Newspaper Covers 6 Suburbs for 42 Years

Financial & Assets Details

About the Business

Business Description

This newspaper serves six Southern Suburbs of Cleveland, Ohio.
It has enjoyed a strong reader base for 42 years and is published twice a month to paid subscribers. It covers in depth local events, government news, and school activities. Long standing advertisers rely on this Newspaper to continue making the community aware of the advertisers existence and feature the special promotions that all businesses need. The subscribers ask for this Newspaper because it brings them timely and attractive ads and are often featured in a story spotlighting their products. Over the last twelve months it has had over 150 steady advertisers. It is a well-established newspaper and recognized throughout the 6 suburbs as providing accurate news and advertisers that feature their products and services to these affluent communities.

There are 8 employees; 6 are considered free lance.

It is housed in a 1500 sq. ft. building and leased for $1100 per month.

A bank will finance this business with $50,000.00 dollars as a down payment.

Growth & Expansion

The business survives on their long-time advertisers. There is a great potential to expand into surrounding suburbs and to provide additional print services for customers. Every business needs to advertise, from car dealerships, hardware stores, beauty salons, plumbers and builders and repairmen. The paper that has more salesmen on the road reaching out to each community that they serve, selling advertising to every business in that community, will increase the income. There are unlimited growth possibilities. Making money can be a fun occupation.

Seller Financing

Negotiable

Market Competition:

There is no other newspaper in this community. They belong to the Chamber's of Commerce for each of the communities that they serve. The fellow members and personal contacts that they have developed over the years creates many referrals for their advertising business. Their reputation precedes them as many advertisers search for them and look to the dependable response that this newspaper provides. Every Newspaper and magazine from the Wall Street Journal, New York Times , the Plain Dealer, Cosmopolitan and People magazine has sales force that that sells advertising. The advertisers like the subject matter of the paper. They like the response they get from the customers that buy and use their services.

Location Details:

The office is 1,500 sq. ft. and leased at $1,100.00 per month. There are 2 years left on the Lease. There are a total of 8 employees; 6 are considered free lance. Last year there were 150 advertisers.

Support & Training

The seller will stay with the buyer at no additional cost for one month. She is willing to stay longer on a part time basis with an agreed upon commission.

Reason for Selling:

Retiring