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- RE: Two Newspapers, Print Plant, 4 Radio Stations
- Contact: Lewis R
- License #: FL SL3198615
Quick Facts
Asking Price: | $0 | |
Annual Revenue: | $977,276 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $588,842 | |
Total Debt: | Not Disclosed | |
FF&E: | $1,841,182 | |
Real Estate: | $1,640,000 | |
Year Established: | 1957 | |
Employees: | 40 | |
BBN Listing #: | 939302 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Covering a wide range of local news sprinkled with relative State and National news, both publications have regular features such as Opinion that include guest writers and columns from other State papers. They have a large Community Events page with a blocked off Meetings section. one third ownership in a competitive paper is included in the sale. cash flow includes salaries of several retiring staff, this will allow you to put new management in place.
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Property Features and Assets:
Two office building's, print plant, press, vehicles, 4 radio stations, radio towers
Market Competition and Expansion:
The only real competition is one local paper which you will own 1/3 of.
Your primary markets are Ohio and Muhlenberg Counties, KY, with Central City, Greenville, Hartford and Beaver Dam being the largest populated areas. The largest and closest metro city is Nashville, TN, about 80 miles South.
A major attraction located in the city of Powderly in the heart of Muhlenberg County is the Merle Travis Music Center.
Reason for Selling:
retiring
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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- View more Kentucky businesses for sale
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