||Employees||4 full, 2 part
* Included in Asking Price
Publication Company of Premier Well-Respected Glossy Community Magazines
Location Norwich - Fully relocatable
Asking Price £ 150,000
Asking price includes:
Turnover circa £204,513 per annum
Net profit £55,532
Excellent Historic Trading
Highly regarded, advertising driven free distribution A4 colour magazines
Total circa 57,000 circulation and growing
Consistent levels of advertising revenue
High levels of local awareness
Established in 2001, this business produces and distributes three local glossy community magazines, covering Diss & Attleborough, Wymondham, Dereham & Watton and Bury St Edmunds plus there is an additional glossy magazine covering Norwich that went into production six months ago. The new magazine has an estimated £250,000 of advertising revenue going into it.
These popular free distribution, full colour magazines have gone from strength to strength. The magazines are distributed door to door to homes and companies with virtual blanket coverage across a number of towns and villages. The magazines have a prime position within the three communities where they are distributed, and are well received and well read by many readers.
Diss and Attleborough has 11,000 monthly production
Bury St Edmunds, 18,000
Wymondham, Dereham and Watton 18,000
Norwich already distributing 10,000
Local businesses, particularly smaller businesses – partnerships and sole traders - contribute virtually all of the advertising sales revenue.
The success of these magazines has been based on providing a medium for the local community to spread details and information about issues and events throughout its circulation area as well as providing features that have an interest to the wide range of people that live within it.. These magazines cover the Norwich area – with very little competition offering similar coverage.
This business represents an excellent opportunity to acquire a well-established profitable free distribution magazine with a substantial, loyal advertising base and excellent growth prospects.
|Facilities:||Relocatable, no premises with this sale.|
|Competition:||The magazines are extremely popular and as such promote a tremendous amount of self advertising. There are also two websites showcasing the publications and the business features on social media sites|
|Training/Support:||Support and training will be provided to ensure a smooth transition of ownership|
|Sale Reason:||The owner is an entrepreneur and is now looking at new ventures.|
Seller Reference #IE093
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