Property Descriptions

Advertising Medium for Jobs - On-line and Paper Ref. IE095 Location : Cumbria Asking Price : £120,000 Turnover : £91,000 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. Key features: - 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 Financial performance: 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. Next steps: 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. Competition: 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. Potential: 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.