Owner Financing is Available!
Business Overview:
This Spanish language radio station has been operated by the current owner for 19 years, with new studios. The frequency is a clear broadcast frequency, and the station is in the process of becoming purely digital and increasing its wattage by 3000 watts, which will give it the quality of FM transmission, with more coverage. All but one sector engineering study (south) has been completed, and FCC applications made. The station broadcasts around the clock, seven days per week. The programming is streamed on line. It is ranked number two in its primary market area according to the Arbitron Company in the spring of 2010, and has between 200,000 and 250,000 listeners. Its programming is a combination of Tropical music ( Salsa [Cumbia and Ballenato], Marengue, Bachata, Ballads, Regueton, Plena, and Bomba), news, weather, and sports reports, live coverage of events of interest to the Spanish-speaking community, and informational programs and interviews of interest to the Hispanic community with government officials, educators, and business leaders. The station plays music from Central and South America in order to fill the needs of its listeners. The seller will rent the land and transmitting towers and equipment to the new owner. 80% of the advertising revenue comes from national accounts, and net profit before owner’s compensation equals about 50% of gross income. Accounts Receivable average 45-60 days.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The new studios of the station are located in an office complex. The cash flow is net of $8,000 per month rental of transmitting towers and equipment owned by the seller.
Market Competition and Expansion:
The station is rated second overall in its market area by Arbitron. It is the leading Spanish language broadcaster. It streams online internationally.
Reason for Selling:
Owner wishes to retire
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: