Listing ID: 71423
AN OPPORTUNITY TO BUY THE COMPANY WHO NOW OWNS ABOUT 60% OF THE SPACE AND GROWING!! THEIR MAIN COMPETITOR SOLD IN 2015 FOR $10 MILLION.
This company has already facilitated major collaborations between McDonald’s and BTS.
Countless media companies are focusing on K-Pop but very few are seeing the SENSATIONAL growth and momentum of this one. STRATEGICALLY POSITIONED TO BE THE TMZ OF K-POP. The business comes with multiple properties, one of which is ALREADY the go-to platform for all cutting edge K-POP news, views, content and gossip with 50 MILLION monthly users!!
This is an opportunity to own purchase this online Media Company providing content and entertainment around pop culture and current events in a niche market. Expanding news and information about the latest trends and technologies to our audience.
One of the primary properties – a celebrity News site covering entertainment news – like TMZ / Reddit of K-pop with content creators, reporters, user-interaction interface where users can update news as well.
Seller is asking $20 million based on comp acquisition activity and near-term projected growth under the right ownership.
- Asking Price: $20,000,000
- Cash Flow: $330,000
- Gross Revenue: $1,200,000
- EBITDA: N/A
- FF&E: $180,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Current owner willing to stay on and support new owner for as long as necessary. Open to possibly staying on depending on terms. New owner should possess an understanding of publishing business and news and media, esp. social media.
Other large opportunities owner needs to focus on full-time.
First in the space – breaking news, brand recognition. Community aspect which is creating stickiness and users coming back to their engaged audience. (Like Facebook, people didn’t leave to go to Google sites because they were happy with where their friends already are located.) Direct artist to fan interaction on website. MTV and Billboard tried to compete but not successful.
NFT – blockchain of selling K-pop digital assets. Huge opportunity to partner with artist in K-pop space for this working arrangement.
The business was established in 2007, making the business 15 years old.
The company has 6-10 employees and is situated in a building with estimated square footage of 1 sq ft.
The building is leased by the business for $5,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. Nevertheless, the true factor and the one they tell you may be 2 totally different things. As an example, they may state "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competition, current decrease in revenues, or an array of various other reasons. This is why it is very essential that you not count totally on a vendor's word, yet rather, make use of the seller's answer combined with your general due diligence. This will repaint a much more realistic picture of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that revenue margins are too tight. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new consumers? Most times, operating businesses have repeat customers, which develop the core of their daily profits. Certain elements such as brand-new competitors growing up around the location, road building, and personnel turnover can impact repeat clients and also adversely influence future revenues. One important thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the higher the chance to develop a returning client base. A last idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Just how might the local typical family earnings influence future earnings potential?