Total of 18656 firms and businesses for sale today Friday 26th April 2024
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Sold. Highly Profitable Publications Company Serving Uk Construction/building Industry

LISTING DETAILS
Firms For Sale ID:
32578
Vendor reference:
IE085
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£900,000  
Turnover / revenue:
£1,000,000
Net profit / cashflow:
£180,000
Years established:
1997
Trading hours:
Monday – Friday: 0900-1700
Number of employees:
35

OTHER DETAILS
Reason for selling:
The vendor wishes to spend more time travelling
Support and training:
The vendor will provide full handover support to ensure a seamless transfer of ownership. This should be a relatively simple process as the business has an excellent management team already in place. The vendor may also consider staying for an extended period of time should a new owner so require, subject to negotiation.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Rent is circa £51,000 p.a. The business also has a smaller satellite office with rent circa £12,000 p.a. Leases are short term and flexible so the business could be easily relocated if need be.
 
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BUSINESS DESCRIPTION
Highly Profitable Publications Company Serving UK Construction/Building Industry
Suite of 4 Magazines (Online & Hard Copy)
Ref.IE085
Location Lancashire
Asking Price £ 900,000
This is a rare opportunity to acquire a highly profitable business with superb staff, a high profile suite of publications and impressive growth potential. These unique, high quality and specialist magazines have been developed purely for the construction industry and offer readers a definitive guide to the construction industry with specific focus on UK projects. Three of the titles were established some 15 years with the fourth title only just launched but with very favourable response rates. These magazines are instantly recognisable and have developed a strong brand presence to their readership within the construction industry.

This sector has a huge target readership and the titles currently enjoy a circulation of some 127,000 readers online and via hard copy. Because of this the publications are able to boast a very captive audience both in terms of readers and just as importantly advertisers (725,000 hits per month online)

Each publication is truly individual and targeted towards its own niche market-all the publications bear this fact in mind with their content. Because of this they are the journal of choice with very little in the way of competition.

The largest publication is produced on a monthly basis with the next two publications being bi-monthly. The most recent addition to the portfolio is planned to be produced on a quarterly basis.

All publications are self-financing though advertising and editorial revenues and have very little in the way of competition. The hard copy version f the magazines are printed by reputable printers on a sub contract basis. The full colour glossy magazines are produced to the highest quality as you would expect to further add to the image of a polished professional publication

Expansion Potential
The magazines are extremely well received by a concentrated but very loyal and receptive audience. More frequent productions would certainly increases readership, exposure and advertising revenues as would more targeted marketing to increase the circulation. The latest of the publications is expected to help grow the business over the coming years as is further expansion of the sales function.

Market / Competition / Non-Competition Agreements
The magazine's advertising base is maintained by up-to-date databases covering all sectors of advertising. Over the years, it is probable that sales staff have spoken to all the major advertisers in the appropriate sectors and current records are kept regarding when they wish to be contacted. All advertisers and agencies, both PR and Advertising, are advised of any planned special features, events or supplements and constant contact is kept with the relevant advertisers, on a month-to-month basis, depending on what features or special events have been planned for a particular issue.

Collations of past advertising revenues are available, as are back copies of the magazine.
Each title has its own website and the company also has its own website.