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: Retirement Financing: 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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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $95,920 | $95,920 | $95,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $654 | $638 | $816 |
Total Monthly Payment | $729 | $713 | $891 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.