We settled yesterday on the purchase of Quayside Newsagency in Frankston.
My purchase of this business is evidence of my faith in newsagencies and my commitment to serve newsagents as they (we) navigate complex challenges. Yes, I complain about these challenges newsagents face – I still like the channel and am glad to have this opportunity to extend my investment.
Quayside Newsagency is a retail only newsagency is in an excellent location outside Coles in the busy Bayside centre. Currently badged as Newspower, we will replace this with newsXpress branding externally and internally – hopefully prior to Christmas.
The settlement process has taken twice as long as expected but we’re in now and pleased to have an opportunity experience a different demographic and work with a new team of people. Most of all, we are thrilled to have another newsagency location where we can experiment on our mission in search of the newsagency of the future.
Simon Frost has moved from the Tower Systems Help Desk to manage this business. While such a step is a considerable challenge, Simon was keen for the change. I am glad to extend the Tower / newsagency bridge through Simon’s experience.
Having spent time in the business yesterday I have noticed considerable differences between Frankston and Forest Hill and while some differences are demographic, others are not and may well lead to new opportunities for each location being uncovered.