Category: newsagency marketing

Buying a newsagency can be a good move. They are solid businesses with plenty of opportunity. From the traditional to the innovative, the local Aussie retail newsagency is a good business to own, one in which new retailers and experienced retailers can thrive.

newsXpress helps local Aussie retail newsagents make the most from their businesses.

There has been a surge of interest in buying a newsagency in the last couple of years. It makes sense. newsagencies are good businesses to own. Hard work, for sure, but good solid businesses that can improve in value.

Retail businesses in our channel are appealing, and, looking out in the market, there are some excellent opportunities.

A common question we are asked by people who find me through is what should I ask for when looking at buying a newsagency?

The question itself, when asked, indicates how green a prospective purchaser is when it comes to purchasing a business. Our first advice is that they better understand the newsagency business of today, to understand what they could be buying into.

There are newsagencies for sale today that are ready to run, and that are easy to run. There are others that need some love and attention. Either could be right for you, depending on your circumstances and what you are looking for.

This is why it is important to you are sure about what it is you are looking for from a retail newsagency you buy. Yes, it starts with what you want.

Here is an updated list of data we suggest prospective newsagency business purchasers access from the vendor or their representative:

P&L from the accountant for the last two years. i.e. not a spreadsheet created for the purpose.

A list of add-backs used to achieve a profit figure on which the asking price is based.

Tax returns for the same two years. While note always appropriate given business structures, they can provide a cross check with the accountant P&L.

Sales data reports, for the last two years, from the POS software in use – to verify the income claim. This source data is key.

Sales data reports from the lottery terminal to verify the income claim.

BAS forms to confirm data in the P&L.

A list of all inventory in the business including the purchase price and date last sold for each item. And, copies of invoices from which you can randomly select to verify.

A copy of the shop lease.

A copy of any leases the vendor expects you to take on board.

A list of all forward orders placed on behalf of the business.

A list of all employees: name, hourly rate, nature of employment, start date, accrued leave and accrued long service leave.

This is good basic information, a starting point, which will enable any purchaser to undertake reasonable assessment of a business.

Our advice to newsagents looking to sell who may be concerned about this list is: think about it now and focus on your business so the data we have listed looks good. The time to prepare your newsagency for sale is every day you are in the business.

This is why we say every day is your pay day. Run a smart, lean and profit focused business and you will have a good pay day today and a good one when you come to sell.

The most appealing businesses are those that are easier to run and are making money.

Sure a purchaser can turn a business around. They should get the rewards if they are expected to do that for your business.

The price you can sell your business for will be based on what it is making now.

But back to those considering buying a newsagency:

Know what you want.

Know what you are capable of.

Know what you could achieve in a retail newsagency.

Buy based on opportunity.

Own the decisions yourself. It would be a mistake to buy a business Ess solely based on what someone else tells you you can do if they themselves are not going to be there to help you achieve those things. It’s why we say you need to own the decisions yourself in terms off what you can do.

newsXpress supports local retail newsagents. We do offer advice and practical help. we nurture, encourage and train. We provide a toolkit and commercial opportunities.

newsXpress can be the sounding board, the support network, the well of assistance. But, ultimately, your local retail newsagency is yours to run how you choose.

newsXpress can be a good support for anyone buying their first newsagency business. We can help you achieve.

Shopping local has a big impact on the local community. Here are four reasons why shopping local matters:

1. It supports the local economy.

When you shop at a locally owned business, more of your money stays in the local economy. This is especially important in small towns and rural areas, where every dollar counts.

2. It creates jobs.

Local businesses are often the biggest employers in their community. By shopping local, you’re supporting the businesses that provide jobs for your friends and neighbors.

3. It helps the environment.

Local businesses tend to use less energy and resources than big box stores. They also generate less waste. And since they’re often located in downtown areas, shopping local can also reduce your carbon footprint by cutting down on transportation emissions.

4. It builds community.

Local businesses are usually owned by people who live in the community. They’re more likely to give back to local causes and sponsor community events. When you shop local, you’re investing in the community that you call home.

Where you shop is a choice you can make, and 100% it is your to make. But if you are in a community group that needs support, the more local businesses you support the more they are able to support local community groups.

Additionally, many local business donate a certain amount of their proceeds to local charities or they fundraising for local groups and often sponsor local community events. So, not only are you supporting the local economy, but also causes that may be important to you.

When people shop at large corporations, very little of that money actually stays in the community. In fact, most of it goes to shareholders who live in other parts of the country or even in other parts of the world. Corporations have a primary responsibility of driving shareholder value.

But when you shop local, the vast majority of the money you spend stays right here in town, benefiting everyone who lives and works here.

Plus, local businesses are more likely to hire people from the community, so you’re also supporting your friends and neighbors.

So the next time you need to buy something, think about shopping local first. It’s good for the community, and it’s good for you, too.

So, the next time you need a birthday card, some stationery, pens, pencils, magazines or even wonderful gifts, shop your local retail newsagency and see the difference in and value from supporting local retail businesses.

newsXpress helps local retailers, local retail newsagency businesses to transform into more valuably current retail experiences, offering more products people want today and doing this in a way that respects the local community.

In your local newsXpress retail; business you are bound to find plenty of Aussie made products, which help support local Aussie jobs.