Financing: $435,000.00 Down and $430,000.00 @8% over 60 months
Reason for Selling:Owns 2 Other Companies
Regional Life & Leisure Magazine for sale. This company has steadily grown over the past four years to become a leading life and leisure magazine for its region. It was established to bring those who live in and around the area a fun, yet informative publication about local events, businesses and people in the community, as well as serve as a source of information on other topics such as Wellness, Parenting, Pets, Wine, Business & Finance, Food & Dining and Home Solutions. With a circulation of 30,000 per month and over 150,000 readers per month, this magazine has a very strong base to build upon. Available in over 500 locations in the area, the magazine also offers subscriptions at $18/yr. There has been a recent population boom in the area and it continues to grow. There is a potential pool of over 1,000,000 readers in the area. With its current readership this magazine generates approx. $780,000.00 in annual revenue, with an Owners Cash Flow of approx. $264,000.00. There is a full staff in place that is willing to stay on board. In fact, the staff can virtually run the business themselves. A potential buyer need not have previous publishing experience, although it would be beneficial. The current owner is willing to train and the staff is more than capable in assisting any transition. The only reason the owner is selling is due to 2 other business interests that have been taking up more and more time. This is an excellent opportunity to come in and grow an already established business with solid cash flow. The owner is willing to hold a note for half of the total asking price. What better vote of confidence can you find from a seller? If you have any interest, do not delay. Call today for an appointment!
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