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This Business has been Sold!
Closing Date: 01/12/2012

Business for Sale Summary

Fine Dining Magazine - 19992

Business Type: service businesses,advertising/ printing,other business services,mfg businesses,printing/publishing
Sold
Fine Dining Magazine
On January 12th 2012, The Undersigned
Acted as the Advisor to the Deal
Joseph Stansky Esq
Joseph Stansky Esq Senior Broker
Servicing: Nassau County NY, New York County NY, Queens County NY, Rockland County NY, Suffolk County NY, Westchester County NY, CT, NJ
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $125,000 Down Payment $75,000
Gross Revenues $286,500 Lease Remaining Register Free to View
Owner’s Cash Flow $192,110 Number of FT Employees Register Free to View

Financing

$75,000 Down and $50,000 over 2 years @ 6%

Business Description

The best resource magazine for fine dining within the areas it covers (Westchester County, NY and Fairfield County, CT). Annual publication, now in its sixth year, features information on top-rated restaurants including a sample menu, color photo and other pertinent information. Has articles by chefs, restaurateurs and NY Times Restaurant reviewers. Found everywhere magazines are sold and on its web site. Beautiful high end production value. Used as both a reference and coffee table book. Is one of the top 3 best selling magazines in all its markets. Has grown from 100 to 200 pages in only six editions. Sister magazine is a newer top-selling Lifestyle Magazine in one of its most affluent markets. Contact broker for information on purchasing this sister publication. Buyer will own 60% of this magazine and work with trademark holder (who publishes 2 other similar publications) and will have right to publish for a minimum of 7 years; will retain all net income less a rights fee of $25k per year. Magazine group will be sold after 7 years and buyer will receive 60% of the proceeds attributable to this magazine. Prospective buyers should be prepared to provide publishing and/or advertising and financial qualifications before a meeting with the seller or access to additional information. A full non-disclosure agreement will also be required. Call broker for more details.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.