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Business for Sale Summary

Magazine & Publishing Group - 22771

Business Type: advertising/ printing,home-based business,misc. servicel/non-classifiable,other business services,restaurant/ cafes
Magazine & Publishing Group
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Financial Information (non-confidential)

General Information
Asking Price $675,000 Down Payment $500,000
Gross Revenues $396,566 Lease Remaining Register Free to View
Owner’s Cash Flow $281,566 Number of FT Employees Register Free to View

Financing

$500,000 Down and $125,000 over 1 years @ 5%

Business Description

Restaurant Magazine with several pending projects looking for majority partner (80%) or buyer with the desire to expand into other markets. The best resource guide for fine dining within the Metro NY/LI market. Sales to Hi end advertisers wanting to reach this magazine's affluent readership. Annual publication, now in its 22nd year, features information on top-rated restaurants including a sample menu, color photo and other pertinent information. Has articles by chefs, restaurateurs and former NY Times Restaurant reviewer. 240,000 annual readership. Found everywhere magazines are sold - at least 1500 locations, including hotels and libraries, and on its web site. Beautiful high quality production value. Used as both a reference and coffee table book. Is one of the best-selling magazines in its market. This title can and should be expanded to every major market in the US. International expansion also suggested. Many potential spin-off projects include related web sites e-commerce, trade title, etc. Published once a year but distributed 4 times a year. Owners have 5 months off per year before producing next annual edition. Owners seek full time working partner to purchase 80% of company. 100% purchase of the company may be available as well. Owners will provide extended training and transition and will provide long term support and assistance. Home based business. Prospective buyers are required to provide publishing and/or advertising sales background and financial qualifications before the name of the business can be disclosed and a meeting with the seller or access to additional information. Call broker, Joseph Stansky for more details. Proof of funds and required background are is required for name of this publication.

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.