Listing ID: 83246
Two local newspapers that have been in operation since 1884, both focus on local and state news and have links on their websites to national and world news, often in video format.
Regular features in the newspapers include activity calendars (both local and church events), opinion / commentary pages, local school and sports coverage, city – county and court reports, business service ads, legal ads, and classifieds. The local event coverage often includes a photo of attendees or honorees.
The newspapers have a strong mix of advertising with content, usually in 65% or better including sponsorship ads. There is also a weekly shopper delivered to non-subscribers in many of their market areas.
This is an ideal purchase to add to your group or to start your own group.
NOTE: inventory included in asking price includes a 30 day supply of newsprint and ink for press, at certain times this inventory may be higher and require an additional payment.
- Asking Price: $650,000
- Cash Flow: $248,000
- Gross Revenue: $930,000
- EBITDA: N/A
- FF&E: $49,500
- Inventory: $26,000
- Inventory Included: Yes
- Established: 1900
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:13,500
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
There are three buildings One building is approximately 7,100 square feet, concrete block construction, The press and commercial print operations are in this building. A second buildings approximately 3,000 square feet The third is approximately 3,800 square feet. The newspaper uses half and the other half is rented out.
as needed and agreed to in purchase agreement
Several daily newspapers also serve these markets, but none have any significant area advertising. The largest paper in the state, The Clarion-Ledger distributes in all three markets
Digital growth and hiring strong ad sales staff. With purchase of some equipment you could add revenue by broadcasting local events including sports games that other media do no cover. Expansion of the shopper could increase revenue.
The venture was established in 1900, making the business 122 years old.
The transaction will include inventory valued at $26,000, which is included in the asking price.
The company has 8 employees and is located in a building with disclosed square footage of 13,500 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell companies. Nonetheless, the genuine factor and the one they tell you may be 2 completely different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competitors, recent decrease in profits, or an array of other reasons. This is why it is very important that you not count completely on a seller's word, yet instead, utilize the vendor's answer along with your total due diligence. This will paint a much more sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that revenue margins are too thin. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise 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 should be fulfilled or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract new clients? Most times, companies have repeat clients, which create the core of their daily revenues. Certain aspects such as brand-new competition growing up around the location, road building and construction, and staff turn over can affect repeat customers and adversely impact future earnings. One crucial thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the better the possibility to build a returning client base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the local typical household income impact future income prospects?