Buying a Newsagency For Sale in Australia
In Australia, there are 5,000 individually owned and operated newsagencies. Together they make up Australia's largest retail and home delivery group turning over $6.5 billion a year and employing more than 20,000 people. If you are looking to buy a Newsagency for Sale there are a number on sale.
In Australia, most newsagency businesses sell newspapers, magazines, cards, lotto tickets, small gifts, chocolates and lollies. It can be difficult to set up a newsagency business due to the regulations for selling lotto tickets, obtaining rights to sell newspapers and magazines, so most business owners tend to buy an already established newsagency business for sale. Buying an established Newsagency may have other benefits, such as an already obtained market share, loyal base of clients and a good reputation. In most small towns, everyone knows where the local newsagency is, mainly because of the Lotto services it provides. So buying an established Newsagency tends to be the best option. In Australia, there are stand alone newsagency's as well as franchised outlets such as Supanews.
What to look for when buying a Newsagency For Sale:
When buying a newsagency for sale, you need to take your time. They can be a rather costly businesses for an individual / couple to purchase so reviewing all the financials, competition and growth potential are very important when it comes to newsagencies.
Have you ever owned a Newsagency Business? Do you have any advice for someone looking to buy a Newsagency?