Radio broadcast station, AM, Spanish, profitable (Audio/Video, General Audio/Video; Communications (Phone/TV/Radio), Radio Stations)
- Connecticut
| Seller Financing: |
Yes |
| Lender Pre-Qualified: |
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| Listing ID: |
73042 |
| Status: |
Active |
Listing Details
| Listed Price: |
$2,500,000 |
| Down Payment: |
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| Total Sales: |
$675,000 |
| SDE: |
$329,305 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$380,000 |
Included? Yes |
| Real Estate: |
$350,000 |
Included? Yes |
| Inventory: |
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Included? |
| A/R: |
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Included? |
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| Reason for Sale: |
Owner wishes to retire. |
| Training: |
Owner is willing to train buyer. |
| Financing Terms: |
Owner will consider financing. |
Operations
| Year Established: |
1992 |
| Last Acquired: |
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| Form of Ownership: |
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| Home Based: |
No |
| Relocatable: |
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| Type of Location: |
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| Absentee Owner: |
No |
| Online: |
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| Employees: |
Full Time: 12 / Part Time: |
| Managers: |
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| Hours: |
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| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
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| Facilities: |
Transmitting towers land (for sale); leased studios |
Summary
| Business Description: |
This Spanish language radio station has been operated by the current owner for 18 years, with new studios and transmitting towers on seven acres. The frequency is a clear broadcast frequency, and the station is in the process of becoming purely digital and increasing its wattage by 3000 watts, which will give it the quality of FM transmission, with more coverage. All but one sector engineering study (south) has been completed, and FCC applications made. The station broadcasts around the clock, seven days per week. The programming is streamed on line. It is ranked number two in its primary market area according to the Arbitron Company in the spring of 2010, and has between 200,000 and 250,000 listeners. Its programming is a combination of Tropical music ( Salsa [Cumbia and Ballenato], Marengue, Bachata, Ballads, Regueton, Plena, and Bomba), news, weather, and sports reports, live coverage of events of interest to the Spanish-speaking community, and informational programs and interviews with government officials, educators, and business leaders. The station plays music from Central and South America in order to fill the needs of its listeners. The station owns the right to sell the property on which its three transmitting towers stand, and that land is included in the selling price. The towers are located on 6.9 acres of property. The possibility exists that about four acres of this property could be sold off as building lots. The land has access to city water and sewers, and is zoned R25 (Residential with lots of a minimum of 25,000 square feet). 80% of the advertising revenue comes from national accounts, and net profit before owner’s compensation equals about 50% of gross income. Accounts Receivable average 45-60 days. |
| Historical Summary: |
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| Owner Qualifications: |
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| Competition: |
Station is #1 of four Spanish language AM stations in area |
| Potential Growth: |
Completion of digitalization will enable more power, better quality of broadcast |
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