We have decided to put a price on the Forest Hill business. After a few months of it being listed we have found that people are reluctant to look at the numbers and make an offer. They prefer a price as a starting point. This says something about how newsagencies are purchased. It also says something about tradition I guess.
I am considering the acquisition of a software company (not in the newsagency space) and in my research I found that many software companies for sale were not listed with a sale price. Prospective purchasers are expected to review the numbers and make an offer. This is the approach I expetced to follow for the newsagency, to let the market find its level