2 newspapers, print plant, 4 Radio Stations - motivated seller
Central City, KY
| Cash Flow: | $147,539 |
| Inventory: | $24,500 |
| Real Estate: | $1,500,000 |
| Gross Revenue: | $1,062,926 |
| FF&E: | $1,841,182 |
| Established Year: | 1925 |
Listing ID: 2146677Listing provided by BizBuySell
BUSINESS DESCRIPTION
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.
The most recent 2-year average SDE is $147,539. The opportunities for growth are just waiting on a new owner.
DETAILED INFORMATION
Location
Central City, KY
Inventory
Included in asking price
Real Estate
Owned
Employees
40
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
office building's, print plant, press, vehicles, radio stations, radio towers
Competition
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.
Growth & Expansion
I have to assume a lot of the opportunities are already being done, however, using your local website to do live broadcast of events and local sports games can be a new revenue source. there seems to be opportunity for growth in radio or combination ad sales.
Great opportunity to put your management in place with several employees retiring.
Financing
seller may consider holding a small amount of owner financing
Support & Training
Training and support provided as agreed to in purchase agreement.
Reason for Selling
retiring
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