About SupanewsSupanews is Australia's leading Newsagency retailer and Australia's first and currently the only franchise business model for the newsagency industry. As such, Supanews offers franchisees the advantage of a quick start up business in this unique industry.
Supanews is widely regarded as Australia’s “best in class” newsagency retailer. Supanews currently has stores in Queensland, New South Wales, ACT (Australian Capital Territory) and Victoria and operates corporate and franchised businesses. Supanews expects to open its 60th store by early 2009. Supanews is currently looking for new sites across Australia. The company’s objective is to grow the business to 100 stores within the next three years.
Key points of the new 2008 Supanews Growth Plan include;
1. No Initial Franchise Fee - Supanews has temporarily waived the initial franchise fee of $50,00 for all new franchisees.
2. Assured Profit - Supanews selects quality newsagencies and conducts complete due diligence, ensuring the profit.
3. Don't pay too much - Supanews negotiates the purchase paying a commercial multiple of the verified profit.
4. Free shopfit - Supanews takes over the store and at its own cost will partially shopfits and implements its systems, spending between $100,000 and $250,000. (On average $170,000 per store is spent)
5. Value for Money - Supanews franchises the newsagency to the successful candidate on the same multiple they initially paid for the store.
6. Ongoing support - Supanews provides full business support which includes dedicated operational field support, centralised accounts, marketing, systems and buying power.
7. Inordinate growth potential - The historical figures, the business is sold on, will not take into consideration potential growth in turnover and profit the business may sustain by bringing it up to the Supanews' standards or for the implementation of new Supanews product lines.
8. Monthly Rebates - As part of our group purchase power we have been able to negotiate additional cash rebates for our franchisee from some of our key suppliers. Why would you run the risk of investing in an independent newsagency when you can have the security of a newly fitted-out Supanews for less and become part of a 300 store group".
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