diff --git a/README.markdown b/README.markdown
index e4f2003..fa4e8b2 100644
--- a/README.markdown
+++ b/README.markdown
@@ -190,6 +190,9 @@ This is how it looks on my VM:
 
 ## Changelog
 
+### v0.3.1
+* Cache downloaded archive files for faster creation of a new shop (directory configurable via MAGE_DOWNLOAD_DIR)
+
 ### v0.3
 * Added command line parameters for automatic installation
 
diff --git a/config.conf.sample b/config.conf.sample
index f5040d1..e6c6082 100644
--- a/config.conf.sample
+++ b/config.conf.sample
@@ -1,3 +1,4 @@
+MAGE_DOWNLOAD_DIR="/tmp/MageSpawner/"      # Directory in which downloaded Magento files can be stored
 MAGE_DOMAIN="magentoshops.vm"              # The shops will be created under this subdomain
 MAGE_DEFAULT_NAME="shop"                   # Preset for the shop name. The shop name is used
                                            # as part of the domain, directory and database name.
diff --git a/install b/install
index b4932b8..14b48e8 100755
--- a/install
+++ b/install
@@ -20,7 +20,7 @@
 # - The following commands must be locatable in your $PATH
 #   basename command mysql php sed tar wget (or curl)
 
-version="0.3"
+version="0.3.1"
 usage="\
 MageSpawner (v$version)
 
@@ -136,6 +136,24 @@ init_spawner ()
     return 0
 }
 
+###########################
+## Get Magento archive file
+
+get_magento_archive_file ()
+{
+    if [[ ! -f $MAGE_DOWNLOAD_PATH ]]; then
+      mkdir -p ${MAGE_DOWNLOAD_DIR}
+      echo -e "Downloading Magento package..."
+      if [[ $WGET != "" ]]; then
+        wget -O $MAGE_DOWNLOAD_PATH $MAGE_DOWNLOAD_URL
+      elif [[ $CURL != "" ]]; then
+        curl $MAGE_DOWNLOAD_URL -o $MAGE_DOWNLOAD_PATH
+      fi
+      echo -e "Package downloaded.\n"
+    fi
+    return 0;
+}
+
 ###########################
 ## Get Magento download URL
 
@@ -332,25 +350,17 @@ MAGE_SECURE_URL="http://${MAGE_SHOPDOMAIN}"
 MAGE_DOWNLOAD_FILENAME=$(basename $MAGE_DOWNLOAD_URL)
 DB_NAME="${DB_NAMEPREFIX}${MAGE_NAME}"
 DB_SQL="CREATE DATABASE IF NOT EXISTS ${DB_NAME} CHARACTER SET utf8 COLLATE utf8_general_ci;"
+MAGE_DOWNLOAD_PATH="${MAGE_DOWNLOAD_DIR}${MAGE_DOWNLOAD_FILENAME}"
 
 echo -e "Thanks, the required information was provided. The installation will now begin.\n"
 
 cd $MAGE_BASE_DIR
 
-echo -e "Downloading Magento package..."
-
-if [[ $WGET != "" ]]; then
-  wget $MAGE_DOWNLOAD_URL
-elif [[ $CURL != "" ]]; then
-  curl -O $MAGE_DOWNLOAD_URL
-fi
-
-echo -e "Package downloaded.\n"
+get_magento_archive_file
 
 echo "Unpacking package and setting permissions."
-tar -zxf $MAGE_DOWNLOAD_FILENAME 
+tar -zxf $MAGE_DOWNLOAD_PATH 
 mv magento/ "$MAGE_SHOPDOMAIN"/
-rm -f $MAGE_DOWNLOAD_FILENAME
 cd "$MAGE_SHOPDOMAIN"/
 $CMDCHMOD $LINUX_PERM_WRITABLE_FOLDERS . app/etc var/ media/
 echo -e "Package unpacked and permssions set.\n"