MergerPlace

Fantastic & Rare Opportunity to Purchase

Florida


  • Asking Price: $199,000
  • Gross Income: $414,071
  • Cash Flow: $147,506
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $9,735
  • Listing ID: #198280
  • Established: 2002
  • Employees: 2 FT/1 PT

Business Description

This Fantastic Publishing company has 2 well-respected magazines in a large region of South Florida. One magazine covers Okeechobee which has 39,000 residents normally but swells to over 80,000 during the busy season. Okeechobee is famous for special events such as the famed fishing tournaments and the annual music festival.
The other magazine is a once a year regional guide which covers the entire Lake Okeechobee region and the cities surrounding it. This business also comes with a great Manager who can operate the business without an owner being present-a big plus!


Business Details

Primary Business Category: Information Services - Publishing Industries
Location: Florida

Company Information

Year Established: 2002
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT/1 PT

Financial Information

Asking Price: $199,000
Gross Revenue: $414,071
Cash Flow: $147,506
FF&E: $9,735
Seller Financing Available: Yes

Property Information

Facilities:

Spacious office building suite provides elbow room and a long-term lease.

Growth & expansion opportunities:

Additional publications during the year have been produced for community organizations which has boosted sales and especially profit margins. Other organizations in the region are asking for pricing to do their own annual publication as well - all a good sign of promised growth. Population is growing, as well as the business sector entering the region.

Competition:

This successful publication has put the competition out of business. Well-run. Experienced staff. Simple business model.

Reason for selling:

Family move out of the area.

Support & Training:

Will train for 2 weeks @ no cost. Good organization and planning skills required for time-sensitive materials. Should be able to direct staff and provide clear direction. Enjoy people.

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Business Listed By:

Paul Lapidus

Murphy Business Brokers