Marketing & Print Magazine Company - Wedding Industry
Asking Price: | $334,900 |
Gross Revenue: | $495,000 |
FF&E: | $12,000 |
Cash Flow: | $168,900 |
Inventory: | $5,000 |
Established Year: | 2006 |
The owners of this wedding media company are looking to turn over their 18-year old established and profitable B2B marketing, trade shows, and print magazine company to someone with new energy, direction, and ideas. Although home-based in the Albuquerque area, this company services clients and readership all over New Mexico and Colorado. This successful business has been growing continuously since it's fruition due to their strong retention rate of repeat clients, vendor relationships, and annual contracts in place. With processes in place for a plug and play transition to a new owner and a small dedicated team that can either work in-person at an office or work remotely, the new owner will have immediate support to be successful leading the company. The employees are trained in sales, layout and design, social media, email marketing, distribution of the magazine, and handle most of the day-to-day operations. Owner works part-time in the business.
This scalable business is in a unique category with creative and trendy insight geared towards an average age demographic of late 20's/early 30 year olds. Not only do they offer mobile responsive and interactive websites, a mobile app, and strong social media presence, they publish a print magazine with established distribution, a database of readership and leads, hosts networking events, along with producing consumer-based trade show events three times per year.
There is loads of opportunity to expand. Current customer base in New Mexico and Colorado, with potential to duplicate current business model in neighboring states, or even franchise and go nationwide.
Perfect buyer has a creative acumen with desire to learn from the current ownership and staff, expand the business through additional publications, online presence and consumer shows. Sales experience is a plus but not necessary.
Business has been pre-approved for SBA financing with 10-15% down payment.