Listing ID: 83200
Business Overview
Commercial printing business includes five weekly newspapers, commercial printing, digital and web pages links domains, standalone insta-print operation, and local delivery to eight adjoining counties. Multiple income streams. Production plant includes web and sheet fed presses, mailroom, and bindery for web, book, specialized products. Trained workforce. Weekly circulation of over 140,000, papers delivered to eight adjoining counties. No local competition
Financial
- Asking Price: N/A
- Cash Flow: $572,000
- Gross Revenue: $7,640,000
- EBITDA: N/A
- FF&E: $3,363,000
- Inventory: $132,500
- Inventory Included: Yes
- Established: 1943
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:25,000
- Lot Size:N/A
- Total Number of Employees:104
- Furniture, Fixtures and Equipment:N/A
Multiple locations, newspapers sites, print sites, trade publications - Including two stand-alone businesses (1) a high-speed copier and consumer printing sales and photo processing plus aPack and Ship operation (2) another high-speed copy center. The company has strong commercial print sales and insert delivery in a large geographical area in addition to newspaper revenue. Four property locations available for lease or purchase for $2.300,000; one location is leased office. Sq. Ft. in buildings for sale or lease is 25,000 sf, 5,000 sf, 5,700 sf, and 2,700 sf plus basement.
as agreed to in purchase agreement
retiring
The only print publication left in the area that could be considered as competition a Gannett publication that still publishes 7 days a week but has less than 10,000 circulation. They still have the majority of area inserts, but seller continues to pick up more from them each year. As with all print business social media, direct mail pieces, local radio stations are also competition.
One fairly new concept that could be added for revenue is using the websites to broadcast live local sports games and other local events that TV, Cable, etc. do not cover.
Additional Info
The company was founded in 1943, making the business 79 years old.
The sale will include inventory valued at $132,500, which is included in the suggested price.
The company has 104 ft, 11 pt employees and resides in a building with approx. square footage of 25,000 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. Nonetheless, the true factor vs the one they say to you may be 2 absolutely different things. As an example, they might claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or a variety of other reasons. This is why it is extremely crucial that you not depend completely on a vendor's word, however instead, use the seller's answer combined with your total due diligence. This will paint a much more practical image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that earnings margins are too small. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be met or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new customers? Often times, operating businesses have repeat customers, which develop the core of their day-to-day profits. Particular aspects such as new competitors sprouting up around the location, road building and construction, as well as staff turn over can affect repeat clients as well as negatively impact future earnings. One crucial thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the higher the chance to build a returning client base. A final idea is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood average home earnings impact future income potential?
