Listing ID: 83213
Business Overview
Three publications is a separate corporation with individual bookkeeping and payroll. Great opportunity to expand with other local publications in area. Has shopper, press, websites. Although separate corporations, these three publications share editorial copy and news reporting duties, sell multi-paper ads, and work together on some special issues, allowing them to charge a higher advertising rate because of the combined market coverage.
Publications can be purchased separately.
Financial
- Asking Price: $750,000
- Cash Flow: $131,000
- Gross Revenue: $930,000
- EBITDA: N/A
- FF&E: $84,000
- Inventory: $8,000
- Inventory Included: Yes
- Established: 1900
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:10,000
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Two buildings are owned, one 7800 sf, one 3000 sf- third location is rented the owned properties may be purchased or leased from seller.
owner will train if needed per purchased agreement
retiring
These publications control the market, very little competition
expand coverage of shopper, perhaps use of websites as broadcast for local sports and events
Additional Info
The business was founded in 1900, making the business 122 years old.
The sale shall include inventory valued at $8,000, which is included in the asking price.
The company has 9ft, 3pt employees and is located in a building with approx. square footage of 10,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. Nevertheless, the true reason and the one they say to you may be 2 totally different things. As an example, they might state "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competition, recent reduction in earnings, or a range of other factors. This is why it is very crucial that you not depend completely on a vendor's word, yet rather, make use of the vendor's answer together with your general due diligence. This will paint an extra realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that earnings margins are too thin. Many organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new consumers? Most times, operating businesses have repeat customers, which develop the core of their day-to-day earnings. Certain factors such as brand-new competition growing up around the area, roadway building and construction, as well as staff turnover can affect repeat clients and negatively impact future incomes. One important point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the higher the chance to develop a returning customer base. A last thought is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood average home income influence future income prospects?
