Buying a Newsagency can be an opportunity to increase your capital wealth over time. Newsagencies, run well, are good businesses to own and operate. They respond well to hard work and good management.
It is important to remember that when buying a Newsagency it is not always a license to print money. Your chances of success will be better if you do some research into the industry first to get a feel for the problems you might encounter as a business owner.
The business has more chance of success the more it matches your interests and business strengths.
To be a successful Newsagent, you must be 100% committed. Anything less and you will significantly reduce your chances of success. You have to ask yourself is a Newsagency the best solution and will be suitable for me and my lifestyle.
Consider your own level of knowledge and interest along with having the skills, experience, time, resources, vision and commitment to make the Newsagency a success.
This is where newsXpress can help. Our team of Business development Managers work with newsXpress members, in store, to build stronger, more efficient and more profitable newsagencies. This is the newsXpress difference.
Newsagencies can be very demanding with long hours. While it may provide independence and the opportunity to earn more money, you must also consider that it can place a lot of pressure on you personally, family, friends. It can affect your relationships and lifestyle. You will also have to be in good physical condition especially if you are purchasing one with a paper run and you plan to do the deliveries yourself.
newsXpress can help with back office processes, front of store processes and marketing to help attract new customers.
Before you start looking at a newsagency to buy, consider whether you are ready for this decision yourself. Are you up for the hard work? Are you physically able? Do you have the financial and emotional capacity? Do you enjoy retail? Are you motivated to make a real difference in a business? Do you know the type of Newsagency you are looking for?
To find out more about how newsXpress can help you in buying a newsagency, please contact Ben Kay, newsXpress General Manager, on 0419 678 754.
