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0 Withheld

New Fairfield, CT 06812
  • $154,900
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 170569463
UPDATED: 188 min ago
$154,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,000
    SQFT
  • $155
    $/SQFT
Type:
Business Opportunity
County:

School Ratings & Info

Description

The business is a weekly community newspaper featuring what went on at recent Town meetings, happenings at Town offices, and relevant news in the community, schools, and students. Recap of school sporting events, general articles of interest, seasonal topics, etc.The business makes its money from the classified & display ad space it sells and the inserts it puts in the paper from advertisers.The paper is mailed and delivered to over 8,000 homes and businesses free of charge. There are over 200 active advertisers and even more during the holidays and changes of seasons. The paper has been doing this for over 52 years in Fairfield County. Only 3 Owners during this time. Now the last Owner wants to retire.Price:$154,900 (acts/rec not included)Location:In Fairfield County near Danbury, CT.Real Estate: The 1,000 S.F, 4-room office is located on the second floor (inside room measurements) above a retail store centrally located to town offices and schools in one of the Towns it is currently reporting on. Note, the office can be located anywhere a new owner wants. Advertisers or readers seldom come to the office so demographics are not very important for operations.Lease: The lease has been month to month for a long time. A new Owner might be able to get a lease if qualified probably at the same rent and terms that the current Owner has. By the way, rent for this 1,000 s.f. 4 room office is only $600/month. Employees:The owner is working with 9 part-timers who work at the office, in the Town they cover, and at their homes. Labor expense (1099’s) average +/- $57,440/year (w/o Owner’s salary & perks.).Most of the employees have been here for over 7-8 years (1 over 50 years).Furniture, Fixtures, & Equipment (FF&E):Included in the asking price. Upon receipt of your signed Confidentiality Agreement, I will send you a list of the equipment included in the sale. (Value estimated at $6,000 to $15,000).Competition:There is no competition for the Hometown Paper that is Delivered weekly like this one.Growth & Expansion:Expanding to the internet. Doing the same they do now but expanding into surrounding towns. Franchising. Hours Of Operation:The current Owner works +/- 30 hours per week. Employees come into the office when they have to. Their time at the Town varies as to what is going on. Support & Training:The current owner will train the new Owner for 2 months for no charge and anytime afterwards at a fee to be agreed upon.Sales & Cash Flows:This year revenues are expected to be +/- $300,000 with Seller’s Discretionary Earnings (SDE) estimated at $58,767. New Owner revenues is being estimated at +/- $315,000 with SDE estimated at $62,436.Simple ROI & Payback with the Purchase Price of $154,900 is estimated at 40.3% for the new Owner (SDE Earnings).Note this does not take into consideration that there is a lot of potential for a new Owner. It was decided to price under market values and give the New Owner every chance to grow the business (or not to) in anyway he/she wants – in other words, quite a deal is available for a Buyer. Recurring Revenue Streams?Yes. Many advertisers advertise every week. During the holidays, it’s very busy.Reason for Selling:RetirementFinancing: Depending on price and if qualified the Owner will consider financing with 50% down and the balance financed over 2-3 years at +/- 7% interest.Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is provided or a meeting is scheduled to view the business, or the location disclosed. Detailed financial information showing the ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2023 SmartMLS, Inc. Data last updated: 2023-05-30T00:09:43.803.
www.connecticutpropertyforsale.com/homes/139463604
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0 Withheld New Fairfield, CT 06812

  • Price: $154,900
  • Status: Active
  • On Site: 18 Days
  • Updated: 188 min ago
  • MLS #: 170569463
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,000
SQFT
$155
$/SQFT
County:
Fairfield
Area:
New Fairfield
Property Description
The business is a weekly community newspaper featuring what went on at recent Town meetings, happenings at Town offices, and relevant news in the community, schools, and students. Recap of school sporting events, general articles of interest, seasonal topics, etc.The business makes its money from the classified & display ad space it sells and the inserts it puts in the paper from advertisers.The paper is mailed and delivered to over 8,000 homes and businesses free of charge. There are over 200 active advertisers and even more during the holidays and changes of seasons. The paper has been doing this for over 52 years in Fairfield County. Only 3 Owners during this time. Now the last Owner wants to retire.Price:$154,900 (acts/rec not included)Location:In Fairfield County near Danbury, CT.Real Estate: The 1,000 S.F, 4-room office is located on the second floor (inside room measurements) above a retail store centrally located to town offices and schools in one of the Towns it is currently reporting on. Note, the office can be located anywhere a new owner wants. Advertisers or readers seldom come to the office so demographics are not very important for operations.Lease: The lease has been month to month for a long time. A new Owner might be able to get a lease if qualified probably at the same rent and terms that the current Owner has. By the way, rent for this 1,000 s.f. 4 room office is only $600/month. Employees:The owner is working with 9 part-timers who work at the office, in the Town they cover, and at their homes. Labor expense (1099’s) average +/- $57,440/year (w/o Owner’s salary & perks.).Most of the employees have been here for over 7-8 years (1 over 50 years).Furniture, Fixtures, & Equipment (FF&E):Included in the asking price. Upon receipt of your signed Confidentiality Agreement, I will send you a list of the equipment included in the sale. (Value estimated at $6,000 to $15,000).Competition:There is no competition for the Hometown Paper that is Delivered weekly like this one.Growth & Expansion:Expanding to the internet. Doing the same they do now but expanding into surrounding towns. Franchising. Hours Of Operation:The current Owner works +/- 30 hours per week. Employees come into the office when they have to. Their time at the Town varies as to what is going on. Support & Training:The current owner will train the new Owner for 2 months for no charge and anytime afterwards at a fee to be agreed upon.Sales & Cash Flows:This year revenues are expected to be +/- $300,000 with Seller’s Discretionary Earnings (SDE) estimated at $58,767. New Owner revenues is being estimated at +/- $315,000 with SDE estimated at $62,436.Simple ROI & Payback with the Purchase Price of $154,900 is estimated at 40.3% for the new Owner (SDE Earnings).Note this does not take into consideration that there is a lot of potential for a new Owner. It was decided to price under market values and give the New Owner every chance to grow the business (or not to) in anyway he/she wants – in other words, quite a deal is available for a Buyer. Recurring Revenue Streams?Yes. Many advertisers advertise every week. During the holidays, it’s very busy.Reason for Selling:RetirementFinancing: Depending on price and if qualified the Owner will consider financing with 50% down and the balance financed over 2-3 years at +/- 7% interest.Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is provided or a meeting is scheduled to view the business, or the location disclosed. Detailed financial information showing the ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.
Exterior Features

Garage And Parking None Lot Description Corner Lot Road Frontage Description State Road

Interior Features

Cooling System Central Air Heat Type Other Number Of Restrooms 1 Sq Ft Total 1000

Property Features

Agent Owner YN No Bank Owned Property No Build Out Allowance Available No Business Name Community Newspaper Equipment Included Office Equipment Equipment Value Estimated 5000 Exclusions Accounts Receivable Heat Fuel Type Other Hubbard YN No Inventory Included YN Yes Land Included With Business Business Only (No Real Estate) Landlord Requirements Credit CheckReferences RequiredSecurity DepositLease Required Lease Years Remaining 0 Location Downtown Monthly Lease Amount 600 Net Operating Income 62436 Sewage System Other Under Agreement Yn No Utilities Available ElectricTelephonePhone Available Water Source Other Year Business Established 52 Zoning Bus

Listing information © 2023 Smart MLS
Listing provided courtesy of Cj (Charlie) Vlahos of Blanket Real Estate: (203) 746-7272.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2023 SmartMLS, Inc. Data last updated: 2023-05-30T00:09:43.803.
 
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