Publishing, Pressroom And Mailroom Supplies For Sale

Business description

The Company has a long history as a leading supplier to newspapers, commercial printers and desktop publishers throughout the United States. The customer list boasts over 2,500 of the most recognized names in American publishing including, The Chicago Tribune, The New York Times, The Washington Post, The Boston Globe, RR Donnelley, Las Vegas Review, Miami Herald, and The LA Times. Just to name a few. Traditionally the Company has only represented the finest manufacturers in the industry and has sold the very best products for newspaper and printing production. The Company is also a ?Preferred Supplier? to the PAGE Newspaper Cooperative. PAGE was created in 1984 by and for the independent privately owned newspapers of America. This member-owned Cooperative includes 267 newspaper corporations with 563 daily newspapers and over 1,000 other non-daily publications. The PAGE members purchase a variety of newspaper supplies and equipment from the preferred suppliers. The Company has been a PAGE supplier for over 20 years. Aggressive promotion to PAGE members could substantially increase future business.
The owner is ready to retire and transition the business to new ownership. The assets of the Company include a long customer list, merchandise inventory, warehouse and office equipment and a very well known brand and logo. In addition the Company has Net Operating Loss (NOL) carry forwards that can be utilized to make this a very attractive purchase for a strategic buyer. The recent retirement of two sales rep?s has caused a decline in sales although the active customer list remains lengthy and the brand?s are still in use at many newspapers and publishers around the country. With a modest sales effort the business should generate $1 million in annual sales at 29% margins from its current customer base. However sales in years past when the business had an active sales program were much higher. In addition, the current customer base is ripe for product expansion as more brands are added to the product mix. The owner has many contacts in the industry and would be happy to work with a new energetic team to re-build sales prior to his full retirement. The current business model includes three catalogs and thousands of products used in the mailroom, press room, pre-press area, newsroom and office. From toner cartridges to pressroom chemistry, lift trucks and joggers the Company is a single source supplier for its customers nationwide. The purchaser will acquire a well established industry brand name with a loyal customer base, and a complete line of products as well as the opportunity to expand their existing business. This excellent opportunity also includes the ability for the purchaser to generate significant tax savings that are associated with the NOL carry forward. The business has a very strong image and reputation with its customers, runs efficiently without significant owner involvement and has a wonderful foundation to grow upon. The combination of the extensive customer history and product list makes this an ideal business opportunity for a graphic arts or office supply business that wants to open a new market in the publishing and newspaper industry

Other information

Support & training:

Owner willing to assist with transfer

Reasons for selling:

Retirement

Inventory / Stock value:

$90,000 (included in the asking price)