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Newspaper & Media Publishing Company
North CarolinaListing DetailsOffice ID: NEWSPAPER1
Status: Sold
Listing Broker: Joe Vagnone
Listing Price: $0
Gross Revenue: $770,435
Cash Flow: $175,253
FF&E: $9,500
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Any reasonable offer will be considered, and the owner will consider financing to the right, qualified buyer.
Reason for Sale:
Owner is retiring.
OperationsYear Established: 2009
Form of Ownership: C Corp
Employees (full-time): 7
Employees (contractors): 7
Managers: 2
Business Description:
A true community newspaper, founded over 7 years ago to fill the void in the marketplace, this thriving Profitable newspaper has developed into a multi-media, multi-faceted media company that produces a top-quality weekly newspaper, operates a popular website, and produces specialty publications. Veteran staff of seasoned professional journalists, many of who have lived and worked in the area for decades. Covers in-depth stories relevant to the community – highly respected true community newspaper for its integrity and accuracy, providing a unique balance of serious news reporting with a touch of humor and entertaining style. Area distribution of 26,000 and growing – the newspaper of choice for the area. Multi-media presence with a high-traffic website, popular Facebook page, and active twitter accounts. This paper is operating with no majority owner participation. Great addition for a media company that would like to expand to NC.
Historical Summary:
Founded over 7 years ago, this true community newspaper has filled the marketplace void, and has enjoyed growth. Despite stiff and undercutting competition, this newspaper has achieved marketplace stability and dominance for a number of reasons above and beyond effective management.
Owner Qualifications:
A new owner's skills are: sales, marketing & branding, writing, editorial, production, and business management.
There are 3 main competitors in the market area.
Potential Growth:
Growth potential is unlimited.
LocationReal Estate for Sale: Yes
There is no lease on the facility, as it is owned by the majority owner. Required – desk space for 7 staff members. Additional meeting area for sales team. Individual sales reps work from home. While the real estate is not included in the sale of the business, the property can be obtained by a new owner. The price and terms for this are negotiable.
Last Updated: Jan 6, 2018 / 2:13 PM
Financial Information Current As Of: Nov 9, 2016 / 1:09 PM