Giant Expansion Potential in Auto Media Provider (17744)
AutomotiveFor Sale in MI
Financial & Assets Details
About the Business
Accepting Offers! Listing provides automotive content and media coverage for the local community, from website publications, news and trade articles to mass emails, radio productions, and podcasts with many in-house topics. Thanks to high viewer ratings and proper editing experience, business keeps 70% of its income from sponsorship contracts with long-time clientele and regional professionals for up to 12 months in advance. The office space of 3,200 square feet total is surrounded by a parking lot and found in excellent condition. The property is leased by the company from ownership and available for lease or purchase. Commercially zoned to handle extra capacity, the company is the perfect expansion opportunity for achieving national and international reach, open to new plans and optimization angles for further field growth. A reliable personnel of five nonunion employees agree to stay on board post-sale, currently adapting to streamlined operations to make the business ready for a standard owner transition period of one year. Marketing efforts center on social media engagement and a strong online presence, with over 80K subscribers on YouTube and customer referrals offering several advertising potentials for strategic buyers. Utilizing new tech and projecting evolution trends for the auto industry’s return, Revenues for 2020 reached $470,212 alongside Discretionary Earnings of $100,000 and an Adjusted EBITDA of $91,250.
Negotiable up to 20% for the right buyer.
Property is available for purchase outside of Asking Price!
Support & Training
Standard Owner Transition period of 1 year.
Reason for Selling:
Approaching retirement and/or pursuing other interests.