Buying a Newsagent with Hilton Smythe

Why buying a newsagents is a good idea!

Remember when you were young, how exciting it was to walk to the local newsagents and pick up your favourite weekly magazine? Many modern newsagents also sell confectionery, groceries and alcohol to create a steady income stream. Find out why buying a newsagent could be your latest venture.

Read all about it – deliver all the headlines to the community

Many experts have predicted a decline in print media, yet many people still prefer to read the news in print rather than online. Picking up a local or national newspaper is a daily habit for many residents in the community, and there are many incentives to buy newspapers such as vouchers, tokens and exclusive articles.

Many newsagents also offer a newspaper delivery service, with many residents receiving daily or weekly papers to their door. This is a great way to generate long term revenue, with many people including the elderly or immobile relying on paper deliveries for the latest headlines. Studies have shown that the majority of people still like to read their news in print, compared to digital news articles viewed on a PC or mobile device. Print newspapers are read for an average of 40 minutes per day, while online visitors to the web editions often only spend around 30 seconds on the news website.

How to boost revenue

British newsagent and stationery stores are worth around £3bn in revenue annually. However, it can be difficult to make a steady profit by only selling media publications and stationery. Many newsagent stores have expanded into different business areas to boost revenue and encourage more customers through the doors. This includes:

• Collect+ scheme for parcel deliveries
• PayPoint centres to allow people to pay their household bills
• Post Office counters as the number of local Post Offices declines
• Free to use cash machines
• Expanding stock range to become a convenience store

Retail can be a challenging industry – but if you’re up for the challenge, we’re here to make you a business owner! A newsagent in the right area can make a good income, and some properties may include a self-contained rental in the price.

Financing your newsagent

If you’ve decided this career is for you, then nothing should stand in your way – especially access to finance. At Hilton Smythe we provide all of our clients with professional Financial Services to guide you through the complex web of buying a business. Our friendly advisors can explain everything in language you understand and assist you with your commercial finance application.

So what are you waiting for? Browse our current newsagents for sale and you could find your next exciting venture. Contact us if you need help finding your dream business.