*** SOLD ***
Successful And Profitable Local Magazine Business
R590,000 (Excl. Stock and Vat)Port ElizabethListing: #14947
About this business for saleSuccessful And Profitable Local Magazine Business
An excellent opportunity to purchase a thriving and growing publishing and on-line business, that is well organised and poised for further growth.
This highly profitable established and successful business offers a unique product with flexible working hours and is relocatable, as the business is run from home.
Established for over 2 years. The turnover has increased steadily every year. The business has developed good processes and runs through a monthly cycle with strict deadlines in place, producing a high quality publication on a monthly frequency which is distributed through industry retailers.
There are 3 main aspects to the business - local advertising in the local magazine on a niche topic; website design and maintenance; fully functional state of the art website.
The local magazines which form the core of the business are distributed to over 10,000 readers every month in an operation which has been honed and improved over the years and runs to strict deadlines. Each edition is an A5 full colour magazine and all magazines focus on local content and specific industry articles of interest.
Published monthly, the local magazines promote businesses in the area and many advertisers have advertised regularly every month for several years. A highly respected, informative magazine for local people, which delivers results for the advertisers and so, is well supported by them. Consequently, this has produced many repeat advertisers and increased revenue.
The business achieves its income from offering advertising packages to local businesses. A high percentage of clients appear permanently in the magazine
Many advertisers are on long-term contracts and pay by direct debit; most feature long term in the publication.
The business has a Graphic Design team who manages the design, layout and content of the magazines in co-ordination with the printing houses.
Good profits are made on sales turnover and the business is set for further growth with the existing infrastructure and no need to expand the staff requirement in the short term.
The owner is keen to find the right person to take over the business and continue the company’s success.
The current owner is willing to provide a handover for a buyer, in order to ensure a smooth and a successful transition.
This business offers an excellent ROI of 59% and a Pay Back period of 19 months
Serious buyers can contact Reza Ebrahim on 083 716 1495 for further information.