Action Detroit Newspaper For Sale
Location Michigan,United States
Asking Price Range < $250K
Gross Revenues $65000
Net Profit / Cash Flow $39000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1987
Number of Employees 1 - 3
Inventory 10000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Yes- up to 6 months.
Reason for Sale Retiring to Asia.
Description A 17 year old newspaper covering local entertainment and attractions, found in our custom distribution racks through out the WAYNE COUNTY'S DETROIT METROPOLITAN AIRPORT (DTW) ranked as the 6th busiest in the world based on operations. In 2004 Detroit Metro Airport served over 35 million passengers. Found as well at all the surrounding hotels, restaurants and car rentals. Of that, an estimated 65% are business people while 35% are leisure travelers. In addition to about 62,000 airport and service employees. The new $1.2 billion terminal opened in February 2002, and features 97-gates. Our 17 year old publication is distributed through-out Detroit Metro Airport Terminals in our custom built distribution racks as well as to 500+ Businesses in the surrounding communities including the hotels, car rentals and restaurants. Also just north of the airport is the new sites for the Michigan Downs Horseracing track and a New 200 room Hannahville Indian Hotel & Casino. Detroit is home to the North American Auto Show in January of each year. As well as we will be hosting city for the upcoming Super Bowl.Great potential for growth in this exciting and cutting edge business.
This is a great chance to expand and build a media empire from a already existing base. Tremendous opportunity to market to all of S.E. Michigan and surrounding area to a captive audience. Negotiable on the terms. Owner wishes to retire, but also willing to stay on as many months as needed to insure new owner success in take over transition. Willing to teach all the steps and procedures, no real property is included. Ran from home office. Owner would consider financing with a substantial down payment.
If you have flown from Detroit, then you have seen this newspaper. Find out more at actiondetroit.com This newspaper publishing business has been steady growing, enjoys a very large following in readership and has unlimited potential. Contact for more information on this Newspaper business for sale.
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