Business Overview:
Attention Publishers, Advertisers, Journalists and Marketers.
Now available for acquisition is this well established B2B monthly magazine that for nearly 75 years has earned the status as the trusted go-to-source for news and advertising in their Northern Ohio niche market. The current owner acquired the business in 1997 and has grown the business by over 700%. The owner is preparing to retire and is seeking a new owner with the vision to continue the growth and expansion to potentially other key markets throughout USA. The owner is negotiable to an extended consulting agreement to transition the new owner(s) into the business and help duplicate its success in additional profitable markets if so desired.
The business returns a robust 76% gross profit and has provided the owner an average of over $268,000 in SDE over the last three years. These recurring profits are achieved from the long-established relationships built on the loyal base of advertisers that have patronized the business for over 20 to 30 to 50 years or more, and in some cases multiple generations. This multi-award-winning magazine is available in print and digital format. The niche trades produce billions of dollars of economic impact to the metropolitan and surrounding area. This massive number attracts hundreds of industry verticals to advertise in the magazine monthly.
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Reason for Selling:
Retiring
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.
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