Category: buying a newsagency

Buying a newsagency?

Newsagency Sales (Qld) Pty Ltd is holding a free Newsagency Buyers Seminar Wednesday 7th October in Brisbane. Go to www.nsq.com.au for information and Bookings.

Newsagency Sales holds these seminars on the first Wednesday of every month.  They provide prospective buyers with an overview of the newsagency industry. These seminars are free of charge and provide essential information to prospective newsagents. We would strongly urge anyone considering entering the industry to attend one of these seminars. Information covered includes:

  • Industry contracts
  • Buyer considerations
  • Financing your purchase
  • Purchase due diligence
  • Training/Takeover

While not affiliated with newsXpress, we are happy to recommend this seminar as a valuable opportunity for prospective purchasers.

Three new greenfield locations

newsXpress is pleased to be working with landlords on three new greenfield locations.  All three are expected to be open before Christmas.  Two locations will be owned by newsXpress members and one will be corporately owned.

In each case, newsXpress was approached by the landlord to bring our brand and all we stand for to the centre.

Having a brand which landlords want gives us an opportunity on a range of fronts including negotiating costs going into a new location and other terms around the establishment of the new business.

How we achieved these three new locations is another example off the newsXpress difference in play.

Anyone looking to buy a newsagency should talk with newsXpress as we receive opportunities like these three often.

Building a better newsagency

conf_front_page.jpgBuilding a better newsagency is the subject of an important forum at the National Newsagent Conference being hosted by  newsXpress in Melbourne next month.  In this forum, industry experts will present practical ideas which newsagents can take away to immediately build a healthier and more viable newsagency.  The session will build on content from an excellent range of speakers at the two-day conference.  It will be particuylarly useful to new newsagents and those considering buying a newsagency.

newsXpress is proud to be bringing this conference to all newsagents in Australia.  Click here for a copy of the registration form.

Newsagency opportunity in Melbourne

newsXpress has been approached by a landlord with a new location opportunity is a high-traffic regional centre within fifteen minutes of Melbourne.  Anyone interested in buying a newsagency should contact newsXpress to enquire about this opportunity.  In the first instance, please contact newsXpress Directors Mark Fletcher on 0418 321 338 or Graham randall on 0419 711 153.

Helping with buying a newsagency

newsXpress is helping several newsagency channel newcomers with buying a newsagency. Our help is in the form of providing background information on newsagencies, what to look for in buying a newsagency, key supplier contacts and access to resources to make taking over the business easier.

Thanks to a broad range of skills within our newsXpress team ranging from advice on shop leases, business management, structure and buying, we are able to help prospective newsagents make decisions which can save time and money on their entry to this channel.

Buying a newsagency for someone new to the business can be daunting.  The help from newsXpress can make that easier.  The best contact within newsXpress is you are looking to buy a newsagency is one of our Directors, Graham Randall (0419 711 153) or Mark Fletcher (0418 321 338).

The help we provide shows the newsXpress difference at work. It shows the value of a full service newsagency marketing and management support group – over a buying group.

Opportunity to start a newsagency

newsXpress has been presented with three opportunities to create new newsagency businesses.  Two in Sydney and one in Melbourne.  The new Melbourne,location we blogged about two weeks ago has been picked up.  We now have another – in an outer eastern centre where you would be alongside Dan Murphy, Aldi and Chemmart.  The two Sydney locations are equally compelling and present excellent opportunities to anyone wanting to start a newsagency and connect with newsXpress, the marketing group committed to helping newsagents grow their businesses.

In each case, the landlord has approached newsXpress with the opportunity to create these businesses.  We extended the offer to our members earlier this week and not make it more public for expressions of interest.

Seminar on buying a newsagency

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 who is considering buying a newsagency to find out more about the newsagency business and the process of evaluation and purchase.

While not affiliated with newsXpress, we are happy to recommend this seminar as a valuable opportunity for prospective purchasers.

Newsagency for sale opportunities

A newsagency for sale is an opportunity to bring new skills and energy into the newsagency channel.  Often, new newsagents make quick decisions which do not serve their needs or the needs of the newsagency for the long term.  This is why newsXpress offers help for people looking to buy a newsagency.  Rather than rushing to get a contract signed, we prefer to help those looking for a newsagency for sale to understand the opportunity and consider what is right for their needs.

Buying a newsagency and joining the right newsagency marketing or franchise group are long term decisions which need time to get right.  We are happy to provide as much time and assistance as necessary to show why newsXpress is the premier newsagency brand in Australia.

We have brokers we trust, tenancy advocacy services, retail designers who understand the needs of the newsagency of the future and suppliers who deliver excellent margin opportunities for growing the business today.  These are all factors in building healthier newsagencies from the core out – for the long term.

There is a considerable difference between newsagency brands in terms of costs, contract terms, business rewards and personal rewards.  Looking at a newsagency for sale is more than looking at what may appear easy or looking for a quick decision.  newsXpress welcomes and, indeed, encourages comparison.

Advice on buying a newsagency

Buying a newsagency can be a daunting, especially if it is your first newsagency.  newsXpress offers to act as a sounding board for anyone considering buying a newsagency.  What we provide is a sounding board – more so than formal advice.  In our team we have former newsagents and newsagent suppliers with years of experience in leasing, stationery, newspapwers, magazines, gifts and other areas of interest to those buying a newsagency. newsXpress is happy to help by making its resources available.

newsXpress is a newsagency marketing group with member newsagents in each state.  We are a full service group going beyond providing great product deals and providing assistance deep into the newsagency to help get processes right  so that a healthier bottom line is sustained for the long term.  This is how profitable newsagencies are made.

Newsagencies for sale

If you are looking to buy a newsagency then newsXpress may be able to connect you with an opportunity.  We are regularly approached by landlords and other parties from time to time with opportunities for new newsagency locations.  We are also aware of newsagency businesses for sale which may suit a newsXpress operation.  If you are looking to buy a newsagency, contact newsXpress and we can share details of opportunities with you.

More than the deals

12th-march-002.jpgWhile newsXpress negotiates exclusive deals on products for its members, it is at the back end of the business that we deliver tremendous benefit for our members. Deals will not sell unless you pull new people in with professional marketing. Deals will not sell unless you present them professionally. Deals will not sell unless you provide training and product knowledge for staff which helps them leverage them.

Troy and the team at newsXpress Wagga Wagga understand this and embrace all that newsXpress offers – right down to our branded sale table cover as shown in the photo from their store this week.

By promoting the brand of the store along with a hot deal around art, newsXpress Wagga Wagga is pitching true value of customers walking past their newsagency. Pitching the brand even in this subtle way is important because now, more than ever before, the difference in newsagencies is obvious.

From table cloths, to uniforms, to name badges to shop signage, newsXpress offers a branding solution to enable members to be proud of their newsXpress membership and to let customers know where they can experience the newsXpress difference.

The right marketing group for your newsagency

Our How to choose a marketing group for your newsagency paper has been updated.  We have received excellent feedback from the first version off this document and this has encouraged us to develop this new version.  The opening paragraphs position the purpose of the document:

Supanews, Nextra, The Lucky Charm, Newspower and newsXpress are the five marketing and or buying groups for newsagents in Australia at the time of writing this report. Each of these groups is different, even more so that they themselves might have you believe.

The differences between newsagency marketing groups are not as evident as they could be, making the choice challenging for newsagents contemplating joining a marketing group.

Too often, newsagents find out why a marketing group is not for them once they have signed an agreement and are locked in for years without any way out.

Help when a newsagency is for sale

When a newsXpress newsagency is for sale, membership of our newsagency marketing group helps in a variety of valuable ways.

The existing newsXpress member has access to our advice in relation to preparing the business for sale – making sure the records are up to date and that the business itself is presented well.  This can help a newcomer to the newsagency channel to better understand the value of offer.

The prospective purchaser has access to the newsXpress team to get a feel for how we help newcomers to the newsagency channel settle into the business should they proceed with a purchase.  We outline our training and support services which provide access to knowledge which would otherwise take years to develop.

These services and others we provide to newsagency sellers and buyers are unique to newsXpress.  They are provided without additional cost.  They make a newsXpress newsagency more valuable through the sales process and a more appealing business to people who have never owned a newsagency before.

The newsagency channel can be a great channel to join.  Good partnerships are vital to finding that enjoyment.