Total of 18656 firms and businesses for sale today Friday 26th April 2024
Sold. Publication Company Of Premier Well Respected Glossy Community Magazines
LISTING DETAILS
Firms For Sale ID:
34025
Vendor reference:
IE093
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£150,000
Turnover / revenue:
£204,513
Net profit / cashflow:
£55,532
Years established:
14
Number of employees:
6
Employees / staffing:
The publication business is owner run with the help of two sales staff and two part time self employed feature writers plus two self employed graphic designers, who are a major asset to the business.
OTHER DETAILS
Reason for selling:
The owner is an entrepreneur and is now looking at new ventures.
Support and training:
Support and training will be provided to ensure a smooth transition of ownership
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Publication Company of Premier Well Respected Glossy Community Magazines
Ref.IE093
Location Norwich Fully relocatable
Asking Price GBP 150,000
Established in 2001, this business produces and distributes five local glossy community magazines, covering Diss & Attleborough, Wymondham, Dereham & Watton, Norwich, North Norfolk and Suffolk.
These popular free distribution, full colour magazines have gone from strength to strength. The magazines are distributed via pick up points or door to door to homes and companies with virtual blanket coverage across a number of towns and villages. The magazines have a prime position within the five communities where they are distributed, and are well received and well read by many readers.
Diss and Attleborough has 8,000 monthly production
Wymondham, Dereham and Watton 8,000
Norwich 6,000
Norfolk on My Mind 6,000
Suffolk on My Mind 2,000 (Increasing)
Local businesses, particularly smaller businesses partnerships and sole traders contribute virtually all of the advertising sales revenue.
The success of these magazines has been based on providing a medium for the local community to spread details and information about issues and events throughout its circulation area as well as providing features that have an interest to the wide range of people that live within it.. These magazines cover the Norwich area with very little competition offering similar coverage.
This business represents an excellent opportunity to acquire a well-established profitable free distribution magazine with a substantial, loyal advertising base and excellent growth prospects.
Market / Competition / Non-Competition Agreements
The magazines are extremely popular and as such promote a tremendous amount of self advertising. There are also two websites showcasing the publications and the business features on social media sites