Listing ID: 74096
This well known broadcasting business has been around for 4 decade and does AM and FM stations with talk shows, sports, news, live events and music. They have all the up to date technology in place, such as digital feed, online and mobile streaming capabilities. This is a turn-key business with everything in place to run it. This business has many long time customers with a lot of room to grow.
Business has been around over 40 years
- Asking Price: $150,000
- Cash Flow: $83,081
- Gross Revenue: $166,562
- EBITDA: N/A
- FF&E: $104,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1978
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The business was started in 1978, making the business 44 years old.
The company has 4 employees and resides in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. Nevertheless, the true reason and the one they tell you might be 2 completely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in incomes, or a range of other reasons. This is why it is extremely essential that you not rely completely on a seller's word, however rather, use the seller's response in conjunction with your general due diligence. This will paint an extra realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover items like inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that profit margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be met or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract new consumers? Most times, businesses have repeat clients, which create the core of their day-to-day revenues. Specific variables such as new competitors growing up around the area, roadway construction, and personnel turnover can impact repeat consumers and negatively impact future earnings. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the better the possibility to build a returning consumer base. A last thought is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the regional typical home income effect future income potential?