Listing ID: 83237
An extremely local weekly paper, averaging ten (10) to twelve (12) pages per week with four (4) pages of color. The Christmas edition is usually twelve (12) pages.
News coverage is centered around local events, sports, social meetings.
- Asking Price: $115,000
- Cash Flow: N/A
- Gross Revenue: $167,500
- EBITDA: N/A
- FF&E: $11,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1967
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Recently remodeled the entrance and office area, the lot of 30 x 294 feet. property can be purchased or leased
Seller will train any buyer who needs it, details to be in purchase agreement
no direct competition, no radio or TV in the area. Several larger newspapers have distribution but do not offer any competition
County sits in the center of three larger towns (approximately 30-40,000 population each) in the Counties that surround it on three sides. Because the shopping in the County is limited, all Countians drive to larger towns for a great deal of their shopping and medical needs. In addition to getting advertising from businesses inside the County, the staff is successful in getting advertising from the surrounding three larger towns, but more can be down from these areas. Businesses in the surrounding towns understand that there are many categories of goods which are not represented at all, such as Car Dealerships, Manufactured Home Dealerships, Furniture Stores, clothing stores, Shoe Stores, Sporting Goods Stores, Farm Equipment. Vendors know that people must leave the County to purchase these items, so they are competing for the business.
The venture was started in 1967, making the business 55 years old.
The company has 2ft,2pt employees and resides in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. However, the real reason vs the one they say to you may be 2 absolutely different things. As an example, they may claim "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may simply be excuses to attempt to hide the reality of changing demographics, increased competition, current reduction in profits, or an array of various other factors. This is why it is extremely important that you not count completely on a seller's word, but rather, utilize the vendor's response in conjunction with your overall due diligence. This will repaint a more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover points like inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that revenue margins are too tight. Numerous businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be satisfied or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract new consumers? Many times, operating businesses have repeat consumers, which create the core of their daily profits. Specific aspects such as new competition sprouting up around the location, roadway construction, as well as employee turnover can influence repeat consumers and adversely influence future profits. One essential thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business regularly, the higher the chance to build a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Just how might the local average household income impact future earnings potential?