I am often asked if a newsagency is a good type of business to buy.
Any newsagency is a good business to buy to the right purchaser, the person most suited for that business.
The answer really does come back to the purchaser because they may have skills ideal for a specific business. Equally, they may lack skills essential to a particular business – making them not the right purchaser.
Its also depends on the specific situation of the businesses and the opportunities for it.
The question demands a thoughtful answer and the answer will depend on who is asking, their skills, their resources, their experience, their fitness, their desire and their hopes and plans for the future.
While the business they are asking about is important, I see the answer as relying more on the person themselves. This is why I say any newsagency can be a good business to buy and often is.
I have a lot of confidence in the channel even though what the channel stood for in the past is changing rapidly, faster than ever before, to the extent that the channel is not the channel. But all of that is good in my view for I love change and the opportunities in change.
So what if we are not called newsagents. Our roots are our roots. What we are called tomorrow is of little matter.
There are plenty of good newsagency businesses for sale today with good financials and good upside prospects.