Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Business For Sale. Advertising Sales Agency

LISTING DETAILS
Firms For Sale ID:
11721
Vendor reference:
733078
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$4,500,000  
Turnover / revenue:
$646,000
Net profit / cashflow:
$3,900,000

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
IDEAL COMPANY21;21;21; Stable, Highly Profitable, Media (NFL, NBA, NCAA) Advertising Sales Agency in West LA21; 79 year-old owner must retire after 38 years. All advertising is sold by contract for national and regional advertising in various publications. Contracts with publishers range to 5 years duration. This C Corporation (two entities) has been running on autopilot for a number of years due to owner';s age. However, the company has just signed a contract for 50 - Game Day publications for sports teams all around the nation. This contract alone could easily increase sales by 24;1.5M in the next 12 months. In fact this could lead to as many as 200 additional 22;GD22; Pubs. The hard part is done. New owner will reap the increased profits. And this is just the beginning as demand from publishers for company';s services is overwhelming. Company has incredible growth potential in its current capacity. However, its model could easily be duplicated in regional sites creating unlimited growth potential. All it needs is the energy and commitment of a new owner. Straight forward set of financial statements for due diligence verification. Accrued Accounts-Receivable that is included in this Stock Sale has an approximate value of 24;550,000 net of Accounts-Payable ( Books are on a cash basis). This is the best listing in California and it is located right on the LA Westside. For more information, please contact Roger Civalleri at 310-539-8300.