Return to broker profile

Leading Online Book & Audiobook Rental Service

VA (Relocatable)

Seller Financing Available
Leading Online Book & Audiobook Rental Service
Contact Seller

Asking Price: $374,995

Cash Flow: $175,202

Gross Revenue: $722,920

EBITDA: N/A

FF&E: $180,000

Inventory: $1,800,000

Rent: $3,500 /Month

Established: 2000

Leading Online Book & Audiobook Rental Service

Save Print Share Valuation Report

Business Description

Great opportunity to own an established and profitable online book and audiobook rental service. The business was founded in 2000 and has grown its selection to around 300,000 titles over the years. They are the oldest online book rental service.

The model is similar to the popular DVD's by mail movie rental model of Netflix by providing unlimited online book and/or audiobook rental service to its members. They offer different membership plans to their readers and listeners with a current active membership roster of nearly 3,000 members. Once enrolled, members can conveniently order paperbacks and/or audiobooks directly from the website at any time of day. There are no shipping fees, late charges, and renting books or audiobooks saves anywhere from 60-80% over purchasing the books.

This is a rare chance to own a well-known business that’s an industry leader with a proven track record and excellent brand recognition. The current owners have done an outstanding job setting up the business for continued long term success by catering to those who prefer paperbacks as well as audiobooks. Over nearly two decades, the owners have adeptly addressed significant disruptions with evolving technologies, changes to the book industry, and have continued to grow the business at an impressive rate. Don’t miss this chance to take over a well-run operation and contact us today!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,224
Lease Expiration:
2/28/2019
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Online business that can be operated from anywhere. The business just needs about 3,200 square feet of space to keep their inventory and process incoming and outgoing orders.
Competition:
The business has been around for nearly 20 years and has carved out a niche in the online book/audiobook rental business. The business has carved out a niche in the publishing industry with a robust membership base and has strong brand recognition.
Growth & Expansion:
There is room for a new owner to grow the business by promoting book rentals along with audiobooks. The business gained significant exposure through PR, but a new owner might consider more traditional advertising and marketing mediums along with creating an active social media presence to spur growth.
Financing:
Available depending on the final purchase price, terms and qualifications of buyer.
Support & Training:
Seller will provide necessary training and support.
Reason for Selling:
Seller would like to focus on another business.
Business Website:
http://www.horizonbrokers.com
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Dustin Zeher, CBI

Business Listed By:
Dustin Zeher

Horizon Business Brokers, LLC

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1472606 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Device Pitstop

Franchise Opportunity
Cash Required: 75000