Two MS newspapers + print plant
Hazlehurst, MS
| Asking Price: | $395,000 |
| Gross Revenue: | $662,052 |
| FF&E: | $49,500 |
| Established Year: | 1925 |
| Cash Flow: | $114,211 |
| Inventory: | $6,000 |
| Real Estate: | $475,000 |
Listing ID: 1742880Listing provided by BizBuySell
BUSINESS DESCRIPTION
Two local newspapers that have been in operation since 1884, both focus on local news and have links on their websites to state. national and world news, often in video format.
Regular features in the newspapers include activity calendars (both local and church events), opinion / commentary pages, local school and sports coverage, city – county and court reports, business service ads, legal ads, and classifieds. The local event coverage often includes a photo of attendees or honorees.
The newspapers have a strong following in the market. a mix of advertising with content, usually in 55% or better including sponsorship ads.
This is an ideal purchase to add to your group or to start your own group.
DETAILED INFORMATION
Location
Hazlehurst, MS
Inventory
Included in asking price
Real Estate
Owned
Building SF
13,500
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
There are three buildings / offices
One building is approximately 7,100 square feet, concrete block construction, The commercial print operations are in this building, plus a press they no longer use.
A second building approximately 3,000 square feet
The third is approximately 3,800 square feet. The newspaper uses half and the other half is rented out.
Competition
A few newspapers also serve these markets, but none have any significant area advertising.
Growth & Expansion
Digital growth and hiring strong ad sales staff. With purchase of some equipment you could add revenue by broadcasting local events such as graduations, sports games, and other local activities not covered by other media.
Financing
Seller will consider limited financing WAC
Support & Training
this will be as agreed to in purchase agreement.
Reason for Selling
retirement
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