Sally Jackson, writing in The Australian today, in a story about ANF CEO Rayma Creswell withdrawing her resignation, reports on my study – The Cash Flow Impact of Magazines in Australian Newsagencies. Do a search in the archives of this blog on magazine cash-flow and you’ll find several postings about what the study revealed. By marrying hard evidence of an unfair magazine supply model with robust representation, newsagents can expect to see progress on this problem. The challenge is to get newsagents engaged to provide the evidence they have in their businesses of this problem.
Thanks Mark
We want to buy a mid size newsagency (in Melbourne) mixed with Tattslotto and maybe a post office within the next 6-12 months. Could any real life operators care to comment on the profit figures quoted by business brokers. Most seem to quote an ROI of between 23-28% . Realistic or not.
Your comments would be earnestly appreciated
Derek,
I am not qualified to comment about profit figures. Each business you look at will be different. Research thoroughly. Look at the figures, ask for tax returns or audited figures. Watch for unreasonable add-backs. Newsagencies can be an excellent buy.
Mark