Listing ID: 83232
Local people that you see out and about daily have made this publication one of the premier weekly newspapers in the state, providing news coverage that is centered around local events, sports, social meetings, as well as be a vital part of the growth of the community,
Taking local news coverage to a new level, The paper provides live broadcast on its website of many local sports and other events. This is where the paper has made tremendous strides in the past few years.
Typically, the print and e-edition are 12 pages with color available on 4 pages. The age count increases to 16-20 pages during football season. News is centered on local, county, and state. Features include opinion section, business directory, Church directory, and classified.
- Asking Price: $195,000
- Cash Flow: $42,500
- Gross Revenue: $281,700
- EBITDA: N/A
- FF&E: N/A
- Inventory: $1,200
- Inventory Included: Yes
- Established: 1900
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Building was built in 2009, roughly 2,500 square feet of space and is still in top condition. Building sits on a corner lot and is elevated so flooding is not an issue, roughly is one acre of land. Parking lot was laid in 2010. There are two separate offices, conference room, kitchen and two bathrooms. The men's room is the handicapped restroom. Buyer will need to assume lease.
seller will train as agreed to in a purchase agreement
The core market has almost no print competition, only one radio station in Waynesboro, and no TV headquartered in city. Local cable is mostly for Direct TV or Dish TV.
broadcasting live sporting events and other things like graduation that other news sources do not cover or do not provide live coverage of, this is the key to growth not only in this market but others where other publications and media are not providing live coverage.
The venture was started in 1900, making the business 122 years old.
The sale does include inventory valued at $1,200, which is included in the suggested price.
The business has 3ft, 2pt employees and is located in a building with estimated square footage of 2,500 sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell operating businesses. Nevertheless, the true factor and the one they say to you might be 2 completely different things. For instance, they might claim "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or an array of various other reasons. This is why it is extremely crucial that you not depend totally on a vendor's word, however rather, make use of the seller's response together with your general due diligence. This will paint a more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover points such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can indicate that revenue margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in new consumers? Many times, businesses have repeat customers, which create the core of their everyday revenues. Specific variables such as new competition growing up around the location, roadway building, and staff turnover can affect repeat clients and negatively influence future incomes. One vital thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the greater the possibility to build a returning consumer base. A final thought is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Just how might the local typical home earnings influence future income potential?