Community Newspapers - Group of Six (6) Weekly Editions
| Asking Price: | $895,000 |
| Gross Revenue: | $250,000 |
| FF&E: | $25,000 |
| Cash Flow: | $75,000 |
| Inventory: | $50,000 |
| Established Year: | 1999 |
What an incredible opportunity for someone who wants to be in the newspaper industry and/or own a piece of history! These unique publications have over 500 years of combined publication existence. Three of these papers were first published in the 1800’s.
These 6 small towns in Ohio each count on their local community paper to report on, tell stories of, and share pictures about events and happenings in their little area of the world. Mary’s piano recital, Johnny’s first homerun, and Betty’s peach cobbler recipe are all big news in a little town and these weekly papers tell the story the same way people have been getting their local news for decades. People still subscribe to and local businesses still advertise in these local newspapers.
This old newspaper company still keeps up with modern times also! For the younger, more tech savvy readers, there is the digital subscription version. As you can imagine, the digital media is much less expensive to operate and therefore much more profitable, but it is still just a supplement to the print business.
This opportunity is a lot greater than just the potential cash flow. In addition to the standard revenue from publications, another tremendous benefit is the Trade Out. As most people in advertising know, you can get tremendous additional value from trading products and services for ad space. Often trades are not dollar for dollar, so you can make a lot more from trade than you would charge in cash. In addition, they also publish a lot of notices for nonprofits and their relationships with these 501(c)(3) organizations allows them to take tremendous tax deductions for their contribution of printing services.
This deal gets even better. The current owner will finance the deal with just one-third down. Then he will work with you (for you) for up to 4 years so you can pay off the second one-third; and then after that period he will finance the remaining one-third for you at ZERO % interest.
Did you get that? The owner will stay on and teach you the business and work with you for up to 4 years while you are paying down the debt. He wants to make sure you are successful, so you can pay him, but also so you keep his legacy going. You get personal access to all his knowledge and contacts. Those are simple terms that can't be passed up!
