opinion,...
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Newsagency for sale, Mount Morgan, Queensland – tree change opportunity
Wattle Bee Next in Mount Morgan is for urgent sale for health reasons. The sale profile has all the details. What’s interesting about the business is that it is transformed, it is not your typical...
View ArticleIf you are considering buying a newsagency
Plenty of newsagency businesses are changing hands. I think that is in part because the channel had a good Covid. Retail businesses in our industry are looking sweet, and there’s some cracking...
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