This week I am going to publish a different reason each day on why a newsagency is a good business to buy – in no particular order.
#2: there are processes to guide you
Newsagencies are structured businesses at their core. Lotteries, cards, magazines and newspapers have considerably structure around them. You can learn from suppliers so you operate within the required structure.
Stationery is less structured but there is structured support if you seek it.
Gifts and other more general retail items, which not structured, are supported through suppliers who can guide and advice.
If you want help, it’s there.
If you are new to retail, there are plenty of sources of assistance and advice if you seek it out.
Buying a newsagency you are buying into a business for which there is as much support as you seek.
If you are someone who likes to complain you will have plenty to complain about in terms of structure, training and support – but that would be a choice you make. However, such complaints are not justified in my view given what is available for you out there.
For an independent small business channel, newsagencies offer more structure than most This is good news for buyers!
Newsagencies are good businesses to buy. We newsagents need to do more to demonstrate that this is the case. It starts with us making our businesses more appealing and is assisted by stories we tell about being a newsagent.