Listing ID: 83208
Located in a largely rural area that still hosts major industries making a near billion-dollar expansion that is creating more than 1,400 new jobs, these are two well-known, high quality newspapers owned by the same family for more than 100 years. Established in 1898 this offering presents a real opportunity for a person who would enjoy running a newspaper in a setting that’s rural/outdoors oriented but progressive. This is also an opportunity for a newspaper group seeking to expand its properties. Dependable paid circulation of 3,400 and 1,800 respectively. Break even bottom line during the pandemic. Two well-maintained office buildings in separate locations can be purchased for a very reasonable price.
- Asking Price: $150,000
- Cash Flow: N/A
- Gross Revenue: $600,000
- EBITDA: N/A
- FF&E: $30,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1900
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:2,680
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Two well-maintained office buildings Building sizes: one has 2,080 sq. ft. and a smaller one has 600 sq. feet – only $100,000 for both.
as agreed to in purchase agreement
Owners are retiring, Latest generation involved in other careers
Minimal, no major media presence in terms of local ad revenue.
Very few special sections or specialty publications are undertaken, additional ones could expand the advertising base significantly. Digital opportunities have yet to be explored.
The business was started in 1900, making the business 122 years old.
The business has 9ft, 3pt employees and is located in a building with disclosed square footage of 2,680 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell companies. However, the true reason vs the one they say to you might be 2 absolutely different things. For instance, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competition, recent reduction in profits, or a range of other factors. This is why it is extremely essential that you not rely absolutely on a seller's word, yet instead, use the seller's response along with your overall due diligence. This will paint an extra sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover points like inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that earnings margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that must be met or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract new customers? Most times, businesses have repeat customers, which form the core of their day-to-day earnings. Particular aspects such as brand-new competitors growing up around the area, roadway construction, and also staff turnover can impact repeat clients and also adversely impact future profits. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to build a returning client base. A final thought is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Just how might the regional median household income effect future income potential?