Listing ID: 82934
Weekly newspaper for sale in fast growing St. Charles county Missouri. Publication services all of St. Charles county as well as portions of Lincoln and Warren counties. Also serves a large portion of north Saint Louis county. The company offers four publications, each covering a unique market segment in the area. The company’s primary publication was first released in 1921. Owner is willing to accept a reduced price in exchange for an employment agreement. For additional information, please contact listing agent Bruce Thompson at 314-614-6930.
- Asking Price: $235,000
- Cash Flow: $85,832
- Gross Revenue: $310,000
- EBITDA: N/A
- FF&E: $26,273
- Inventory: N/A
- Inventory Included: N/A
- Established: 1918
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:17
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1,200 square feet with a Total Rent of $1,000. Lease ends 07/2022. Seller is active in the business with 11 FT employees, 2 PT employees and 4 Independent Contractors. Hours of operation are 10 AM to 3 PM, Mon-Fri. $26,273 in FF&E included in Asking Price. 4,778 made in Leasehold Improvements.
The business was founded in 1918, making the business 104 years old.
The company has 17 employees and is located in a building with disclosed square footage of 1,200 sq ft.
The building is leased by the business for $1,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell operating businesses. Nevertheless, the genuine factor and the one they say to you may be 2 absolutely different things. For instance, they may say "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competition, recent reduction in earnings, or a range of various other factors. This is why it is really crucial that you not count completely on a vendor's word, but rather, use the seller's solution together with your overall due diligence. This will repaint an extra realistic image of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering things like supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that profit margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new clients? Often times, operating businesses have repeat consumers, which form the core of their everyday earnings. Particular factors such as new competitors sprouting up around the area, road construction, and also personnel turnover can affect repeat customers as well as adversely affect future incomes. One crucial point to think about is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the higher the opportunity to build a returning customer base. A last idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the local typical family income effect future earnings potential?