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Listing ID: 2982441

Magazine & Publishing Group - 22771 For Sale

New York City, New York, United States

$ 675,000

Revenue: $ 396,566

Cash Flow: $ 281,566

Business Description

Restaurant Magazine with several pending projects looking for majority partner (80%) or buyer with the desire to expand into other markets. The best resource guide for fine dining within the Metro NY/LI market. Sales to Hi end advertisers wanting to reach this magazine's affluent readership. Annual publication, now in its 22nd year, features information on top-rated restaurants including a sample menu, color photo and other pertinent information. Has articles by chefs, restaurateurs and former NY Times Restaurant reviewer. 240,000 annual readership. Found everywhere magazines are sold - at least 1500 locations, including hotels and libraries, and on its web site. Beautiful high quality production value. Used as both a reference and coffee table book. Is one of the best-selling magazines in its market. This title can and should be expanded to every major market in the US. International expansion also suggested. Many potential spin-off projects include related web sites e-commerce, trade title, etc. Published once a year but distributed 4 times a year. Owners have 5 months off per year before producing next annual edition. Owners seek full time working partner to purchase 80% of company. 100% purchase of the company may be available as well. Owners will provide extended training and transition and will provide long term support and assistance. Home based business. Prospective buyers are required to provide publishing and/or advertising sales background and financial qualifications before the name of the business can be disclosed and a meeting with the seller or access to additional information. Call broker, Joseph Stansky for more details. Proof of funds and required background are is required for name of this publication.

Property Details

Property Type:

Lease

FF&E:

$ 5,000

Other Details

Operation Details

Employees:

2

Support & Training:

Yes

Miscellaneous

Reason For Selling:

retirement

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