Award Winning Community Newspaper
Asking Price: $224,900
Exciting Opportunity to Own a Well-Respected, Niche Publication
Do you love to network in the community? Do you love news and current events? Might you have an eye for layout and design? If you do, this just might be one of the most glamorous and untapped opportunities around.
This national award-winning community newspaper has grown from a 4-page stapled flyer with circulation of 500 copies to as much as 56-pages with circulation of 5,500. Currently, the newspaper publishes 32-40 pages per issue, depending on news content, balanced with ad support. Papers are mailed to approximately 4,500 homes and postal routes, with the remaining papers being distributed for street pickup at about 25-30 locations including banks, libraries, restaurants, grocery stores, government offices, etc.
Sellers manage the newspaper from a home-office and collectively work between 40-50 hours/MONTH!! The paper has a copy editor/proofreader and news editor who contributes 8-10 articles per month of his own discretion. Community members, law enforcement, fire and rescue, forest service, libraries, government and local businesses also contribute news and articles via a non-solicited email feed.
Opportunity is everywhere for this niche paper! Expanded advertising as well as expanded distribution will accelerate growth. Maybe even an updated website. Sellers are ready to retire and help transition a new, more energetic owner to bigger and better success.
COVID affected advertising sales in 2020, but the paper has already seen a rebound in 2021. Cash flow in previous years was between $93,000 and $103,000.
The perfect buyer would be someone who lives in the coverage area and loves being active in the community, meeting and rubbing elbows with local business owners and dignitaries, as well as someone who might have a background in journalism, layout/design, sales or marketing.
2020 Gross Revenue | $132,200
2020 Cash Flow | $69,700
IFF&E | $2,500
Established | 1988
Employees | 2