Lifestyle Magazine for the Colorado Springs Area

Colorado Springs, CO (El Paso County)

Seller Financing Available
Lifestyle Magazine for the Colorado Springs Area

Asking Price:$295,000

Cash Flow:$80,100

Gross Revenue:$356,633

EBITDA:N/A

FF&E:$5,000

Inventory:N/A

Established:2004

Lifestyle Magazine for the Colorado Springs Area

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Business Description

90% of the 58 companies advertising in the publication are on 12 month contracts. This lifestyle publication for the Colorado Springs area is now available for acquisition. The owner has made almost $100,000 in profit annually each of the last four years with an 8.4% increase since 2013! This business is supported financially by ad sales to the tune of $356,633 in 2015.

The current owner lives out of town working remotely for approximately 5 hours each week and is selling due to divestment. An owner who is local or has a vested interest in the Colorado Springs area would have unlimited growth opportunities simply by being involved in the community. Printing, national editorial columns and graphic design is done through a central office, so an incoming owner would focus on oversight and local ad sale. Office space located in the city runs only $700/month for a lease, with $5,000 in office equipment, software and furnishings included in the purchase price of the business.

The magazine currently employs the owner, one full-time salesperson and one part-time operations manager. Four or five stories focusing on businesses local to Colorado Springs are written by one of the 1099 subcontractors who interview and write the stories. Distribution is scheduled through the office to deliver magazines to 620+ business locations and mailed to 1,600 doctors, dentists and beauty salon/spa waiting rooms in the Colorado Springs area.

With no salesperson, a buyer’s net profit after loan payments and business expenses would be a Net Operating Income (NOI) of $67,528 each year. Based on a down payment of $59,000 (20% of the purchase price), this is a 114% return on investment (ROI).

With one salesperson, a buyer’s net profit after loan payments and business expenses would be a Net Operating Income (NOI) of $37,407 each year. Based on a down payment of $59,000 (20% of the purchase price), this is a 63% return on investment (ROI).

Attached Documents


Detailed Information

Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Lease: Only $700 per month for office space
Growth & Expansion:
Growth Opportunities: Owner in city selling ad space and maintaining relationships
Financing:
15% (=$44,250)
Support & Training:
Seller Training Period: 90 days of training (non-paid)
Reason for Selling:
Divestment; it is currently being run absentee

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Cortney Sells

Business Listed By:
Cortney Sells

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