Hundred & Twenty Year Old Weekly Newspaper For Sale

Business description

Established small town weekly newspaper. 565 paid subscribers + counter sales. Due to other interests, that require extensive travel, I will no longer have the time to establish new advertiser venue's or weekly deadlines. Business includes subscriber list, 2 Macintosh computers OSX & OS9.2 w/ Quark software, 1 Sony monitor, printer, scanner, and around 75 years of bound past issues, catalogued by year. Miscellaneous office furniture. Three years ago I was offered more for this business than I am currently asking, but was not ready to sell at that time. March 21st of last year an independent brokerage co. came in and evaluated the company. It was valued at between $62,000 and $68,000. Was asking $60,000. Previous sale on business fell through and will now accept $40,000 OBO for a quick sale. Editor and office personnel are willing to stay if desired.
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Property information

Real Estate:

Lease

Lease terms:

$200 a month + utilities

Location:

Downtown Fisher

Other information

Expansion potential:

Due to other interests I haven't attempted building the papers advertising base, or circulation. A dynamo could increase both substantially in a very short time.

Reasons for selling:

New career that requires extensive travel makes for little to no time for the paper.

Trading hours:

9 a.m. - 1 p.m. M, T, T, F

Financing available:

N/A

Furniture / Fixtures value:

$5,000

Inventory / Stock value:

$5,000

Contact the seller