As a general principle, ACP Magazines believes that the newsagency industry will be best served through its operators electing to increase their degree of specialisation.

Accordingly, wherever possible, we will support newsagents who wish to sell or amalgamate with other newsagents the distribution aspects of their businesses in order to focus on retail. Equally, ACP Magazines will support newsagents who wish to sell their retail outlet to progress their distribution business.

Clearly, ACP Magazines also seeks, whenever possible, not to increase its administrative overhead. Consequently, where a transaction involves an additional direct account, approval of that transaction will be dependant on both accounts meeting (or continuing to meet) a minimum expected turnover level which ensures the recovery of ACP Magazines' cost for managing and distributing to those accounts. This amount is currently $24,000 retail (Inc GST) turnover of ACP Magazines per annum.

With regard to the procedure to facilitate such transactions, a newsagent should seek ACP Magazines' approval to sell part of a newsagency business by providing all details of the sale in writing at least 4 weeks prior to settlement.

In order for ACP Magazines to make its assessment, at the time of notification, the vendor will need to provide a break down of sales for both the proposed components of the business. The purchaser will be required to complete an Application for commercial credit, and provide a bond to the value of four weeks trade of NDC distributed product. Documentation from both parties must be received no later than 14 days prior to settlement.

Where ACP Magazines is unable to approve the transfer, the vendor newsagent will be required to continue to service the existing territory as per the ACP Magazines Newsagency Agreement.

Please email us at connections@acpmagazines.com.au to notify ACP Magazines of a partial sale of your newsagency