Broadcast Radio Station In Connecticut For Sale

Business description

This Spanish language radio station has been operated by the current owner for 19 years, with new studios. The frequency is a clear broadcast frequency, and the station is in the process of becoming purely digital and increasing its wattage by 3000 watts, which will give it the quality of FM transmission, with more coverage. All but one sector engineering study (south) has been completed, and FCC applications made. The station broadcasts around the clock, seven days per week. The programming is streamed on line. It is ranked number two in its primary market area according to the Arbitron Company in the spring of 2010, and has between 200,000 and 250,000 listeners. Its programming is a combination of Tropical music ( Salsa [Cumbia and Ballenato], Marengue, Bachata, Ballads, Regueton, Plena, and Bomba), news, weather, and sports reports, live coverage of events of interest to the Spanish-speaking community, and informational programs and interviews of interest to the Hispanic community with government officials, educators, and business leaders. The station plays music from Central and South America in order to fill the needs of its listeners. The seller will rent the land and transmitting towers and equipment to the new owner. 80% of the advertising revenue comes from national accounts, and net profit before owner’s compensation equals about 50% of gross income. Accounts Receivable average 45-60 days.

Property information

Real Estate:

Lease

Lease terms:

Cash flow is net of $8,000 per month for towers and transmitting equipment owned by seller.

Leasehold rent:

$26,400 per annum

Location:

Located in Connecticut in a populous area with substantial Spanish speaking population

Premises details:

The studios are located in an office complex. The cash flow is net of $8,000 rent for towers and transmitting equipment owned by seller.

Size in square feet:

Studios are about 2000 sq. ft.

Other information

Expansion potential:

Desirability of air time will be enhanced with the completion of the digitalization process, which will allow an increase in power and quality.

Competition / Market:

There are three other Spanish speaking radio broadcasters in the area.

Support & training:

The owner will stay as long as necessary to ensure a smoothe transition

Reasons for selling:

Owner wishes to retire

Trading hours:

24/7/365

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner will consider financing

Furniture / Fixtures value:

$35,000 (included in the asking price)