Advertising Medium for Jobs - On-line and Paper
Location : Cumbria
Asking Price : £120,000
Turnover : £91,000
Net Profit : Undeclared
Gross Profit : Undeclared
EBITDA : £61,000
Net Asset : Undeclared
Premises : Relocatable
Confidentially offered for sale
Turner Butler has been appointed to invite offers for purchase of 100% of the shares in a limited company that produces an on-line and off-line newspaper advertising local jobs.Business Profile
Based in Cumbria, this advertising paper was launched over 10 years ago and is an independent jobs publication distributed in and around the South Lakes & North Lancashire area. The paper is distributed free around the local area and is highly targeted to a job-seeking audience, as is the accompanying website.
The paper combines recruitment advertisements with occasional editorial, including only job adverts.
Printed in Kendal and distributed every fortnight, the paper’s circulation ranges from 11,000 to 15,000. There is considerable potential for growth as the paper has only ever been run by one person working part-time from a home office, with no outgoing sales calls and a very small social media presence.
- Only independent jobs paper covering the South Lakes / North Lancs area
- Loyal customer base
- Established for more than 10 years
- Highly profitable with scope for significant growth
- Easily managed by a sole person or a valuable addition to a larger business portfolio
For the financial year ending December 2019, the business generated turnover of approximately £91,000 and an EBITDA before a single owner’s drawings of over £61,000.
Offers are now invited for a sale of 100% of the Issued Share Capital in the Limited company based on a Balance Sheet value of £zero.
If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.
The local newspaper The Westmorland Gazette which charges over twice the amount for recruitment adverts despite the majority of their readership being retirement age.
Also online providers such as Indeed would also be considered competitors.
Huge potential - the paper has been run by one person working on it part-time. Social media has not been pushed. No outgoing sales calls to local businesses are made. It s been kept very simple and efficient but could certainly be easily grown with the right people/ team behind it.
This is before even considering expanding the coverage area of the paper and replicating the business model in other geographic areas..
The Company provides an acquirer with a very well established business model with a strong, loyal customer base and significant growth opportunities.
It should particularly appeal either to a local person wanting a simple, profitable business to run on a part-time basis, or to an organisation already operating in the marketing communications or print sectors.Turner Butler Disclosure Statement
This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')
The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.
For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into
The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.
Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.
You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.
Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.
Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.
This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts