Popular Local Lifestyle Magazine

Raleigh, NC (Wake County)

Seller Financing Available
Popular Local Lifestyle Magazine
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Asking Price: $225,000

Cash Flow: $144,832

Gross Revenue: $320,994

EBITDA: N/A

FF&E: $10,000

Inventory: N/A

Rent: $900 /Month

Established: 2000

Popular Local Lifestyle Magazine

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Business Description

MOTIVATED SELLER This full color local area interests and lifestyle magazine has been in print for almost twenty years. Strong and loyal advertiser base enjoys broad five tier distribution model; Distribution in all Harris Teeter and Whole Foods locations; ~400 additional street distribution locations; Direct mail to home values over $250,000 on a rotating basis; all RDU International Airport distribution racks; and online distribution via the companies website. Rotating editorial theme content is popular among readers. Current owner works approximately 30 hours per week. Ad ratio is extremely good at 40% to 60% paid pages. These sales numbers produced with no full-time or part-time sales people.

eNewletter subscriber count approaching 3,000 individuals.

Detailed Information

Location:
Raleigh, NC
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Type of Location: Office Condo Monthly Rent: $900 Square Footage: 1500 Facilities: 1,500 square foot office condo more than meets the businesses requirements. Includes 5 offices with windows, reception, kitchen and bathroom with shower. Adequate parking.
Competition:
There are other quality lifestyle magazines in this market, but none that have the distribution or circulation of this business.
Growth & Expansion:
Social media, eNewsletter distribution can be improved and expanded generating additional revenue. Without any question the addition of full-time salespersons would have a material impact on revenue.
Financing:
Seller will participate in SBA mandated seller financing if required.
Support & Training:
Seller will provide up to 80 hours of transition assistance within the first 90 days of sale at no additional cost.
Reason for Selling:
True Retirement
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Contact the Seller

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Jeff Snell, CM&AP, M&AMI, LCBI, ABI

Business Listed By:
Jeff Snell, CM&AP, M&AMI, LCBI, ABI

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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