Weekly Newspaper Publishing Business For Sale

Business description

This is a tremendous opportunity for a person with good people skills and who likes to be in the "thick of things." Two weekly, subscription-paid, long established newspapers located in a growing city in central Texas. All equipment and cutting edge technology in place for electronic pagination and news gathering. This operation had six sales people and a news and prodution crew of 15 at one time. Website also up and running and just received first paid banner ad request Feb. 2007. For strategic buyers who desire a footprint in this market, the billing, payroll, circulation management, ad makeup and pagenation could be centralized (relocated). The ad sales, newsgathering and photography could be handled locally with part-time personnel and a full time local manager.

Property information

Real Estate:

Lease

Lease terms:

2000 sq.ft. @ $2000/mo. Building owned by seller.

Location:

Space is a single story located in a larger building in a commercially-zoned district in the heart of the city. Owner will pay taxes, insurance and utilities for the space. Building is old, but very serviceable for news and ad production.

Other information

Expansion potential:

The growth opportunities are tremendous. Current owner is in his 70s. He repossessed this operation a few years ago after he had sold it. He has had to get the operations and advertising base re-established. The commerical growth and residential population growth in this area has been high. The opportunity is wide open for someone who is able to deal with business customers effectively (advertising clients) and meet the public well. Doubling or tripling advertising revenue within a few years is entirely possible.

Competition / Market:

There is no other English language weekly in this community of 150,000 plus. There is a daily newspaper, television and radio stations which compete for advertising dollars. However, these two newspapers, one established in 1946 and the other in 1893, are firmly entrenched in this market as a respected print media advertising resource.

Support & training:

Seller will remain as along as needed for a seamless transition. Seller is a life-long member of this community and will be willing to stay on and help on a negotiated basis with introductions to key advertising accounts and news sources.

Reasons for selling:

Owner wishes to retire.

Financing available:

None

Furniture / Fixtures value:

$5,000 (included in the asking price)

Inventory / Stock value:

$1,000 (included in the asking price)