Buying FAQ

If your question is not answered here, please contact us by filling in this web form. Alternatively, you can contact the experts - see our list of associated brokers here.

Frequently Asked Questions when buying a newsagency

What are the requirements for buying a newsagency?
Where can I find industry specialist finance brokers?
Are there any courses I need to complete?
How much deposit will I need?
How can I get more information about the industry?

Our Answers...

Q: What are the requirements for buying a newsagency?
A: Money! You will need to get an indication of what your price range is by talking to an industry specialist finance broker, who will take into consideration the establishment costs specific to the newsagency industry which will add onto the purchase price. A quick, no obligation phone call will head you in the right direction. See finance brokers (next question) for more information. It is also imperative to have an industry specialist accountant do the due diligence. Some banks will require a specialist regardless. The investigation is not a normal accounting exercise - think of it more as forensic accounting - which is why a specialist is required.

Q: Where can I find industry specialist finance brokers?
A: Some of the finance brokers available include:

City Pacific Finance
Ph: 07 3391 3933
Fax: 07 3391 4402
Website: www.citypacfinance.com.au

Newsagency Finance

Ph: 02 9736 1166
Fax: 02 9736 1167
Website: www.newsagencyfinance.com

Q: Are there any courses I need to complete?
A: Compulsory courses include:

Retail Training
National	ANF: National Industry Accredited Training Course	more info
Application to Publishers and Distributors of Newspapers and Magazines
National	News Ltd Fairfax ACP NDD Distribution Gordon & Gotch Rural Press (NSW Only) Application + possible interview	contact contact contact contact contact contact
Lotteries
NSW ACT	NSW Lotteries: 4-Day Lotteries Management Course	more info
QLD	Golden Casket: Unknown	more info
VIC ACT NT TAS	Tattersall's: 3-Week Induction Training Program	more info
SA	SA Lotteries: Unknown	more info
WA	Lotterywest: 4-Day Retail Management Program	more info
Post Office (if applicable)
National	Australia Post: Full Training and Support	more info

NB: Outgoing newsagents are under contract to the publisher/distributor to provide a minimum of 3 weeks training in the newsagency. The most common method is for 2 weeks of training before possession and 1 week after possession.

Q: How much deposit will I need?
A: You will need 10% of goodwill and Fixtures and Fittings, paid only on exchange of contracts. The balance is paid on possession. For more information on goodwill, you can contact Australian Newsagency Sales (ANS) on 02 8425 9600.

Q: How can I get more information about the industry?
A: You can attend one of the free ANS one-day seminars or read some of their newsletters online at www.newsales.com.au. If you would like to get some information on the industry including the latest statistics and contacts, you can purchase a copy of the N-View Newsagency Industry Yearbook - click here for more details.

The Australian Newsagency Sales team have provided a 10 Point Buying Plan - a guideline which you may like to download and refer to:

10 Point Buying Plan | Word File
10 Point Buying Plan | PDF File