I am looking to acquire a publishing business that currently has 2 publications and is turning over $225k a year with $135k discretionary earnings. The business has been running for 14 years and the current owners are looking to retire. The publication has previously had 5 magazines with sales peaking at $445k a year. I come from a marketing background and have the skillset to grow this business. My challenge however is raising sufficient funds to acquire the business.
I would be looking to repay the $100k loan within 12-16 months. I am already covering my costs of living through my existing business so can use all earnings to settle the loan. I have a strong background in marketing, having founded and exited a B2B marketing business in South Africa in 2021 and I am confident that I could grow this business to a 7 figure publication with expansion across the USA and also look at franchising the model to the larger cities within the USA.
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