Newsagency businesses are selling quickly in today’s business market. They are popular in part because they had a good Covid, in part because of the relative certainty of revenue and in part because of the opportunities of change.
Newsagencies are seen as being a safe investment, because of the multiple options and opportunities for driving value from the investment.
I’ve seen businesses sell within a few days of going on the market – city and country.
This is great news for those in our channel keen to sell their businesses. It is also great news for people looking to invest in our channel.
We are in the midst of a kind of renewal in the channel. New capital, fresh energy, fresh ideas. This is all good for the channel.
What we are also seeing is more change in the channel, less cohesion as to what a newsagency is, and that’s okay.
There’s the core of papers, magazines, cards, and lotteries for most but not all. Outside the core we are seeing more engagement in more recent categories like homewares, niche gifts – not the usual low cost imported gifts but higher price point, locally made and less likely to be in mass retail.
So, it’s good news for newsagents selling their businesses and good news for people joining our channel by buying a newsagency business.
Like any business investment, you get out of it what you put in outside of the money itself, the strategies, energy, mood and embrace of change. It’s terrific seeing some of the fresh ideas coming with new business owners.
Yes, now is a good time to buy a newsagency business. There are good businesses for sale and plenty of opportunities for leveraging growth through them, and therefore a good return on your investment.
Now, before people get in a lather and say the old newsagency is dying, I agree. That purely old newsagency model that relies on legacy products is significantly challenged. But, plenty of older style newsagencies are doing well. These businesses present opportunities to evolve into new traffic and revenue models.
I have written the above because of some who comment here who have sold or closed their newsagency businesses and talk down the channel of which they are neo longer part.
“There’s the core of papers, magazines, cards, and lotteries for most but not all. Outside the core we are seeing more engagement in more recent categories like homewares, niche gifts – not the usual low cost imported gifts but higher price point, locally made and less likely to be in mass retail”.
A really good point -says it all-no point in talking down what society is evovling into-embrace it -move with and if possible advance it.
i’ve seen gifts sale grow from $120k p.a. to $320k within one year. Even newsapers grew in sales Mags stagnated as did stationery Books flew as did Toys and other recreational items These figuers come from two newsagencies -unrelated one in the Metro area and the other Country.
enquireis to purchase have been the best in nearly 10 years.
Don’t give up and don’t close there is help out there if you need it. Money has never been so cheap as well as available.